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Serbia breaches a deal with IMF

The International Monetary Fund said Serbia has breached its stand-by funding agreement by allocating more than previously agreed sum for public sector wages in its 2010 budget. Serbia has allocated 120 million euros more than pre-agreed with the Fund, B92 quoted the IMF Resident Representative in Serbia, Bogdan Lissovolik, as …

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Bulgaria’s Georgieva Quizzed in EP

Bulgaria’s new EC commissioner designate responsible for international co-operation, humanitarian aid and crisis response, Kristalina Georgieva, seemed to impress her inquisitors in the EU Parliament during her confirmation hearing on Wednesday. Several MEPs congratulated Georgieva’s command of her new proposed portfolio, including British Labour MEP Michael Cashman, who praised Georgieva’s …

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