Eurasia Press & News

Montenegro will provide financial aid to ailing aluminium producer KAP, under several conditions, the government said. Early in January, KAP had said it would suspend production by February without government’s support, due to severe losses from high production costs and falling metal prices on the international crisis. Local media later …

MOSCOW – Russia’s budget expenditures could grow by 600 billion rubles ($17 billion) to 9.6 trillion ($275 billion) this year, First Deputy Prime Minister Igor Shuvalov said on Friday. He added it was only a preliminary figure and that it would be confirmed following a Cabinet session. The official said …

MOSCOW -Russian President Dmitry Medvedev said Friday he was happy to have the government’s economic policies criticized, while telling regional deputies to be “extremely” attentive to social problems. In comments that contrasted with the tough image of his predecessor, Prime Minister Vladimir Putin, Medvedev stressed the need for open debate …

BRUSSELS, – European Union ceasefire monitors may soon be the only observer mission in Georgia yet still have no access to breakaway regions and face continued hostility, the mission’s head warned on Thursday. The official, Hansjoerg Haber, said observers from the Organisation for Security and Cooperation in Europe (OSCE) were …

Armenian National Assembly Speaker Hovik Abrahamyan met Thursday with Georgian Ambassador Revaz Gachechiladze, who is completing his mission in the republic. The Armenian Speaker thanked Ambassador Gachechiladze for his contribution to the development of the Armenian-Georgian cooperation. The two discussed possibilities to strengthen interparliamentary ties and other issues of mutual …

ROME  – When police arrested two Romanians for the rape of an Italian teenager in Rome, Il Giornale, a paper owned by the family of Prime Minister Silvio Berlusconi, reported: “The Romanian beasts have been caught.” Three weeks later, prosecutors admitted the “beasts” could not be guilty — DNA tests …

Bucharest. Romania could slip into recession this year, when the economy could show a contraction of 1.0 percent to growth of 1.5 percent, Finance Minister Gheorghe Pogea said on Thursday. Romania is currently in talks with the International Monetary Fund and the European Union over a possible financial bailout.

Officials from the UN’s High Commission for Refugees, UNHCR, and Romania on Thursday officially opened an emergency transit refugee centre in Timisoara, western Romania, to house refugees facing acute danger and in need of immediate evacuation. The centre, the first of its kind in the world, has been set up …

Bulgaria’s Ministries Council granted authorization Thursday to design and build a waste treatment facility in the “Sadinata” site, near the village of Yana, in Sofia’s “Kremikovtzi” district. The “Integrated System of Facilities for Treatment of Household Waste from Sofia’s Municipality” will be built on nearly 333,000 square meters of lands …

Bulgaria’s Parliament Speaker Georgi Pirinski is visiting Ankara Thursday amidst a growing scandal regarding some Bulgarian cities recognizing the 1915 Armenian Genocide carried out by the Ottoman Empire. Three Turkish cities have broken their twin cities agreements with Bulgarian ones and nine more are about to do so due to …