Moody’s on Friday downgraded Croatia’s credit rating from Baa3 to Ba1, citing poor economic growth prospects and the government’s lack of fiscal flexibility.The agency also changed the outlook on Croatia’s rating from negative to stable, citing only a limited risk of a significant deterioration in the government’s fiscal position and …

Towards the end of 2012, the Constitutional Court of Slovenia issued a decision in regard to a referendum meant to consult the population on the establishment of a so-called “bad bank”. The bad bank was to be a state-owned institution meant to take over bad loans made by private banks …

The US Embassy in Tirana has expressed shock at the acquittal of two Republican Guard officers accused of the murder of three protesters during the January 21, 2011 riots.“We are dismayed by the decision of the Tirana District Court to acquit the two defendants who stood trial on charges related …