PM Ludovic Orban will honour the wage and pension hikes promised by his predecessor — but ministers have not yet explained how they will be financed.
US officials to use "tools that have teeth" as they work with Bulgarian government and civil society to strengthen the rule of law, foster judicial independence, and tackle corruption.
Over the next three years, Moldova’s external debt is expected to rise by around $1bn, compared to a more moderate advance of $0.5bn over the past decade.
Agreement set to further complicate disputes between Ankara and regional neighbours over rights to East Mediterranean energy resources.
Moldova could “take a break” in its collaboration with the IMF, PM Ion Chicu said, days after announcing plans to secure $500mn infrastructure loans from Russia.
Meanwhile, head of Russian state arms exporter Rosoboronexport refers to “big plans” for military technical cooperation between Moscow and Ankara and report emerges of Turkey blocking Nato defence plan for Poland and Baltics.
6.4 magnitude earthquake that hit Albania early on November 26 was felt across the region.
Deficit expected to come in at as much as 4.1-4.3% of GDP, as new centre-right government prepares emergency decree revising this year’s budget.
Sofia hopes to join the Exchange Rate Mechanism by April 2020, as it aspires to membership of the eurozone.
Net profit and passenger numbers have fallen at flag carrier. Last week it was announced additional Boeing 737 Max aircraft will be bought by JV it runs with Lufthansa.
Ekrem Imamoglu condemns public lenders, saying they are not even extending routine loans. Business capital officials relying on international markets to meet financing needs.
Iohannis’ reelection calms the political scene in Romania — for the short term — but parties are already positioning themselves for next year’s general election.
Transaction with Koc Holding would mark end of first foreign partnership in Turkey’s financial services industry.
Lukas Wagenknecht has asked the prosecution in Bulgaria to probe the deal due to suspicions that it was intentionally closed at a price that was not beneficial for state-owned CEZ.
Polls show the centre-right incumbent Klaus Iohannis will defeat recently-ousted prime minister Viorica Danicla convincingly.
Vucic says “no logic” to spy affair that surfaced days before his visit to Moscow, given warm relations between two states.
EBRD bought $90mn of new paper. Activity of issuers across Emerging Europe, EMEA and Eurasia up since last month and still growing as latest Fed easing has some effect.
Breakthrough as top Bosnian politicians finally agree to send a reform programme to Nato, resolving a dispute that had held the nomination up by several months.
Once the driver of country’s economic boom, sector saw number of issued permissions drop 57% in first three quarters.
Anonymous benefactor paying off grocery debts and slipping money under doors in poor neighbourhoods as country comes to terms with spate of collective family suicides.