Article | May 22, 2012 - 12:15pm
"Fiscal consolidation and structural measures must proceed hand in hand, to make the (fiscal) adjustment process as growth-friendly as possible. Finding a careful balance between spending cuts and revenue increases is critically important. The reform agenda (in the Eurozone) must also be specifically targeted at supporting employment, reducing inequalities and protecting the weakest segments of the population”.
Article | May 20, 2012 - 9:42pm
One of the richest men in China, Huang Nubo, wants to invest in a Hans Christensen Andersen theme park on Funen, Copenhagen Post reported.
One of the richest men in China, Huang Nubo, wants to invest in a Hans Christensen Andersen theme park on Funen, Copenhagen Post reported.
If the Little Mermaid can travel to Shanghai, the Chinese can travel to Denmark to visit an Andersen theme park close to his hometown of Odense. At least that’s what Huang Nubo seems to think. The Chinese investor, hotel owner and billionaire, wants to see Chinese tourists flock to Denmark.
Article | May 20, 2012 - 9:10pm
Montenegrin Prime Minister Igor Luksic said the government is determined to resolve ties with their Russian partner EN+ group of Russian billionaire Oleg Deripaska in regard to aluminium plant KAP, Montenegro Times reported.
Montenegrin Prime Minister Igor Luksic said the government is determined to resolve ties with their Russian partner EN+ group of Russian billionaire Oleg Deripaska in regard to aluminium plant KAP, Montenegro Times reported.
It was recalled that in February, the government took over the troubled KAP aluminium plant including €132m in debts. Owner Deripaska failed to revive the smelter after taking a majority stake in 2005. Montenegro owns 58% stake in KAP along with the Russian partner.
Article | May 18, 2012 - 1:37pm
The government of Kosovo has decided to introduce a visa regime for 86 countries, including Russia and China. The decision shall apply starting from 1 January 2013 and among the countries whose citizens will need visas to enter Kosovo are mostly the countries which have not yet recognised the country's independence, but also some which have.
Article | May 17, 2012 - 11:57am
Talks between Hungarian Minister of Justice and Public Administration Tibor Navracsics and Finnish politicians in Helsinki on 15 May focused on reform of the justice system and public administration.
Navracsics met with Finnish Prime Minister Jyrki Katainen and discussed current events unfolding in the European Union, especially the Greek situation and its effects on the economic political climate.
Article | May 17, 2012 - 8:24pm
Russian Prime Minister Dmitry Medvedev on May 17,during a legal forum ahead of his participation to the G8 summit at Camp David, warned Western powers ,stating that a military intervention in the affairs of sovereign states could lead to war, even nuclear war.
Russian Prime Minister clearly referred to his country's position, contrary to the Western powers,on issues such as Syria and elsewhere in the Middle East.
Article | May 17, 2012 - 1:54pm
On the way out of his term as Greece's Prime Minister, Lucas Papademos delivered a message to the Greek people, shortly before Greece's next next interim Prime Minister Panagiotis Pikramenos took office.
Article | May 14, 2012 - 3:58pm
Talks over the resolution of the Armenia-Azerbaijani Nagorno Karabagh conflict have turned into discussions on potential gas deals and future closer EU-Azerbaijani cooperation.
Just recently, Azerbaijan had started to seek closer cooperation with countries like Bulgaria and other EU member states.
There have been various bi-lateral meetings with the Bulgarian Prime Minister, President of the Parliament and even with the European Commissioner for energy, Günther Oettinger.
Suddenly, talks over the resolution of the Armenia-Azerbaijani Nagorno Karabagh conflict turned into discussions on potential gas deals and future closer EU-Azerbaijani cooperation.
What is the game Azerbaijan plays?
Article | May 13, 2012 - 9:45pm
Speaking in Baku, International Monetary Fund (IMF) Middle East and Central Asia Department (MCD) Deputy Director Nadeem Ilahi said prospects for the development of Azerbaijan's economy in the short term are generally favourable, news agencies reported.
Speaking in Baku, International Monetary Fund (IMF) Middle East and Central Asia Department (MCD) Deputy Director Nadeem Ilahi said prospects for the development of Azerbaijan's economy in the short term are generally favourable, news agencies reported. He recalled that last year the main indicator of economic development of the country namely the non-oil GDP grew by 9.9%, marking a good indicator.
Article | May 13, 2012 - 10:16pm
Less-buoyant external demand and worsening terms of trade which might entail economic rebalancing, has urged international credit rating agency Standard & Poor to downgrade the outlook on Turkey's credit ratings, reads a press release.
Less-buoyant external demand and worsening terms of trade which might entail economic rebalancing, has urged international credit rating agency Standard & Poor to downgrade the outlook on Turkey's credit ratings, reads a press release.
Turkish exports in April fell 2.9% from April 2011 to $11.4 billion, according to figures released today by Turkish Exporters Assembly (TIM) President Mehmet Buyukeksi at a press meeting in the Balikesir province in western Turkey.
Article | May 10, 2012 - 10:46am
On 9 May, Europe Day, Cyprus celebrated it in a truly European way. Due to begin the Presidency of the Council of the EU, Cypriot Deputy Minister for EU Affairs Andreas Mavroyiannis headed the unveiling of the country's logo for the presidency. It was a ship "whose hull doubles as a dove, with colourful sail, heading to the heart of Europe".
Mavroyiannis said the logo “brings to mind the island character of Cyprus with its long maritime tradition and the fact that our country today has the third largest fleet in the EU”.
Article | May 10, 2012 - 1:02pm
Kosovo Prime Minister Hashim Thaci urged Brussels to provide a concrete support to Pristina's EU integrations, lamenting on the lack of appreciation of his country's reforms and progress.
Article | May 9, 2012 - 11:42am
On 9 May, Europe day from 9 am to 4 pm, Manneken-Pis will dress like a European.
Manneken-Pis, the symbol of Brussels folklore, gets a costume at major events. On 9 May he will celebrate Europe Day by dressing like a European.
Article | May 8, 2012 - 11:00am
The National Assembly may decide on the key figures of the budget and the tax
laws for 2013 much earlier than usual, before the summer break. This was proposed by Prime Minister Viktor Orbán at the Fidesz-KDNP Parliamentary group meeting on 2 May.
Article | May 8, 2012 - 10:41am
Armenia's ruling Republican Party is poised to command a majority of seats in the national parliament after winning around 44% of votes in the elections on 6 May. The centre-right party of Armenian President Serzh Sargsyan came ahead of its former coalition partner, the Prosperous Armenia party, which gathered about 30% of votes.
Article | May 8, 2012 - 4:15pm
The European Union is considering a special package for Pakistani market, particularly the textile sector, and for this a proposal had already been presented, said Polish Deputy Minister of Economy Andrzej Dycha.
Poland is also keen to discuss bilateral relations with Pakistan and reduce the trade imbalance that exists between the two countries.
However, the EU is likely to increase the number of quota restricted items from 20 to 23 in the EU package for Pakistan.
Article | May 8, 2012 - 12:09pm
While many are concerned about climate change, Tony de Brum, Minister-in-Assistance to the President of the Marshall Islands has reason to be a worried man. With the islands being only 2 metres above sea level, they will be the first nation to disappear under the waves if climate change is not adequately tackled.
Blog entry | May 6, 2012 - 11:09pm
Whatever the outcome of the French and the Greek elections on 6 May, the Eurozone will never be the same as before. In both those elections there will be a message sent also to Brussels and Berlin, and even Washington and New York as well. In some respects on election night, Athens may emit a much louder and clearer braodcast than Paris.
Article | May 6, 2012 - 10:12pm
Upon invitation by Turkish Foreign Minister Ahmet Davutoglu, Cameroon’s Foreign Minister recently paid a visit to Turkey. This was the first formal visit from Cameroon to Turkey on foreign ministers level, the Turkish Foreign Ministry said.
Upon invitation by Turkish Foreign Minister Ahmet Davutoglu, Cameroon’s Foreign Minister recently paid a visit to Turkey. This was the first formal visit from Cameroon to Turkey on foreign ministers level, the Turkish Foreign Ministry said.
During talks with Turkish officials, Mbonjo discussed bilateral relations as well as recent developments especially in African continent.
Article | May 4, 2012 - 9:03am
Austrian officials will work with Hungary on the issue of illegal “pocket contracts” on the sale of farmland, Regional Development Ministry state secretary Gyula Budai revealed.
This debate has been around since Hungary's accession to the EU. The arguments against selling it to foreigners have been based mainly on national feeling, on the emotional relationship to the country and to the land of Hungary.
Article | May 3, 2012 - 4:59pm
The Communications and Transport Minister of BiH, Damir Hadžić, has met on 3 May with Croatian Minister of Transport and Infrastructure, Siniša Hajdaš Dončić.
They discussed several important bilateral infrastructure undertakings, including Adriatic-Ionian highway, building of a bridge on Sava river close to Svilaj, cooperation in digitalisation of telecommunications and control over the BiH airspace.
Article | April 29, 2012 - 9:05pm
Turkey’s Economic Minister Zafer Caglayan recently criticised European leaders for their failure to resolve the eurozone sovereign debt crisis, saying their failure has yield negative repercussions on Ankara’s growth, news agencies reported.
Turkey’s Economic Minister Zafer Caglayan recently criticised European leaders for their failure to resolve the eurozone sovereign debt crisis, saying their failure has yield negative repercussions on Ankara’s growth, news agencies reported.
The Turkish minister said in Washington that Europe is obviously in deep trouble economically and two leaders in Europe, the German Chancellor Angela Merkel and French President Nicolas Sarkozy, did not show much resistance.
Article | April 29, 2012 - 9:06pm
On 24 April, a donors conference was held in capital of Bosnia and Herzegovina (BiH), Sarajevo, aimed at raising funds for a housing project for some 73,000 most vulnerable refugees in BiH, Croatia, Montenegro and Serbia. Out of €583 million needed for the project, some €300m was gathered.
On 24 April, a donors conference was held in capital of Bosnia and Herzegovina (BiH), Sarajevo, aimed at raising funds for a housing project for some 73,000 most vulnerable refugees in BiH, Croatia, Montenegro and Serbia. Out of €583 million needed for the project, some €300m was gathered.
Article | April 29, 2012 - 9:44pm
Data from the official statisticians of Latvia recently revealed that the Latvian economy grew by 5.5% in 2011. With a better flow of investments and an overall improvement in the business climate, Latvia’s shortfall was more than halved, shrinking to 3.5% of economic output from 8.2% in 2010, the data showed.
Data from the official statisticians of Latvia recently revealed that the Latvian economy grew by 5.5% in 2011. With a better flow of investments and an overall improvement in the business climate, Latvia’s shortfall was more than halved, shrinking to 3.5% of economic output from 8.2% in 2010, the data showed.
Both outward and inward business flows fuelled the performance as it spurred industrial growth last year.
Article | April 29, 2012 - 9:03pm
At a recent meeting in Ankara, Turkish Deputy Prime Minister Ali Babacan, who is in charge of the Turkish government's economic policies as the head of its Economy Coordination Board (EKK), announced that the government plans to boost hot money inflow to Turkey with a newly announced annulment of a tax on portfolio investments.
At a recent meeting in Ankara, Turkish Deputy Prime Minister Ali Babacan, who is in charge of the Turkish government's economic policies as the head of its Economy Coordination Board (EKK), announced that the government plans to boost hot money inflow to Turkey with a newly announced annulment of a tax on portfolio investments.
