Government officials in Bulgaria and Croatia scrambled this week to alleviate the negative effects on their tourism business following the collapse of British holiday firm Thomas Cook.
Fund says growth has rebounded aided by policy stimulus and favourable market conditions. Adds monetary easing has been “too aggressive” and that only “viable borrowers” should be accepted amid new credit drive.
At A-, Russia’s first sovereign long-term foreign currency credit rating from domestic ratings agency ACRA is significantly higher than its ratings from the international agencies.
Failed coup attempt in 2016 seen as one factor in demise of firm. Industry figures worried country could miss out on more than half a million tourists a year following loss of company.
In six months, percentage of survey respondents saying country is headed in wrong direction increases to 49% from 38%.
Power cuts and damage to buildings in Tirana and Durres after quake measuring 5.8 on the Richter scale, but no deaths reported.
The increase in the retirement age was part of Zagreb’s plans to reform the pension system in response to the country’s ageing population, but sparked an angry backlash from thousands of Croatians.
Nikol Pashinian warns mineral export revenues are so important to small nation that in event of renewed war with Azerbaijan the depletion of them would be a matter of national security.
Russian market for industrial robots in 2018 increased by 42% to 1,007 units, Vedomosti daily reported on September 19 citing the data of the International Federation of Robotechnics (IFR).
Russia’s Ministry of Natural Resources and Environment has estimated the total value of Russia's oil reserves at RUB74.5 trillion ($1.2 trillion), almost doubling the valuation over one year, RBC business portal reported. Total value of hydrocarbons,
State-owned venture capital fund Hiventures will pick companies it deems bourse-ready from its portfolio and ready them for inclusion on the stock exchange's Xtend market.
Saimir Tahiri was found not guilty of drug trafficking but sentenced for abuse of office, in verdict announced as Tirana seeks a date to open EU accession talks next month.
Top lenders under pressure from watchdog after order to convert $8bn of loans to non-performing status.
The charges against Baring Vostok executives could fall apart as investigators have re-appraised the value of shares of a bank, which was central to the case.
US Secretary of State Pompeo says of Iranians: “It’s not the case you can subcontract out devastation of 5% of world’s global energy supply and think you can absolve yourself from responsibility.”
The US administration and authoritarian Belarus, headed by Alexander Lukashenko, Europe's longest-ruling head of state, have agreed to "prepared to exchange ambassadors as the next step in normalising our relationship"
The quality of life in Czechia has overtaken that in the US, according to a new survey from Deloitte in cooperation with NGO Social Progress Imperative. Czech ranks 24th, the US ranks 26th
Constitutional Court ruling gives PM Viorica Danicla time to put together a new majority after the ruling coalition split — but opposition leaders are still preparing for a no-confidence vote.
Riyadh presents debris it says shows Tehran at least sponsored pre-dawn strikes, Houthis stage press call to substantiate their military capabilities.
Saudi Arabia has already restored 2mn barrels per day (bpd) of oil production from the 5.7mnbpd that were knocked out by last weekend’s drone and missile attack on its largest production facilities at Abqaiq and Khurais.