The Latvian government is getting nervous about the level of lending coming from Swedish banks. According to the Financial Times, “Latvia’s prime minister has warned Swedish banks they risk choking off recovery in the Baltic state’s crisis-hit economy unless they resume lending.”
The Latvian authorities are complaining, it seems, that banks [...]
Business expectations clearly spell another tough year lying ahead for Bulgarian companies, Roland Berger Strategy Consultants said.
Despite first improvements, small growth rates in 2010 will not compensate for the high declines of 2009, the international consulting company said in a survey entitled The Road to Recovery in Central and Eastern Europe (CEE).
The [...]
“In my view … it is impossible to understand this crisis without reference to the global imbalances in trade and capital flows that began in the latter half of the 1990s.”
* Compared with the average quarterly value of GDP in 2007-08, the first two quarters of 2009 are down in nominal terms [...]
The Ukranian Cabinet of Ministers sees continued cooperation with the IMF as the nations main anti-crisis program.
“We believe that continuing cooperation with the IMF is necessary to make it through to the end of the presidential campaign. This is a political stage for stabilizing the political situation in Ukraine and for overcoming the financial [...]
With total trade volume between Turkey & Egypt expected to reach $3.5 billion by the end of the year Turkey’s Trade Minister, Zafer Çağlayan has announced a target to increase this figure to $10 billion within three years.
Delivering the opening speech at the Turkey-Egypt Business Forum on Tuesday on the topic of “New Cooperation Opportunities [...]
Having experienced a poor summer season, with earnings and bookings down, Bulgaria’s tourism industry will be using the winter months to review the situation and find a solution.
There have been varying reports on the scale of the downturn in the sector, with the state seeking to adopt a positive interpretation of the industry’s performance [...]
Concerns are growing that Romania’s political crisis, which has seen something of a vacuum develop after the fall of then Prime Minister Emil Boc’s government, could impact on the country’s capital markets, harming investor sentiment and blocking the inflow of much-needed funds to the economy.
Though the ousting of Boc’s coalition government after it lost [...]
Though there have been marked improvements across Turkey’s educational infrastructure, the system needs further investment and development to meet the growing demands being placed upon it by the market.
Education is the single biggest budgetary outlay for the national government, with allocations regularly topping 10% of total state expenditure. For the 2010 budget, which was placed [...]
THE European bank for Reconstruction and Development recently announced that it will support the development of private businesses in the agriculture sector in Turkey with a credit line in Turkish lira for micro and small enterprises (MSEs).
Micro and small businesses represent a major part of the Turkish economy, accounting for a large proportion of [...]
The European Commission launched on Wednesday disciplinary proceedings against nine EU members, including Slovenia, over their failure to keep their budget deficits below the 3% GDP limit set by the eurozone Stability and Growth Pact.
Starting what it terms the Excessive Deficit Procedure, which is meant as a formal warning to curb borrowing, cut spending [...]