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Romania Plans to Bolster Army After Budget Hike

Romania's Defence Ministry presented its 2016 activity report under intense scrutiny concerning how it intends to spend its new increased budget.

Defence Minister Daniel Les said Romania's armes forces remained in urgent need of new equipment due to under-funding over several years.

In 2016, Romania bought its first F-16 Fighting Falcon jets, he noted.

Croatia also wish to "contain Russia"

Croatia will this year send a battery of multiple rocket launchers to Poland, and 120 soldiers and eight armored vehicles to Lithuania next year.

They will be taking part in the military deployments dubbed "Operation Enhanced Forward Presence," led by Americans and headquartered in Orzysz, Poland, and in Rukla, Lithuania, Sputnik is reporting.

Greece among only 3 NATO members that pay their share

Despite it being on the verge of bankruptcy, Greece is one of the 3 countries among the 28 NATO members-states that covered the 2% limit of GDP on military spending in 2016, in accordance to the military alliance’s provisions. The other two countries in the North Atlantic alliance that covered the 2% quota were the US and Estonia.

Serbia knock Estonia out of FED Cup

TALLINN - Serbia defeated Estonia 2-1 in Round 1 of the Euro/African Zone Group I of the Fed Cup on Wednesday.

Serbia won after over two hours of play in the doubles match, in which Ivana Jorovic and Nina Stojanovic overcame Anett Kontaveit and Maileen Nuudi 6-4, 1-6, 7-5.

Tanjug file photo, T. Valic

Full article available to Tanjug subscribers

Coface Improves Bulgaria's Risk Rating

Bulgaria's rating is upgraded from B to A4, in a 2017 forecast of Coface the global trade credit insurer.

Bulgaria is one of six European countries whose assessment has been upgraded in the quarterly update to its assessment for 160 countries.

The recovery "is confirmed thanks to moderate growth and the continued consolidation of the banking sector there."

State Debt Decreases in EU, Bulgaria in Q3 2016

State debt in the entire European Union and the Euro zone has decreased as a percentage of GDP in the third quarter of 2016, showed Eurostat data.

The level of state debt in Bulgaria also marked a drop, compared to the second quarter, in spite of the fact that debt increased on an annual basis (compared to the third quarter of 2015).

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