International Bank for Reconstruction and development
Moldova Economy Grows Faster Than Eurozone Average
Moldova's economy grew by 4.5 per cent in 2017 - well above the eurozone average of about 2 per cent - as the country's foreign debt decreased slightly, a report released by the Ministry of Finance in Chisinau showed on Monday.
At the end of the December 2017, Moldova's foreign debt amounted at 1.7 billion US dollars, 19.3 per cent of the country's GDP, 2 per cent less than in 2016.
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World Bank Group spares up to $7.5 bln financing for Turkey for next five years
The World Bank Group and Turkey have renewed their partnership with the introduction of a new Country Partnership Framework (CPF) with a substantial amount of financing line late in August.
The 2018-2021 CPF for Turkey focuses on three core areas: Growth, inclusion and sustainability, read a World Bank Group statement, which was released on Aug. 30.
World Bank approves $800 million loan for TANAP
The World Bank's board of directors approved loans of $400 million each for Turkey and Azerbaijan late on Dec. 20 for the Trans-Anatolian Natural Gas Pipeline (TANAP) project.
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Bulgaria's Georgieva Leaves EU Commission to Become World Bank CEO
EU Commission Vice President Kristalina Georgieva has said she is leaving the EU's executive body the take up a senior position at the World Bank.
The development is due to take effect as of January 02, 2017, Georgieva has said in a statement.
Her new appointment means Bulgaria will have to propose a successor.
Government Nominates C-Bank Head as Governor for Bulgaria in IMF
The government nominated on Wednesday the Governor of the Bulgarian National Bank (BNB) Dimitar Radev as Governor for Bulgaria in the International Monetary Fund (IMF).
World Bank Grants USD 1.2 B in Aid to Albania
The World Bank Group is allocating USD 1.2 B to Albania under the 2015-2019 Country Partnership Framework (CPF), the international institution has announced.
This is a substantial share of its GDP, which amounted to about USD 13.6 B in 2014 according to national statistics.
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Montenegro Debt Level Hits New Record
The state debt of Montenegro at the end of the first quarter of 2015 reached 2.44 billion euros, almost 69 percent of gross domestic product, GPD, according to data from the Ministry of Finance. The debt has risen by almost 500 million euros, or 25 per cent, in one year.
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Savings clients and banks should pay deposit insurance
BELGRADE - Serbia's Finance Minister Dusan Vujovic has said that all banks and their clients with savings accounts will have to put some of their money into the Deposit Insurance Fund in the future, adding that the fund will mostly have independent members of the management board.
Gov't adopts bill on commodities exchanges
BELGRADE - The Serbian government on Thursday adopted a bill on commodities exchanges, which introduces a legal framework for the development of commodities exchanges.
The proposed bill regulates the commodities exchange market, eliminates business risks and improves the level of legal certainty, the Serbian government's press office said in a statement.
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Amended bills on public property, tax procedure passed
BELGRADE - The Serbian parliament on Friday passed by a majority vote the amended bills on public property and tax procedure and tax administration.
Also adopted were bills confirming an agreement between the governments of Serbia and Moldova on mutual assistance in customs matters and a loan agreement between Serbia and the International Bank for Reconstruction and Development.