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.

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. 

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.

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.

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.

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