International Monetary Fund

Russia Is In Recession – IMF

Russia is experiencing recession, and the 2014 growth forecast has been cut to 0.2% from 1.3%, the International Monetary Fund mission chief to Moscow said on Wednesday.

Ukraine and Western-led sanctions are partly to blame, as political tension has dragged down the economic forecast for Russia, which at the beginning of the year, the IMF estimated could reach 3%, reports

Ashton Congratulates Serbia's New Leaders

Catherine Ashton, EU foreign policy chief, met Serbia's new Prime Minister and Foreign Minister, Aleksandar Vucic and Ivica Dacic, in Belgrade on Monday.

“I am absolutely delighted that I was able to make a special visit to Serbia today, to have the opportunity to congratulate you in person and to talk about the work that lies ahead,” she said.

Lagarde, Merkel to meet in Washington on May 2 for talks on eurozone, Greece

International Monetary Fund chief Christine Lagarde is to meet with German Chancellor Angela Merkel on May 2 in Washington for talks expected to focus on the broader economic situation in the eurozone in general and to touch on the Greek economy and on the prospects for a launch of talks on lightening Greece's debt burden.

Coalition aims for surplus boost

The European Commission’s statistical arm, Eurostat is expected to confirm on Wednesday the size of Greece’s 2013 primary budget surplus, which the government hopes will further boost its argument that it made the right decision to stick with the fiscal adjustment program agreed with the eurozone and International Monetary Fund.