World Bank
EBRD makes $55M loan to Turkey's Garanti BBVA
The European Bank for Reconstruction and Development (EBRD) on May 20 announced a $55 million loan to Garanti BBVA, the second-largest private lender in Turkey.
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World Bank: 60 Million People Could be Pushed in Poverty Due to the COVID-19 Pandemic
The coronavirus pandemic could push as many as 60 million people into extreme poverty, the World Bank said on Tuesday.
Fertility rate in Turkey in decline, but still above European average: TÜİK
Turkey's total fertility rate, the average number of live births that a woman gives, fell to 1.88 per woman in 2019, according to data released by the Turkish Statistical Institute (TÜİK).
"While the total fertility rate was 1.99 children in 2018, it was 2.07 children in 2017. This showed that fertility remained below the population's replacement level of 2.10," TÜİK stated.
EBRD downgrades Romania's economic growth forecast in 2020
The European Bank for Reconstruction and Development (EBRD) has downgraded its estimates of Romania's economic developments in 2020 as a result of the crisis caused by the coronavirus pandemic, according to the bank's latest Regional Economic Prospects published on Wednesday.
Democracy Digest: Frustration Looms Over Western Balkans
Live: Coronavirus Updates
Pandemic Boosts Support for Europe's Autocrats
Linda Van Gelder, the World Bank's director for the Western Balkans, was unequivocal in stating that the coronavirus "is wreaking havoc on lives around the region — taxing health care systems, paralysing economic activity and undermining the wellbeing of people".
EC: Romania's economy to contract by 6% in 2020; government deficit up to 9.2% of GDP
Romania's economy is projected to contract by 6% in 2020 after many years of robust growth, whereas the general government deficit is forecast to increase to around 9.2% of the GDP in 2020, according to the European Economic Forecast - Spring 2020, published by the European Commission (CE) on Wednesday.
Heads of EU and Western Balkans Countries will Meet Virtually
Heads of State or Government of the EU and the Western Balkans will hold a video meeting to discuss the spread of Covid-19 and misinformation. The meeting is not set to set a date for the start of accession talks with Northern Macedonia and Albania, as it was originally intended, if the meeting had taken place in Zagreb.
EU Western Balkans Video Summit begins: Vucic talks with Michel, Hahn, McAllister
The virtual summit, organized by the EU Presidency of Croatia and chaired by European Council President Charles Michel, will be held from 4.30 pm to 7.30 pm.
Greece pledges 3 million euros to Covid-19 vaccine fundraiser
Greece is among dozens of nations that will help bankroll research into new treatments and a vaccination against the deadly novel coronavirus, pledging 3 million euros to the cause during a fundraising event on Monday.
Montenegrin Highway to Serbia Faces Fresh Funding Doubts
With the first section of the Bar-Boljare highway through Montenegro due to open at the end of 2020, funding for the rest of the Chinese-built road is looking doubtful due to the country's mounting debts and the global economic fallout from the COVID-19 pandemic, analysts warn.