World Bank

Parliament Passes Amendments to Competition Protection Act

Bulgaria's Parliament passed at second reading amendments to the Competition Protection Act regarding the large retail chains, reports

The amendments will regulate the business relations between the large retail chains and the suppliers and will impose a number of restrictions on the chains. 

Koridori Srbije meet WB deadline, avoid loan cancellation

BELGRADE - Public company Koridori Srbije (Corridors of Serbia) managed to draw minimum 40 percent of the EUR 275.2 million loan provided by the World Bank (WB) for the construction of the road Corridor 10 before the deadline expired, and avoid the risk of loan cancellation, or even sanctions, Koridori Srbije director Dmitar Djurovic told Tanjug on Monday.

Construction Powers Strong Growth in Macedonia

The construction sector, which grew by 13.7 per cent in the first quarter of 2014, is seen as the main driver of the current growth rate, which matches official economic forecasts for the year.

The new government platform submitted by Nikola Gruevski after he won the April general elections set economic growth for this and next year at three to four per cent.