World Bank

Turkey plans to build an organized industrial zone in the Palestinian city of Jenin in the West Bank, according to a new memorandum of understanding.

Turkish Science, Industry and Technology Minister Fikri Işık and Palestinian Deputy Prime Minister and National Economy Minister Mohammed Mostafa signed the deal late on Nov. 26.

Bulgaria's State Commission for Energy and Water Regulation (DKEVR) does not plan to approve a new power price increase from January 1, 2015, according to DKEVR Chair Svetla Todorova.

BELGRADE - Serbian Prime Minister Aleksandar Vucic talked over phone with his Moldovan counterpart Iurie Leanca about improvement in the bilateral political and economic cooperation.

Vucic and Leanca exchanged opinions on the EU integration processes of both countries, the Serbian government's press office stated.

"EU can't be bogeyman for Orthodox nations"

BELGRADE -- Serbian Prime Minister Aleksandar Vučić said on Wednesday that the EU "is not and cannot be a bogeyman for Orthodox nations."

He made the comment during a telephone conversation with his Moldavian counterpart Iurie Leanca.

Bulgaria's Energy Minister Temenuzhka Petkova has vowed a comprehensive audit of the sector to establish the financial gap and identify ways of overcoming it.

Premier Victor Ponta reiterated on Wednesday that the 2015 draft budget will be adopted at the December 10 Government meeting, arguing that a "balanced" budget formula can be reached for next year, given the growth of economy and budget revenues.

Prime Minister Victor Ponta on Tuesday said Romania's national budget will be unveiled to Parliament on December 10.

Climate change could undermine efforts to defeat extreme poverty around the globe, the World Bank warned Nov. 23.

In a new report on the impact of global warming, the bank said sharp temperature rises would cut deeply into crop yields and water supplies in many areas and possibly set back efforts to bring populations out of poverty.

BELGRADE - Serbian Minister of Labour, Employment, Social Affairs and veteran Care Aleksandar Vulin stated on Wednesday that representatives of the World Bank (WB) expressed readiness to back programmes aimed at encouragement of employment in Serbia.

BELGRADE - Serbian Prime Minister Aleksandar Vucic has said that the talks with the International Monetary Fund (IMF) delegation will finish on Thursday, and that Serbia is only a step away from reaching a three-year precautionary arrangement with that international financial institution.