World Bank
Obama woos Africa with billions of dollars in deals
President Barack Obama announced billions of dollars in investment for Africa on Tuesday, as the United States challenges China and Europe's leading roles in the continent's economic emergence.
Serbia's New Finance Minister Unveils Reform Plan
Serbia's new Finance Minister, Dusan Vujovic, has presented a plan for the country's economic revival, based on stricter control of public spending, the fight against the "grey" economy, better rates of tax collection and reducing the costs of public companies.
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Yordan Hristoskov, Caretaker Deputy PM for Social Policy
Yordan Hristoskov has been appointed caretaker Deputy Prime Minister in charge of social policy and caretaker Minister of Labor and Social Policy.
Professor Yordan Hristoskov is part of the Macroeconomics department of the Institute of Economics at the Bulgarian Academy of Sciences.
Construction permits to be issued in 28 days
BELGRADE - The amendments to the Law on Planning and Construction due to be adopted in early September will make room for procurement of construction permits within 28 days and introduce a special counter for investors, Serbian Deputy Prime Minister Zorana Mihajlovic stated on Monday.
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Dacic on Dusan Vujovic as candidate for finance minister
BELGRADE – Serbia’s First Deputy Prime Minister Ivica Dacic Monday called on members of the Serbian parliament to support Dusan Vujovic in becoming new finance minister.
Verheijen: Budget support loan only after deal with IMF
BELGRADE - World Bank (WB) Country Manager for Serbia Tony Verheijen has said that it is currently the WB's priority to secure a USD 300 million loan for Serbia's flood recovery, and noted that a budget support loan cannot be granted without the Serbian government's agreement with the International Monetary Fund (IMF).
Contract on Kozloduy NPP Unit 7 May Harm Arbitration over Belene NPP
An energy expert has said that the agreement with US Westinghouse on Kozloduy NPP's unit7 erodes Bulgaria's position in the arbitration case with Atomstroyexport over Belene NPP.
Westinghouse Electric announced on Friday that it had completed a shareholder agreement for an AP1000 unit at the Kozloduy NPP.
Serbia considers law to speed up privatisation
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WB expert: Public company directors need to be dismissed
BELGRADE - The directors of public companies need to be dismissed and the management should be entrusted to professionals who will make the companies profitable, said the World Bank chief economist for Serbia Lazar Sestovic.
Serbia's public companies continue to generate losses and request aid from the budget, Sestovic told the Radio and Television of Serbia.
Turkish families borrowing at a level more than half of their assets
There is a culture of household borrowing that was of unseen and unheard dimensions before 2003. Banks give a third of their credit to individuals Turkey, with its state, corporations and individuals, has rapidly learned how to borrow in recent years - something it had previously been avoiding as a culture.