International relations

USA to Deploy Extra Fighter Jets in Lithuania

The United States will send 6 additional fighter jets to Lithuania in order to reassure its Eastern European allies over increased fears from Russia's incursion in Ukraine.

The planes, which are currently at Lakenheath air base in Britain, will be positioned in the air base in Siauliai, Lithuania, US Defense officials said quoted by the LA Times.

Djukanovic to Meet US Vice-President

The Montenegrin Prime Minister, Milo Djukanovic, will meet US Vice-President Joseph Biden during a three-day visit to Washington in March, focusing on the country’s NATO ambitions.

According to the media, Djukanovic and Biden will discuss Montenegro’s aspirations to become a full member of the Atlantic Alliance at the upcoming summit scheduled for September in Wales in the UK.

IMF Grants New Loan to Romania, New Government Sworn In

Romania and the International Monetary Fund (IMF) have agreed on a USD 4 B loan to Bucharest.

The credit package deal was struck after President Traian Basescu gave his approval, as Bulgarian website Investor.bg reports.

Basescu has long resisted the agreement as it forces Romania to impose an excise tax for fuels at EUR 0.07 per liter.

Bulgaria to Not See Electricity Price Hikes in Years – Socialist MP

Socialist MP Yavor Kuyumdzhiev has assured that electricity prices in Bulgaria will not increase for years.

"Anybody may request an increase in power rates but what matters is what the State Commission for Energy and Water Regulation (DKEVR) permits, and the demands of power distributors are unrealistic," Kuyumdzhiev said Thursday in an interview for Nova TV.

IMF to help Albania make reforms

IMF to help Albania make reforms

A loan from the IMF will help Albania undertake economic reforms. Also in business news: Turkey wants to increase its 20 percent stake in the Trans-Anatolia Gas Pipeline project to 30 percent by April.

The pension system in Albania will be reformed with the help of an IMF loan. [AFP]

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