Labor

Troika pushing for lower salaries


 Lenders want public sector pay to drop and no automatic minimum wage rises A man reads the headlines of newspapers hanging from the awning of a kiosk in central Athens on Friday.

The troika has asked Greece to lower wages for new civil servants and to remove automatic pay rises for Greeks earning the minimum wage in the private sector, Kathimerini understands.

Serbia is not close to bankruptcy

BELGRADE - Minister of Finance Lazar Krstic has said that the predictions about Serbia going into bankruptcy should it fail to save EUR 400 million are exaggerated and will not become a reality, but that the budget deficit has to be smaller, which is one of the goals of Serbia's economic recovery.

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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