United Nations

Credit line only open to Greece if it meets economic targets, sources say

Greece will only be able to access to a precautionary credit line, currently being discussed between Greek government officials and their eurozone counterparts, if the country finds itself locked out of capital markets, according to sources in Brussels where a European Council summit was in progress on Friday.

IMF urges Greece to maintain financial lifeline

The International Monetary Fund urged Greece on Thursday to maintain a financial lifeline with the crisis lender even as it nears exiting the $300 billion IMF-EU-European Central Bank bailout program.

IMF Managing Director Christine Lagarde acknowledged Athens's stated desire for an early exit of the rescue program, which had imposed harsh austerity and reforms on the country.

Bulgaria’s Caretaker Govt Adopts Declaration of EU, Switzerland on Corporate Taxation

Bulgaria's caretaker government has adopted a joint declaration of EU Member States and Switzerland on corporate taxation.

The countries agree on the positive effects of fair competition in the declaration.

Apart from that, the signatories to the declaration agree to work to guarantee competitiveness on an international scale, according to reports of econ.bg.

European Commission: Serbia makes further progress

BRUSSELS - Serbia has made further progress in the field of EU integration over the last year, but additional efforts are needed for putting reforms in place, primarily in the fields of judiciary, the fight against corruption and the normalization of relations with Pristina, the European Commission (EC) notes in its annual progress report that was presented in Brussels on Wednesday.