World
Greece secures next bailout tranche
Greece's European creditors agreed to give the cash-strapped country the next batch of money due from its bailout and outlined a series of debt relief measures they hope will foster growth.
Jeroen Dijsselbloem, the eurozone's top official, said Greece has been cleared to get 8.5 billion euros ($9.5 billion), which will allow it to meet a big repayment hump this July.
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Tsipras, Netanyahu, Anastasiades in energy deal
Greek Prime Minister Alexis Tsipras, his Israeli counterpart Benjamin Netanyahu and Cypriot President Nicos Anastasides on Thursday agreed to speed up plans for an ambitious Mediterranean undersea natural gas pipeline project and to seek to boost trilateral cooperation and stability in the region.
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Greece-Israel-Cyprus trilateral Summit end with Greek, Israeli, Cypriot leaders’ statements
“Greece is gradually emerging from an extended crisis with the aid of countries, which in collaboration with Greece, look forward to stability and security in the wider region, as well as common steps of progress”, Greek PM Alexis Tsipras said in a statement after the Greece-Cyprus-Israel Trilateral Summit in Thessaloniki on Thursday. Mr.
EC: Serbia expected to see stable growth over next two years
BRUSSELS - The European Commission expects Serbia's economic growth to stabilise over the next two years as, in 2016, the economy expanded 2.8 pct faster than expected.
This is one of the conclusions of a yearly overview and country assessments of 2017-2019 Economic Reform Programmes of the Western Balkan countries and Turkey, issued by the European Commission.
Turkish Central Bank keeps rates unchanged
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New Thermal Power Plants in the Balkans Do Not Meet EU Standards
The majority of Western Balkan countries rely on thermal power plants and many of the new plants which are being built do not comply with the newly approved EU standards for environment protection, the Independent Balkan News Agency reported.
Balkan EU States Drop Roaming Fees
Mobile phones users all over the EU, which includes Bulgaria, Romania, Greece and Croatia, will benefit from new "roam like at home" rules from Thursday, when new pan-European rules enter into force. The new rules were agreed by the European Parliament and the Council in January.
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Shipowners to extend their voluntary tax pay into 2018
Greek shippers intend to discuss the extension of their voluntary economic contribution to the state into 2018 in the context of an extraordinary general meeting of the Union of Greek Shipowners (EEE) scheduled for June 26.
EU launches legal action against 3 countries over refugees
The European Commission launched on June 14 a legal action against the Czech Republic, Hungary and Poland for failing to respect their commitment to take in refugees.
Turkish defense industry grows over 20 percent in 2016
The United States and Europe were Turkey's top destinations for military exports last year with sales worth $585 million and $450 million, respectively, as the Turkish industry grew by over 20 percent last year, according to a defense industry report late on June 13.