News

26Oct2015

Romania’s central bank kept its main interest rate unchanged for the first time in eight months, halting a series of cuts after the currency plunged because of increased political risks. The political turmoil in the…

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26Oct2015

DTEK, Ukraine’s largest private coal and power producer, won a bid to buy a 45% stake in power producer and distributor PAT Krymenergo. Ukraine’s state property fund sold the stake in Krymenergo to DTEK for…

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26Oct2015

Enel SpA (ENEL), Italy’s largest utility, plans to invest about 750 million euros ($990 million) in Romania’s power distribution network in the next five years. The Rome-based company, which operates Romania’s grid through a series…

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26Oct2015

Small and medium-sized enterprises (SMEs) create 90% of the employment in Bulgaria, according to Svetla Kostadinova, CEO of the Institute for Market Economy (IME). Speaking at a press conference on Thursday, Kostadinova explained that SMEsaccounted…

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26Oct2015

Six memorandums were signed at the first international investment forum in Kyiv regarding the intention to implement investment projects worth over UAH 30 billion (EUR 2.8 billion), the press service of Kyiv City State Administration…

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26Oct2015

No decision on Bulgaria and Romania’s bids to enter the Schengen Agreement will be taken earlier than September, BNR reported. “It is agreed that the council should revert to the issue of Bulgaria and Romania’s…

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26Oct2015

Ukraine’s debt, including state guarantees, increased 0,4 percent in January 2012, the Finance Ministry said. Debt grew to $59,48 billion as of Jan. 31 from $59,22 billion a month earlier, the ministry said today in…

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26Oct2015

VTB Capital Plc, Russian investment bank, plans to invest “several hundred million euros” in the southeast European countries in the next few years, the bank’s chief executive said. They opened an office in the Bulgarian…

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26Oct2015

Lithuanian Foreign Minister said he would make visa-free travel for Ukrainian citizens travelling to Europe a priority when his country takes over the rotating EU presidency in the first half of 2013. But he admitted…

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26Oct2015

When Romania and Bulgaria joined the EU on 1 January 2007, shortcomings remained regarding judicial reform and the fight against corruption. In the case of Bulgaria, problems also remained regarding the fight against organized crime….

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