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Serbia Offers Subsidised Loans to RS

Serbia`s economy minister Mladjan Dinkic said in Banja Luka on Wednesday that Serbia’s subsidised consumer loans will also be available in Bosnia’s Serb dominated entity of Republika Srpska, RS.

Serbia Bank Governor Cautiously Optimistic

Serbia’s central bank governor Radovan Jelasic sounded a cautiously optimistic note on his country’s economy, but warned that it is still too early to say how much time will be needed for the economy to return to where it was before the current financial crisis.

Guilty Pleas in Albania Arms Row

Two officials of Miami-based company AEY, suspected of a murky arms deals with Albanian authorities to ship Chinese-made ammunition to the Afghan army, pleaded guilty Tuesday to federal fraud charges in Florida.

Albania Govt. Panned Over EU Visa Failure

The Albanian government has come under harsh criticism from the opposition after an EU progress report said Tirana is not as close to fulfilling requirements needed to liberalise the visa regime as some of its neighbours are.

Albania Funds Parties Ahead of Election

Albanian parliamentary political parties will receive a funding boost of 65 million lek (500,000 euros) ahead of the June 28 parliamentary elections.

US Appeals To Albanians To Apply For New IDs

The US Ambassador in Tirana, John L Withers, on Monday appealed to Albanian citizens from the town of Berat to apply for new identity cards so they can vote in the June 28 parliamentary elections. The appeal follows a similar call made last week by the head of the OSCE mission, Robert Bosch.

New Trade War Erupts Between Bosnia and Croatia

All trade in poultry, live fish and beef between Bosnia and Herzegovina and Croatia has been stopped as the two countries again wage trade wars, media reported on Monday.

Kosovo Tax Collection Increases

Kosovo’s Tax Administration announces that incomes from tax collection during Jan-April 2009 are €75.8 million, €14 million more than forecast.

Fitch Ratings Lowers Outlook for Macedonia

The ratings agency Fitch Ratings has downgraded its outlook on Macedonia’s foreign currency and local currency Issuer Default Ratings, IDR, from “stable” to “negative”.

Balkan Executives Battle Crisis Over Internet

Increasing number of executives from the Balkans are taking advantage of the new social networking sites especially adjusted to their needs in order to tackle the current economic crisis that has struck their region.

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