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Bulgarian Finance Minister Claims Surplus

Despite the gloomy predicament of the global financial crisis, Bulgaria is predicting to have a 1 per cent budget surplus in 2009. Plamen Oresharski, Bulgarian Minister of Finance, Plamen Oresharski, is assuring the International Monetary Fund and the World Bank of a 1 per cent surplus, during his meeting with …

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Saudi Recognition of Kosovo Likely Uninfluential

Saudi Arabia’s recognition of Kosovo’s independence is unlikely to influence other Islamic countries, experts claim. Christian Le Mière, Editor of Jane’s Intelligence Review and a senior foreign affairs expert, told Balkan Insight that there is little chance that Riyadh’s decision will result in a flurry of recognitions from neighbouring states. …

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Bulgaria Aims to be Energy Leader

Bulgarian PM at a forum on energy speaks about Bulgaria’s potential to become market leader in energy and natural gas industry. Bulgaria is beginning to see itself and the potential it has to become the main distributor of natural gas for the entire Southeastern Europe and the Black sea region. …

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Russia`s Medvedev Dismisses Military Spy Chief

President Dmitry Medvedev has dismissed the head of Russia’s powerful military intelligence service, the Kremlin said on Friday. The Kremlin said Medvedev had signed a decree to dismiss Valentin Korabelnikov, a 63-year-old spymaster at the helm of the military intelligence service since 1997. The Kremlin gave no reason for the …

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Russia in Fresh Hunt for Chechnya Rebels

Russia launched fresh counter-terrorist operations in at least three districts of Chechnya on Friday just over a week after it ended a similar mission across the whole region, news agencies reported. Chechnya’s pro-Kremlin leader, Ramzan Kadyrov, last week declared victory in a war against rebels after the Kremlin lifted security …

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