Recent Posts

Macedonians’ Household Debt Jumps In ’08

At the end of 2008 Macedonians owed around 1.0 billion euros to banks in mortgage, business and other household loans, an equivalent of 500 euros for each of the country’s two million people, local media say. This marks a significant increase from last year’s average indebtedness of an estimated 337 …

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Romania Starts Receiving Russian Gas

The import of Russian natural gas resumed Wednesday morning, after it was halted for two weeks, Romania’s state-owned pipeline operator Transgaz said. Russia’s Gazprom cut off natural gas supplies on January 7 due to economic disagreements with Ukraine. Ukraine is the main transit route for Russian gas pipelines to the …

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Gas Crisis Over – Bulgaria Minister

Bulgaria’s Minister of Energy and Economy Petar Dimitrov said on Wednesday that the austerity measures in natural gas consumption would be lifted after Russia and the Ukraine resolved their gas pricing dispute. . “We have gas, the crisis is over”, the Minister declared explaining all technical conditions to do away …

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Iraq religious parties may face election backlash

BAGHDAD (Reuters) -When Iraqis last voted in 2005, some in Washington feared the mainly Muslim nation would veer in the direction of Iran, an Islamic theocracy, instead of becoming the moderate democracy they envisioned for post-Saddam Iraq. The question when Iraqis elect new provincial leaders on January 31 will be …

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Obama calls Mideast leaders, pledges engagement

WASHINGTON (Reuters) – U.S. President Barack Obama phoned leaders in Egypt, Israel, Jordan and the Palestinian Authority on Wednesday to promise that he will actively engage on Arab-Israeli peace efforts, the White House said. “He used this opportunity on his first day in office to communicate his commitment to active …

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