Workers in Croatia earn only a quarter of the average hourly wage in the European Union, according to the country’s statistics bureau.The gross hourly rate in Croatia is just 6 euro, four times less than the EU average, five times less than the rate in Germany and Austria and half …

The organisation Global Financial Integrity has ranked Serbia worst of all Balkan countries when it comes to illegal financial flows.About 5 billion dollars worth of money has “disappeared” every year in Serbia from 2001 to 2010 through illegal financial flows, the research and advocacy organisation Global Financial Integrity says. It …

Thousands of Romanians are to be affected by the controversial plan to tax savings held in Cypriot banks.Some 40,000 Romanians who live and work in Cyprus could be hit by the controversial plan to tax bank deposits in order to fund a bank bailout. “All Romanians here will be affected. …