Monday, January 24, 2011

Linked2Balkan news, the 24th of January 2011 edition

This summer Jat is preparing to significantly increase frequencies to many of its destinations on top of introducing new services. This summer, the Serbian carrier will serve Athens daily. The service was recently increased from 3 to 4 per week as it tries to fill the void left by Aegean Airlines’ suspension of the route.
The current recession as well as the continued political unrest have been fueling the negative economic performance of Hungary, Bulgaria and Croatia, with a direct impact on the luxury markets. Hungary’s unpopular government has been taking controversial measures.
Freezing the budget as demanded by some countries would be “very dangerous” as the EU needs greater investments to overcome the economic crisis, said European Parliament President Jerzy Buzek in an exclusive interview with EurActiv.
Conventional wisdom in the financial markets says that Greece will never be able to repay its growing mountain of debt and would do better to conduct an orderly restructuring sooner rather than later. But don’t expect Athens to seek relief from its creditors any time soon. All three major credit ratings agencies have downgraded its sovereign bonds to junk.
EU-funded scientists have successfully demonstrated a road train technology that could boost road safety and driver comfort while cutting congestion and carbon emissions. In the system, the driver of the lead vehicle of a convoy controls the other vehicles.
In November 2010 compared with October 2010, the euro area (EA16) industrial new orders index rose by 2.1%. In October3 the index grew by 1.4%. In the EU271, new orders increased by 1.6% in November 2010, after a rise of 0.4% in October.
Sibenik is located on the Croatian coast some 80 km north of Split. Positioned in a deep bay it has one of the most naturally-protected harbours on the Adriatic coast. It is a very popular coastal tourist destination offering access to two national parks (Krka and Kornati), ferry access to the neighbouring islands.

Second Development Loan (DPL2) to Romania Worth €300 Million Approved by World Bank Board

The World Bank’s Board of Executive Directors approved an IBRD loan worth of €300 million for Romania, during its meeting on January 20. The loan is a single tranche development policy loan (DPL), named the Public Financial Management, Social Protection, and Financial Sector Strengthening Program.

No comments:

Post a Comment