Romania’s PM Resigns

BUCHAREST ROMANIA - June 29 2017: Romanian Prime Minister Mihai Tudose during a swearing-in ceremony at Cotroceni palace in Bucharest capital of Romania June 29 2017.

Romania has lost its second prime minister in little more than six months. Mihai Tudose resigned on January 15 after the ruling Social Democrats (PSD) voted overwhelmingly at a meeting of its executive committee to withdraw support for his government. The PSD removed their previous prime minister, Sorin Grindeanu, with a vote of no-confidence in parliament in June 2017.

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Japanese PM Announces Western Balkans EU Initiative

TOKYO JAPAN - Apr 06 2016: Japanese Prime Minister Shinzo Abe during his meeting with President of Ukraine Petro Poroshenko in Tokyo

Japanese Prime Minister Shinzo Abe continued a six-day visit to the Baltics and the Western Balkans with a stop in Sofia on January 14, where he met with his Bulgarian counterpart Boyko Borisov. The two men agreed to to continue working towards the early implementation of the Japan-EU free trade agreement. Bulgaria took over the rotating six-month presidency of the European Council on January 1.

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Georgia to Develop Rural Fibre-Optic Network

Young man working on his laptop connect to wireless internet in rural area. Internet connection allows people to work anywhere from laptop. Notebook and nature background. Wireless technology concept.

The Georgian government has promised to develop a fibre-optic internet network in its more remote regions. Minister of the Economy and Sustainable Development Dimitri Kumsiashvili said that bringing reliable, high-speed internet to predominantly rural areas is one of the most important projects currently being undertaken by Georgia’s Innovation and Technology Agency.

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Bulgaria Keen on Euro Adoption

FRANKFURT GERMANY - MAY 16 2014: Euro Sign. European Central Bank (ECB) is the central bank for the euro and administers the monetary policy of the Eurozone in Frankfurt Germany.

Bulgaria’s Finance Minister Vladislav Goranov has suggested that the Balkan country is ready to join the eurozone, and that it will take its first steps along the road to adopting the single currency this summer. Mr Goranov told assembled journalists in Sofia on January 11 that Bulgaria will “most likely apply in the first semester” to join the EU Exchange Rate Mechanism (ERM II), the successor to ERM which helps non euro-area countries prepare themselves for participation in the euro area. The convergence criterion on exchange rate stability requires participation in ERM II.

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Georgia’s Sweetest Export Targets EU & Japan Expansion

Kiwi fruits growing on the branch on autumn

Since Georgia began exporting kiwifruit to the European market just over two years ago, it has become one of the country’s most productive and profitable exports. With a kilo of kiwifruit selling for around 1.20 euros, the fruit has proven to be a good earner for producers. Exports – currently at around 100 tons per year – are expected to increase, not least as the Japanese market is now being targeted. Continue reading Georgia’s Sweetest Export Targets EU & Japan Expansion