Finance & Economics

World Bank Supports Strengthening of Public Financial Management and Improvement of Road Conditions and Safety in Albania

The World Bank Group’s Board of Executive Directors approved two projects for Albania totaling Euro265.9 million (US $306.7 million equivalent): Euro200million (US $226.7 million equivalent) for the Public Finance Policy Based Guarantee, and Euro65.9...

100 UK councils set to freeze Council Tax as authorities sit on £30 billion

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European Central Bank and Bank of England announce measures to enhance financial stability in relation to centrally cleared markets in the EU

The European Central Bank (ECB) and the Bank of England (BoE) are announcing a series of measures aimed at enhancing financial stability in relation to centrally cleared markets within the EU on 29 March.

ECB and central banks in the Western Balkans complete EU-funded cooperation programme

The European Central Bank (ECB), together with national central banks of the European System of Central Banks (ESCB) and the European Commission today completed a cooperation programme with Bank of Albania (BoA), the Central Bank of the Republic of...

Repayment of £2.6 billion historical debt to be completed by UK government

UK Chancellor of the Exchequer, George Osborne, is announcing that the government will redeem the last four undated bonds in the government’s portfolio, completing the repayment of £2.6 billion of historical debt on 27 March 2015.

UK cash boost for software developers

UK government has invested nearly £500,000 to support small software developers to produce new and innovative ways to use data to tackle health and social care problems through the Midata Programme.

The EU milk sector prepares for the end of milk quotas

The EU milk quota regime comes to an end on March 31, 2015. First introduced in 1984 at a time when EU production far outstripped demand, the quota regime was one of the tools introduced for overcoming these structural surpluses. Successive reforms of...

IMF and China's Ministry of Finance Sign Agreement on Strengthening Fiscal Institutions and Capacity Development

A new initiative launched this week marks an important milestone in the area of technical cooperation and training between the International Monetary Fund (IMF) and the Chinese Ministry of Finance in support of a comprehensive package of reforms....

World Bank to Support Youth Employment and Skills Development in Côte d'Ivoire

The World Bank Group’s Board of Executive Directors approved US$50 million in continuing support to Côte d’Ivoire’s effort in promoting employment opportunities and skills training programs for the youth population on March 26.

Gabrielius Landsbergis: "Sanctions against Russia are already bearing fruit"

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Gabrielius Landsbergis