ecamex | E.M.E.X.

Jordan's exports rise by 14.2%

The Kingdom's exports rose by 14.2 % during the first four months of 2010 to reach JD1.36 billion compared to JD1.19 billion in the same period of 2009

GDP will drop 1 percent this year

CROATIA

The Economics Institute will soon revise its GDP growth projection this year, from a negative 0.7 percent to a negative 1 percent,

Serbia to Open Tender for Advisor in JAT Sale by End-June

SERBIA

Serbia will open a tender for an advisor in the sale of its troubled flag carrier JAT Airways by the end of June

Eurostat: Romania - the fifth EU economic contraction in Q1

ROMANIA

According to Eurostat, euro zone's GDP recorded a modest 0.2% increase in the first 2010 quarter, similar to the average EU states' growth.

Montenegro's Jobless Rate Rises to 12.13% in Early June from 10.56% Yr-ago

MONTENEGRO

Montenegro's jobless rate rose to 12.13% at the beginning of June from 10.56% a year ago

SEE Still Susceptible To High-level Corruption, Needs Regional Anti-graft Policy

SOUTH EASTERN EUROPE

Southeast European (SEE) countries need a regional anti-graft policy as they still face high-level corruption despite prominent efforts to fight it and reform their judiciaries

Egypt's FDI seen at $7.5bn in 2009/10

EGYPT

Egypt could attract $7.5 billion in foreign direct investment (FDI) in the fiscal year 2009/10 and the figure could reach $10 billion in 2010/11,

Russia says may build nuclear power plant in Syria

SYRIA

Russia may help build a nuclear power plant in Syria, Russia's energy minister said on Tuesday, a step that could upset the West due to unresolved allegations Damascus tried to construct a potential nuclear weapons facility in secret.

Egypt eyes doubled exports to LE 200 bln by 2013

EGYPT

Egypt aims to boost its exports to Jordan and some Gulf countries as one step towards a goal of doubling its global exports by 2013

Gazprom Swaps Bulgaria for Romania in South Stream

BULGARIA

Gazprom is already technically prepared to drop Bulgaria and to pick Romania for its South Stream gas transit pipeline project

Serbia, IMF Agree on 4.0 Bln Euro Cap on FX Interventions

SERBIA

Serbia and the International Monetary Fund have agreed that the country's central bank would spend no more than 4.0 billion euro ($4.8 billion) to back the flagging local currency, the dinar

BSE to list shares this week

ROMANIA

The board members of the Bucharest Stock Exchange agreed to list the shares of the stock exchange on Tuesday, June 8,

SEE Integrated Electricity Market Likely in 10 Years

SOUTH EASTERN EUROPE

Southeast European countries could set up an integrated electricity market in six to ten years with unharmonised congestion management schemes remaining the main challenge.

Egypt GDP growth could hit 5.3pc in 2009/10

EGYPT

Egypt said on Wednesday its economy could grow 5.3 per cent this fiscal year following last quarter's better-than-expected performance and could expand next year faster than previously forecast.