ourism is an increasingly important source of revenue and driver of growth in many countries in the EBRD region, and especially in the South-Eastern Europe (SEE). Receipts from international tourist arrivals account for more than 10 per cent of GDP in several countries in SEE, with a substantial upward trend
he euro area financial system has been resilient through occasional bouts of financial market volatility in the second half of the year, according to the ECB’s latest Financial Stability Review. The twice-yearly report highlights that the likelihood of an abrupt rise in global risk premia has become more pronounced as
he delegation of Herceg Novi, Montenegrin city at the Adriatic coast, has submitted application for the European Capital of Culture 2021 to the European Commission. For this occasion, the delegation visited Montenegrin mission to the European Union. At the meeting with the chief of the mission, H.E. Ivan Lekovic and first
he Human Freedom Index presents the state of human freedom in the world based on a broad measure that encompasses personal, civil, and economic freedom. Human freedom is a social concept that recognizes the dignity of individuals and is defined here as negative liberty or the absence of coercive constraint.