July 30, 2002
By Christopher Deliso The Black Sea Trade and Development Bank’s stated mandate ˆšÂ¢Â¬Ã„” of promoting trade, job creation and, when possible, environmental improvements ˆšÂ¢Â¬Ã„” is well attested in the 2001 Plovdiv project.Until recently, the biggest polluter in Plovdiv, Bulgaria, was the Kombinat za Czetni Metali S.A. zinc smelter. Everything near this state-owned monstrosity stank of [...]
July 29, 2002
By Christopher Deliso Its headquarters are in Greece, while its president is Turkish and its current vice-presidents are Russian, Romanian and Ukrainian. As an exercise in political parity, the Black Sea Trade and Development Bank is unsurpassed. As a multi-national banking institution, the Black Sea Trade and Development bank isn’t doing so bad, either. Since [...]
July 11, 2002
By Christopher Deliso Just as the rest of Europe is embracing the new common currency, Serbia is leaving the eurozone. As of July 1, customers must make transactions exclusively with the national currency, the Yugoslav dinar. While seemingly another example of the insularity and intransigence that have characterized Serbia’s economy since the 1990s, economic planners [...]
