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U.S. Businesses Report Growing Optimism about National and Local Economy

Thursday, April 24, 2014
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World Bank helps Bosnia and Herzegovina Improve the Management of its Forest Resources

17/01/2014 13:38 (96 Day 13:10 minutes ago)

The FINANCIAL -- The World Bank’s Board of Executive Directors today approved a US$5.58 million Global Environment Facility (GEF) grant for the Sustainable Forest and Landscape Management (SFLM) Project for Bosnia and Herzegovina (BiH), to improve forest management of some 3,000 hectares, demonstrating modern techniques that reduce the vulnerability of forests to drought, fires, and pests, according to The World Bank Group.



The Project aims to ensure that forests and associated natural landscapes, which are important for the country’s economic development, are managed sustainably. Moreover, the project will specifically target those landscapes vulnerable to ongoing degradation or to escalated impacts from climate change, such as fire risks. In total, all of the country's forests (some 2 million hectares) will benefit as the techniques can be used by forest companies and communities to stave off future climate change threats.

“Improved sustainable forest and land integrated management will help to protect not only the forests of the country, but also the current and future jobs in the forest sector, while maintaining a sound resource base for local manufacturing and exports to a global market,” said Anabela Abreu, World Bank Country Manager for BiH. “As the country has an immense forest landscape from the coast to the mountains, the project ensures that benefits will be realized throughout the rural economy,” Abreu.

The World Bank portfolio of active projects in BiH now includes 10 operations totaling approximately US$417 million.  Areas of support include agriculture, environment, health, social safety and employment, local infrastructure, and private sector development.



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“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (10:10 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.



Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (4 Day 13:08 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

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