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Wednesday, June 19, 2013
News Making Money

Kosovo to get full sovereignty in September: official

02/07/2012 06:20 (352 Day 08:01 minutes ago)

The FINANCIAL -- The International Steering Group overseeing Kosovo's independence decided Monday that the territory will acquire full sovereignty in September, Austrian Foreign Minister Michael Spindelegger said.

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"The international supervision ends as of today," Spindelegger said following a meeting in Vienna of the 25-nation ISG, which includes several EU states besides Austria as well as Turkey and the United States.

According to EUbusiness, in January, the ISG had announced that Kosovo had made such progress that the "supervised independence" could be lifted by the end of the year.

This would include the closure of the International Civilian Office (ICO) led by Dutch diplomat Pieter Feith, although the NATO -led KFOR peacekeeping force or European rule of law mission EULEX will likely remain in place.

Kosovo, a two-million-strong majority ethnic Albanian republic, has been under some form of international administration since a NATO bombing campaign ousted Serbian strongman Slobodan Milosevic's forces in 1999.

On February 17, 2008, it unilaterally declared independence from Serbia and has been recognised by 86 countries, including most EU nations.

However, it continues to face opposition from Belgrade, Kosovo's ethnic Serbs and Russia.

 

 

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Politics
PACE President invites Georgia’s political forces to develop a culture of political cohabitation

30/05/2013 18:44 (19 Day 19:37 minutes ago)

The FINANCIAL -- At the end of his official visit to Georgia, PACE President Jean-Claude Mignon has welcomed the democratic transition of power in the country following the parliamentary elections in October 2012, which were generally considered by observers to have been free and fair, according to Council of Europe.

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Markets
West looks East

15/06/2013 13:31 (4 Day 00:50 minutes ago)

The FINANCIAL -- Sluggish growth in the West is prompting many companies to look further afield for export opportunities. Emerging markets are now major importers as well as exporters and are seeing bigger increases in consumption than developed countries, according to HSBC Group. 







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