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Latest Business News from the Balkans

romania-bulgarians-at-great-risk-of-modern-slavery-experts-warn-08-16-2017
17 Aug 17

Modern Slavery Risk Highlighted in Bulgaria, Romania

A newly published index names Romania and Bulgaria as two of the five EU countries where the risk of modern slavery is highest – alongside Greece, Italy and Cyprus.

romania-s-economy-speeds-up-to-fastest-growing-in-the-eu-08-16-2017
16 Aug 17

Romania’s Economy Named EU's Fastest Growing

Romania’s economy grew by a healthy 5.9 percent in the second quarter of the year, pushing its GDP to its highest level in 12 months. 

popular-fest-cancelled-over-deputy-pm-s-disco-raids-in-bulgaria-08-15-2017
15 Aug 17

Bulgarian Festival Cancelled Amid Nightclub Crackdown

SOLAR Summer, a popular electronic music festival at Bulgaria’s Sunny Beach resort, has cancelled its 2017 edition, fearing it might be targeted as part of deputy PM Valeri Simeonov’s ‘war on noise’.

bulgarian-government-s-night-club-raids-spark-controversy-08-14-2017
15 Aug 17

Bulgarian Deputy PM’s Disco Raids Spark Backlash

Bulgaria’s deputy premier Valeri Simeonov, who led raids on nightclubs in the Black Sea resort of Sunny Beach in which a popular DJ was arrested, has caused controversy with his ‘war on noise’.

balkan-mining-tycoon-detained-for-graft-in-israel-08-14-2017
14 Aug 17

Balkan Mining Tycoon Arrested for Alleged Graft

Billionaire Benjamin Steinmetz, the owner of two iron and gold mining companies in the Balkans, who is wanted by anti-graft prosecutors in Romania, has been arrested in Israel for alleged money laundering.

croatia-postpones-disputed-tax-law-after-petition-08-09-2017
09 Aug 17

Croatia Postpones Property Tax Law after Backlash

After a petition against a proposed law to introduce property taxes attracted over 130,000 signatures, the Croatian government decided to postpone its implementation.

bulgaria-extends-support-for-chinese-smart-city-near-sofia-08-08-2017
09 Aug 17

Bulgaria Backs New Chinese ‘Smart City’ Near Sofia

The Saint Sofia project, a huge, high-tech entertainment, retail, hotel and office complex funded by Chinese money, is expected to be built near Bulgaria’s capital over a three-year period.

russia-repays-bosnia-old-soviet-debt-08-08-2017
08 Aug 17

Russia to Repay Soviet-Era Debt to Bosnia

Russia is to repay $125 million to Bosnia and Herzegovina on Tuesday, finally resolving the issue of its Soviet-era debt to the former Yugoslav country.

macedonia-passes-budget-rebalance-08-07-2017
07 Aug 17

Macedonia Cuts ‘Wasteful’ Spending, Boosts Social Welfare

Macedonian MPs passed a budget rebalance that the government claims cuts unproductive spending to increase the minimum wage and support farmers, small businesses and workers at bankrupt companies.

russians-own-every-third-foreign-company-in-montenegro-08-07-2017
07 Aug 17

Russians Own Every Third Foreign Company in Montenegro

Although Podgorica’s relations with Moscow hit a new low this year when Montenegro joined NATO, almost every third foreign-run company in the tiny Adriatic country is still owned by Russians.

kosovo-seeking-for-solution-to-prevent-an-energy-collapse-08-02-2017
03 Aug 17

Kosovo Delays Action to Avert Coal Shortage

Kosovo's government has deferred a decision to expropriate houses in an area that was needed for coal mining in order to avert a potential energy crisis. 

croatia-s-trade-barrier-angers-neighbors-08-02-2017
02 Aug 17

Croatia's Raised Import Tax Angers Neighbours

Western Balkan countries have united in condemning Croatia's tax increase on imports of fruit and vegetables, with some hinting at possible counter-measures in response.

croatian-tourism-sector-needs-workers-07-31-2017
01 Aug 17

Croatian Tourist Boom Runs Short of Workers

Low quotas set for foreign workers and poor work conditions are being blamed for a labour shortage in in Croatia's otherwise booming tourism sector.

romania-joins-visegrad-states-in-eu-food-row-07-27-2017
28 Jul 17

Romania Joins Campaign Against 'Double Standards' in Food

Romania is joining a number of other Eastern European states who accuse big food retailers of using an EU loophole to sell inferior-quality products to their countries.

croatia-vouches-selling-planed-state-property-07-27-2017
28 Jul 17

Croatia Vows to Meet State Asset Sales Target

Ministry says it will meet target of pouring 128 million euros into the budget by selling state-owned property and stocks in non-strategic companies - though some economists have their doubts.

Premium

croatia-s-far-right-will-profit-from-agrokor-s-fall-08-16-2017
17 Aug 17

Croatia’s Far Right Will Profit From Agrokor’s Fall

The economic giant’s collapse could have momentous political – as well as economic – consequences, not only for Croatia but for the whole region.


02 Aug 17

Serbia’s Govt to Cash in on Sound of Music

20 Jul 17

Serbia in Two Minds Over New IMF Deal

Politics and Society

montenegrin-court-seized-marovic-s-property-08-18-2017
18 Aug 17

Montenegrin Court Seizes Marovic’s Properties

The high court in Podgorica has seized the assets of the former president of Serbia and Montenegro, and those of his family, until an investigation into how he obtained them has ended.

18 Aug 17

UN Court Ends Case Against Serbian Radical

Culture and Lifestyle

in-pictures-wildlife-snapped-in-bulgaria-s-rhodopes-mountains-08-17-2017

In Pictures: Wildlife Snapped in Bulgaria’s Rhodopes Mountains

Cameras installed by Rewilding Rhodopes Foundation in the remote mountain range are helping document wildlife activity in one of Europe’s richest environmental habitats.