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Latest Business News from the Balkans

tito-s-ny-penthouse-opens-doors-to-potential-buyers-10-13-2017
16 Oct 17

Tito's NY Penthouse Opens Doors to Potential Buyers

A real estate agency is ready to show potential buyers the 418-square-metre penthouse apartment on Park Avenue in Manhattan once used by Yugoslav President Josip Broz Tito.

romania-no-longer-europe-s-poor-man-guardian-says-10-15-2017
16 Oct 17

Romania ‘No longer Europe’s poor Man’, Guardian Says

Leading UK paper says Romania is fast shrugging off its negative image as the economy and IT sector power ahead, despite continuing problems of corruption.

pledge-to-extend-vat-worries-albania-s-small-businesses-10-12-2017
12 Oct 17

Pledge to Extend VAT Worries Albania’s Small Businesses

Government plans to extend VAT to small businesses – to curb the informal economy – have left many of them fearful about the future. 

croat-clothing-brand-profits-from-tito-nostalgia-10-12-2017
12 Oct 17

Croat Clothing Brand Profits From Tito Nostalgia

A new Croatian urban clothing company is turning the slogans and emblems of the long-gone communist era into a fashion statement.

agrokor-s-state-manager-criminally-reports-todoric-10-09-2017
09 Oct 17

Agrokor Manager Files Crime Charges Against Todoric

After revealing all the debts owed by Croatia's troubled economic giant, Agrokor, the company's state-appointed manager has confirmed filing a criminal charge against the former management, including the owner, Ivica Todoric.

agrokor-manager-files-crime-charges-against-todoric-10-12-2017
09 Oct 17

Agrokor Manager Files Crime Charges Against Todoric

After revealing all the debts owed by Croatia's troubled economic giant, Agrokor, the company's state-appointed manager has confirmed filing a criminal charge against the former management, including the owner, Ivica Todoric.

tirana-starts-the-skyscrapers-construction-era-10-05-2017
06 Oct 17

High-Rise Boom Transforms Albanian Capital's Skyline

Prime Minister Edi Rama is getting closer to realising his dream of dotting the skyline of Tirana with a forest of skyscrapers - whose economic need is questionable, critics say.

agrokor-s-financial-report-shows-massive-losses-10-05-2017
05 Oct 17

Financial Report on Croatia's Agrokor Reveals Huge Losses

A revised financial report for Croatian giant Agrokor’s major subsidiaries showed that the former management’s financial accounts understated their losses by 250 million euros in 2015.

bulgaria-boosts-efforts-against-eu-double-standards-in-foods-10-02-2017
02 Oct 17

Bulgaria Pushes EU Over Food 'Double Standards'

Bulgaria's Ombudsman and NGOs have petitioned the European Parliament, demanding urgent against companies that sell lower quality products under the same labels in different parts of Europe. 

trade-unions-protest-highlights-small-progress-of-minimum-wage-in-albania-09-26-2017
27 Sep 17

Albania Unions Demand Hike in Minimum Wage

Unions in Albania are calling for a significant rise in the minimum wage, saying the current amount is too little to cover the basic cost of living. 

bulgaria-s-arms-exports-reach-record-high-in-2016-09-12-2017
13 Sep 17

Bulgaria’s Arms Exports Reach Record High in 2016

The lion’s share of the Bulgarian arms that were exported last year went to Middle East, with Iraq and Saudi Arabia leading the destination list with deals for over 200 million euros.

albania-and-montenegro-eyes-eu-funds-for-the-development-of-the-ionian-adriatic-pipeline-09-08-2017
08 Sep 17

Albania, Montenegro Eye EU Funding for Gas Pipeline

Albania's Energy Ministry on Friday presented a feasibility study for a 618-million-euros gas corridor between Albania, Bosnia and Croatia, which it hopes the EU and US will support.

magnificent-yugoslav-hotel-complex-awaits-new-look-09-06-2017
08 Sep 17

Yugoslav Army's Croatian Playground Awaits Makeover

A luxury hotel chain is expected to renovate the once magnificent but now ruined hotel complex near Dubrovnik, Croatia, which once mainly catered to members of the Yugoslav People's Army.

croatia-romania-oecd-membership-blocked-by-unhappy-neighbours-09-07-2017
07 Sep 17

Angry Neighbours to Bar Croatia, Romania, From OECD

Hungary and Slovenia plan to stop Romania and Croatia from joining the world’s largest economic organization, citing disputes over minority rights and border demarcation.

bulgaria-to-draw-russian-tourists-with-religious-routes-09-05-2017
06 Sep 17

Bulgaria Woos Russian Tourists with Religious Tours

Bulgaria’s tourism ministry will create new religious tour routes that it hopes will attract more Russian tourists who want to go on a pilgrimage to the country’s holy sites. 

Premium

agrokor-crisis-may-give-russia-balkan-breakthrough--09-29-2017
02 Oct 17

Agrokor Crisis May Give Russia ‘Balkan Breakthrough’

Russia may try to its use the huge debts that the failing Croatian giant owes it to mightily strengthen its presence in the Balkans, a Slovenian expert, Borut Suklje, told BIRN.

25 Sep 17

Serbia's Economic Slowdown Alarms Experts

Politics and Society

moldovan-constitutional-court-suspends-country-s-president-10-17-2017
17 Oct 17

Moldovan Constitutional Court Suspends Country's President

Moldova’s Constitutional Court has suspended the country’s President, Igor Dodon, for his refusal to approve a new defence minister for more them ten months.

Culture and Lifestyle

ancient-croat-community-keep-traditions-alive-in-romania-10-12-2017

Ancient Croat Community Keep Traditions Alive in Romania

The Croat President’s recent visit to Carasova in Romania put the spotlight back on a tiny, ancient community whose exact origins are lost in the mists of time.