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Latest Business News from the Balkans

montenegro-s-spending-hike-fuels-debt-concerns-06-27-2016
28 Jun 16

Montenegro May Revise Budget to Cover Spending Gap

Montenegro will have to revise its budget for 2016 in order to cover a growing chasm in the public finances.

saa-costs-kosovo-customs-its-first-5-million-euros-06-27-2016
28 Jun 16

Kosovo Customs Earnings Rise Despite SAA

Despite the abolition of tariffs on a range of goods as a result of the Stabilisation and Association Agreement with the EU, Kosovo customs declared an 18-per-cent rise in revenues.

serbia-s-economy-after-brexit-depends-on-eu-economy-consolidation-06-27-2016
28 Jun 16

Serbia Ponders Brexit's Impact on Economy

Serbia’s economic stability during and after Britain's exit from the EU will depend on trends in the EU economy generally and on changes in the value of the euro, experts say.

gulf-group-builds-oil-recycling-plant-in-romania-06-22-2016
23 Jun 16

Gulf Group to Build Oil Recycling Plant in Romania

The Emirates Chemie-Tech DMCC group will set up an oil recycling plant in southeastern Romania, the first of its kind in the region.

public-administration-facing-new-layoffs-06-22-2016
22 Jun 16

Serbia Faces Further Public-Sector Layoffs

Serbia's Minister of Public Administration, Kori Udovicki, said up to 7,000 more staffers in the public sector will lose their jobs by the end of the year.

imf-cautions-against-serbian-payroll-increases-06-21-2016
21 Jun 16

IMF Cautions Against Serbian Payroll Increases

The International Monetary Fund thinks that public sector pensions and salaries should remain at their current levels in Serbia, despite recent government promises to raise both.

bulgaria-to-bid-for-selling-russia-produced-nuclear-reactor-06-20-2016
21 Jun 16

Bulgaria Seeks Buyers for Nuclear Reactor

Bulgaria's Prime Minister said selling the existing equipment of the incompleted new nuclear power plant at Belene was the best option for the country.

montenegro-minister-faces-grilling-over-tax-debt-06-17-2016-1
20 Jun 16

Montenegro Minister Faces Grilling Over Unpaid Taxes

The opposition in Montenegro said it had sought a hearing with the Finance Minister over hundreds of millions of euros in unpaid taxes, which the minister is trying to recover.

bulgaria-to-pay-half-million-to-russian-nuclear-company-06-17-2016
17 Jun 16

Bulgaria To Pay Half Billion to Russian Nuclear Company

International court ordered Bulgaria to compensate a Russian nuclear firm for over a half billion euros in damages.

rs-large-scale-plan-for-hydro-power-plants-unaccomplished-06-16-2016
17 Jun 16

Bosnian Serb Power Plant Plan Remains Grounded

Grand plans in Republika Srpska to build more than 100 hydro-power plants over the past decade have not got far, officials concede.

montenegrin-parliament-votes-to-approve-offshore-oil-drilling-06-16-2016
17 Jun 16

Montenegro Watchdog Questions Adriatic Oil Deal

As parliament readies to approve concession contracts for oil and gas drilling in the Adriatic Sea, the watchdog body MANS has questioned the public interest in the deal.

montenegro-puts-pressure-on-tax-evaders-06-15-2016
16 Jun 16

Montenegro Piles Pressure on Tax Dodging Firms

Montenegrin institutions are under pressure to recover around 230 million euros in unpaid taxes from companies seen as close to the ruling elites.

russians-build-aqua-park-in-montenegro-06-15-2016
15 Jun 16

Russians Build Aqua Park in Montenegro Resort

A Russian company has invested 13 millions of euros in an aqua park on the Montenegrin coast - a project that failed twice before, leaving the local authorities in Budva with big debts.

serbia-s-credit-based-economic-cooperation-lacks-direct-investments-06-14-2016
15 Jun 16

Experts Query Serbia’s Trade Deals With China

Ahead of the Chinese President's visit to Belgrade, some economists question whether Serbia stands to benefit much from its current economic cooperation with China.

government-promises-raise-of-pensions-imf-denies-06-10-2016
13 Jun 16

IMF Balks at Serbian Government Promises to Increase Pensions

The International Monetary Fund is sceptical about Serbian government optimism on public sector salary and pension increases.

Premium

china-s-new-silk-road-ambitions-boost-sino-serbian-ties-06-24-2016
27 Jun 16

China’s ‘New Silk Road’ Ambitions Boost Sino-Serbian Ties

Serbia should secure infrastructure investment by capitalising on Beijing's planned 'New Silk Road' trade route from Shanghai to Berlin, experts say.

21 Jun 16

Report Hailing Economic Growth Questioned

20 Jun 16

All Eyes on China in Serbian Steel Mill Town

16 Jun 16

Romania’s Economic Recovery Comes at a Cost

15 Jun 16

IMF Seeks Fresh Privatisations in Bosnia

Politics and Society

bosnian-serb-police-officials-mico-stanisic-stojan-zupljanin-hague-tribunal-verdict-06-30-2016
30 Jun 16

UN Court Confirms Bosnian Serb Police Officials’ Convictions

The appeals chamber at the UN war crimes tribunal in The Hague upheld the verdict sentencing former Bosnian Serb police officials Mico Stanisic and Stojan Zupljanin to 22 years in prison each.

30 Jun 16

Kosovo War Rape Verifications Hit by Delays

30 Jun 16

Trials Resume as EULEX Restarts Work in Kosovo