Home Page

Latest Business News from the Balkans

auditors-fails-albania-electricity-utility-financial-data-09-02-2015
02 Sep 15

Auditors Query Albania Electricity Firm's Data

The refusal of independent auditors to give a verdict on the accuracy of the financial statements of the electricity distributor has shed light on the poor state of bookkeeping in Albania's state-run companies.

imf-postpones-serbia-s-pays-and-pensions-boost-09-01-2015
01 Sep 15

IMF Commends Pace of Reforms in Serbia

IMF representatives on Tuesday said they were satisfied with the economic reforms in Serbia - as a government decision on whether to raise wages and pensions was postponed.

albania-government-starts-major-crackdown-against-fiscal-evasion-09-01-2015
01 Sep 15

Albania PM Declares 'War' on Fiscal Evasion

Under pressure from the IMF over falling fiscal revenues, Prime Minister Rama has pledged to engage 600 teams to fight the widespread evasion of the use of receipts for goods - although many see the threat as empty.

new-croatian-bankruptcy-law-closes-19-000-companies-09-01-2015
01 Sep 15

New Bankruptcy Law Takes Effect in Croatia

Under a new law, designed to streamline procedures, all companies whose assets have been frozen for more than 120 days will now be declared bankrupt.

eu-to-financially-support-western-balkans-08-28-2015
31 Aug 15

Europe to Fund Balkan Transport, Energy Projects

Following the Vienna summit, the Western Balkans has been promised 200 million euro in co-financing for 10 transport and energy projects, to improve growth and energy security.

world-bank-analysis-determine-public-sector-layoffs-criteria-08-27-2015
28 Aug 15

World Bank Analysis to Guide Serbian Layoffs

A forthcoming World Bank analysis of Serbia's public sector is likely to provide a basis for the government to determine further public-sector job cuts.

serbia-to-expand-its-gas-storage-capacities-08-25-2015
25 Aug 15

Serbia To Expand Gas Storage Capacities

Serbia's Prime Minister says Belgrade must develop the capacity of its only gas storage, at Banatski Dvor, after encountering obstacles in finding alternative gas supplies and routes.

romania-parties-forge-on-with-tax-cuts-08-21-2015
21 Aug 15

Romania Parties Forge on With Tax Cuts

Parliament due to vote by end of month on new fiscal code, slashing VAT, which critics say could blow a hole in budget.

kosovo-official-invites-serbian-investors-08-20-2015
21 Aug 15

Kosovo Business Chief Invites Serbian Investment

After the head of Kosovo's Chamber of Commerce invited Serbian businessmen to invest in Kosovo, a Belgrade economist has greeted the idea but warned of significant obstacles.

imf-hardly-allow-pension-and-salaries-increase-expert-say-08-20-2015-1
20 Aug 15

Serbia Starts Fresh Talks With IMF

Serbia opened a new round of talks with the IMF on its stand-by arrangement, amid conflicting reports about whether it will win IMF agreement to raise pay and pensions.

gdp-growth-suggests-bulgaria-economy-recovering-08-14-2015
14 Aug 15

GDP Growth Suggests Bulgaria Economy Recovering

Latest figures confirm that a modest economy recovery is underway in the country.

appeal-to-serbia-s-employers-over-work-related-accidents-08-13-2015
14 Aug 15

Serbian Workers Suffering in Heat Wave

After a number of heat-related injuries and a death, the governent has reminded employers of the need to protect people working outdoors from prolonged exposure to the fierce sun.

despite-political-rows-croatia-attracts-ex-yugoslav-tourists-08-12-2015
12 Aug 15

Ex-Yugoslav Tourists Flock to Croatia Despite Rows

Feuds between Croatia and its neighbours are not not deterring tourists from former Yugoslavia from heading there for their summer holidays - in record numbers.

bosnia-s-federation-government-faces-growing-social-pressure-08-11-2015
11 Aug 15

Unions Pile Pressure on Bosnia Federation Govt

Pensioners' associations and trade unions threaten new protests, adding to the pressure on the Federation government to address a difficult economic and social situation.

montenegro-airlines-cuts-costs-to-tackle-debt-08-11-2015
11 Aug 15

Montenegro Airlines Cuts Costs to Tackle Debt

Montenegro's national carrier is implementing new cost-cutting measures having discovered that the company had run more debt than was previously believed.

Premium

bosnia-s-salt-lakes-city-becomes-tourist-magnet-07-31-2015
31 Jul 15

Bosnia’s Salt Lakes City Becomes Tourist Magnet

As its traditional industries contract and poverty and unemployment rises, Tuzla hopes that more revenue can be raised from tourism, attracting visitors with its unique complex of salt lakes.

Politics and Society

romania-to-receive-migrants-starting-from-november-09-02-2015
02 Sep 15

Romanians Argue Over Taking in Migrants

After the President's office said Romania will take in some 1,700 migrants over the coming months, the Prime Minister promptly said no such decision had been made.

Culture and Lifestyle

festival-of-alternative-and-left-in-croatian-coastal-town-09-02-2015

Balkan Leftists Head for Festival on Croatian Coast

A festival for alternative and leftist intellectuals, held in the Croatian seaside town of Sibenik, is putting the stress on antifascism and rising nationalism in the region this year.