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Latest Business News from the Balkans

serbia-strikes-loan-deal-with-imf
20 Nov 14

Serbia Strikes Billion Euro Loan Deal with IMF

Serbia has clinched an agreement on a billion-euro precautionary loan with the International Monetary Fund, which it hopes will create confidence and lure investors.

montenegro-s-unions-call-protest-agains-pay-cuts
20 Nov 14

Montenegro Unions Call Protest Against Pay Cuts

Montenegrin trade unions plan to stage a protest on December 6 in the capital, Podgorica, against announced pay cuts in the public sector.

us-company-interested-in-buying-mol-s-shares-in-ina
20 Nov 14

US Company Interested in MOL's INA Shares

Klesch Group has expressed interest in buying the shares of Hungary energy giant MOL in the Croatian energy company INA, potentially bringing US capital into Croatia's power sector.

ford-to-axe-one-fifth-of-staff-in-romania
20 Nov 14

Ford Romania To Axe Staff in Sales Slump

Around a fifth of the employees at the Ford’s car factory in Craiova are to be laid off next year due to low demand on the market.

economic-interests-key-for-serbian-foreign-policy-1
19 Nov 14

Serbia PM Defends Economic Ties to Russia

Prime Minister Vucic said that while Serbia's political focus remains on EU integration, economic interests necessitate continued close ties to Russia.

turkish-airlines-eyes-macedonia-national-airline-bid
18 Nov 14

Turks May Help Macedonia Form National Airline

Turkish Airlines has indicated that it is willing to assist Macedonia set up its own national airline, following the demise of Macedonian Airlines several years ago.

montenegro-s-government-mulls-cutting-public-sector-salaries
17 Nov 14

Montenegro to Cut Public Sector Wages in 2015

Government and unions are on collision course in Montenegro after the budget bill for 2015 was published, reducing the total size of public sector wage bill.

imf-asks-romania-to-keep-spending-under-control
12 Nov 14

IMF Reminds Romania To Control Spending

The International Monetary Fund, IMF, has urged Romania not to endanger the progress it has made in recent years, by keeping a tight check on spending.

montenegro-to-boost-budget-spending-in-2015
10 Nov 14

Montenegro to Hike Budget Spending in 2015

Montenegro has set a 2015 state budget at around 2 billion euros, a quarter higher than 2014, to cover loans for highway construction and repayments of previous loans.

zagreb-belgrade-flights-after-23-years
10 Nov 14

Zagreb–Belgrade Flights Resume After 23 Years

Air Serbia, Serbia's national carrier, is re-introducing flight connections from Belgrade to Zagreb, which halted in 1991.

forbes-romania-s-rich-slightly-overcome-financial-crisis
09 Nov 14

Ex-Tennis Star Tops Romania’s Wealth League

Ion Tiriac and Ioan Niculae top the list of Romanian billionaires according to the latest Forbes Romania Rich List.

ec-warns-over-romania-s-economic-prospects
06 Nov 14

Brussels Warns Romania About Rising Deficit

New European Commission report has warned Romania that is risking a higher than expected budget deficit next year if it does not change course in the meantime.

albanians-face-higher-taxes-as-government-struggle-to-cut-deficit
05 Nov 14

Albania Plans to Hike Taxes to Curb Deficit

Albanians will have to pay more in taxes on tobacco and petrol next year, as well as higher income tax, the draft 2015 budget indicates.

bosnian-firms-troubled-by-slovenian-supermarkets-debts
04 Nov 14

Bosnian Firms Claim Slovenian Supermarket Chain 'Robbed' Them

Around a hundred Bosnian firms - which claim they were robbed when the Slovenian supermarket chain Tus quit the country leaving millions in debts to suppliers - have started a joint fight for compensation.

kosovo-facing-yet-another-difficult-energy-situation
04 Nov 14

Kosovo Facing New Energy Crisis Over Winter

Kosovo faces another difficult winter for energy following the June blast in a worn-out power plant, the power supply company, KEDS, has warned.

Politics and Society

eu-s-albania-delegation-probed-over-justice-tender
22 Nov 14

EU’s Albania Delegation Probed Over Justice Tender

The EU’s anti-fraud office, OLAF, is investigating claims that the EU Delegation in Albania offered a major tender to a German company for corrupt reasons, BIRN can reveal. 

Culture and Lifestyle

vienna-s-albanians-get-in-on-the-mozart-act

Vienna’s Albanians Get in on the Mozart Act

Impersonating Wolfgang Amadeus is big business in Vienna - but these days many of the men in wigs are not Austrian but Albanian.