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Latest Business News from the Balkans

serbia-is-getting-fourth-mobile-operator-05-25-2016
26 May 16

Serbia to Get Fourth Mobile Phone Operator

Serbia will have a fourth mobile operator from September this year, the UK-based firm Mundio, which should cut the price of mobile calls and increase competition in the market.

bulgarian-state-to-fund-indebted-municipalities-05-25-2016
26 May 16

Bulgaria Bails Out its Indebted Municipalities

As local authorities in Bulgaria sink under the weight of their debts, the government plans to offer them interest-free loans to help them recover financially.

bosnia-to-get-new-550-million-program-from-imf-05-25-2016
25 May 16

Bosnia Clinches New €550m Deal With IMF

Bosnia hopes new four-year IMF deal will cover a looming liquidity crisis - but some pundits fear it is too little, too late.

foreign-investors-content-in-kosovo-survey-shows-05-23-2016
24 May 16

Foreign Investors Content in Kosovo, Survey Says

A survey of 250 foreign entrepreneurs in Kosovo suggests that while most of their businesses are doing well, they want reforms to strengthen the rule of law as well as political stability.

bosnia-must-tackle-corruption-foster-private-sector-05-16-2016
17 May 16

Bosnia Urged to Foster Private Sector and Curb Graft

Bosnia needs to further develop its private sector and fight its rampant corruption in order to increase stability and prosperity, experts say.

romanian-prosecutors-seize-country-s-biggest-refinery-05-11-2016
12 May 16

Refinery Seizure Threatens Romania-China Deal

Romanian prosecutors' decision to seize the country’s largest oil refinery, held by Kazakhstan's KazMunaiGaz, is seen as a possible obstacle towards completion of the biggest transaction of the year, between KazMunaiGaz and China Energy Company Ltd.

albania-court-cuts-mp-mandate-short-05-09-2016
10 May 16

Albanian Court Cuts Short Socialist MP's Mandate

Albania's Constitutional Court has ruled that the mandate of Socialist Party MP Koco Kokedhima is unconstitutional because a company of his won a public procurement contract after he was elected.

romanian-controversial-mortgage-law-causes-uncertainty-05-06-2016
09 May 16

Controversial Romanian Mortgage Law Unsettles Banks

Deposits for mortgages in Romania have doubled ahead of the introduction of a controversial law allowing people to write off their unpaid loans by handing over their property to the banks.

bulgarian-ccb-bank-was-drained-by-its-owner-investigation-says-05-04-2016
05 May 16

Tycoon Accused of Plundering Bulgaria’s CCB Bank

A report on the bankruptcy of Bulgaria's Corporate Commercial Bank accused its former owner Tsvetan Vasilev of acquiring over 1.2 billion euros of the bank’s assets through firms connected to him.

canadian-mining-magnate-sells-superyacht-marina-in-montenegro-05-04-2016
05 May 16

Canadian Tycoon Sells Montenegrin Superyacht Marina

In an unexpected move, Canadian billionaire Peter Munk is selling his stake in the Porto Montenegro resort to the state investment fund of Dubai.

international-business-forum-in-sarajevo-stress-need-for-regional-cooperation-05-04-2016
04 May 16

Balkan Governments Urged to Boost Business Cooperation

Governments from the Balkans need to improve their cooperation if they want to increase foreign investments, said participants at the Sarajevo Business Forum.

chinese-investments-raise-eyebrows-in-albania-05-02-2016
03 May 16

Chinese Investments Raise Eyebrows in Albania

Within the first four months of 2016, Chinese companies have acquired an interest in strategic sectors and significantly raised the level of international trade

bosnian-serb-power-company-s-regulations-turn-down-investors-04-22-2016
29 Apr 16

Bosnian Serb Power Rules Dismay Investors

Businesspeople in Bosnia's Serb-dominated entity say it is not surprising that investors remain wary of the entity when even power supplies are so difficult and pricey to get. 

experts-query-bosnian-trade-deficit-improvement--04-27-2016
28 Apr 16

Bosnia Experts Query Reduction in Trade Deficit

Bosnia registered a significant reduction in its trade deficit in 2015 - but experts say this is mainly down to a fall in imports rather than a rise in domestic production.

erdogan-s-zagreb-visit-attempt-to-improve-position-04-25-2016
26 Apr 16

Erdogan Visits Croatia to Bolster Turkey's EU Role

The Turkish President’s visit to Croatia this week will shore up Turkey's position in Europe, while raising hopes of benefits for Turkish exporters and tourism industry.

Premium

bosnia-s-chinese-investments-come-with-strings-attached-05-25-2016
25 May 16

Bosnia's Chinese ‘Investments’ Come With Strings Attached

Chinese money is enabling Bosnia to overhaul its aging power plants – but these loans will all have to be repaid some day.

03 May 16

Bosnia Moves to Push Banks to Release Reserves

28 Apr 16

Hazy Future for Serbia's Copper Giant

07 Apr 16

Macedonia Crisis Makes Foreign Investors Wary

Politics and Society

serbian-media-selectively-reporting-on-waterfront-protesters-05-26-2016
26 May 16

Serbia's Controlled Media Are Ignoring Waterfront Protests

It is not surprising that most Serbian mainstream media either ignored or only selectively reported on a rally in which more than 10,000 marchers demanded resignations over the controversial demolitions in the Waterfront area.

Culture and Lifestyle

albania-presents-folk-migration-songs-in-venice-biennale-05-25-2016

Varoufakis Composes Song for Albania's Biennale

The former Greek finance minister has written the lyrics for one of the songs about migration that will form Albania's unusual contribution to the Venice Biennale.