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Latest Business News from the Balkans

skyscraper-frenzy-captures-bulgaria-s-capital-05-23-2017
24 May 17

Skyscraper Frenzy Divides Locals in Bulgarian Capital

New projects to build high-rises in the centre of Sofia are transforming the city's apprearance - but are also drawing a good deal of local opposition.

bulgaria-seeks-foreign-workers-to-save-tourist-season-05-22-2017
23 May 17

Bulgaria Imports Cheap Regional Labour to Save Tourism Boom

As Bulgarian workers seek higher paid jobs in Spain or Greece ahead of tourist season, the country is being forced to import cheaper labour from its neighbours. 

mine-sale-failure-stuns-bosnian-serb-leader-dodik-05-18-2017-2
18 May 17

Mine Sale Failure Stuns Bosnian Serb Leader Dodik

Bosnian Serb President Milorad Dodik has suffered a major blow from the collapse of the planned sale of the Ljubija mine to Israeli bidders.

balkan-countries-hit-by-cyber-attack-05-15-2017
15 May 17

Romania Worst Hit in Balkans by Cyber-Attack

Romania was the Balkan country worst affected by last Friday's global cyber-attack, while Bulgaria reported that one unnamed public institution was affected.

vasilev-s-serbian-company-facing-bankruptcy-05-12-2017
15 May 17

Bulgarian Tycoon's Serbian Factory Faces Bankruptcy

Workers at the indebted Serbian Glass Factory in Paracin, owned by Bulgarian tycoon Tsvetan Vasilev - whose extradition is now sought by the Bulgarian authorities - are demanding that the Serbian government help them.

romania-inaugurates-biggest-onshore-gas-reserve-in-30-years-05-12-2017
12 May 17

Romania Inaugurates Biggest Gas Reserve in Decades

Politicians and gas company chiefs have attended the official presentation of the country's biggest natural gas deposit in three decades - as Romania furthers its bid to become a regional energy hub.

croatia-s-agrokor-selling-subsidiaries-to-cover-debt-05-12-2017
12 May 17

Croatia to Sell Parts of Agrokor to Repay Debts

Agrokor's state manager, Ante Ramljak, on Thursday said parts of the troubled economic giant will have to be sold off to cover its huge debts of over 5.4 billion euros.

politics-remains-one-of-bosnia-s-most-lucrative-businesses-05-09-2017
10 May 17

Debt-Ridden Bosnia Lavishes Cash on Political Parties

Bosnia's deficit-crippled budgets increasingly struggle to cover social benefits and pensions, yet they still put aside millions to generously subsidise the country's numerous political parties.

romania-s-government-warned-on-loose-fiscal-and-wage-policies-05-03-2017
04 May 17

Romania's Pay Hikes Worry Financial Institutions

Romania’s Social Democrat government is coming under fire for borrowing large sums of money to cover the costs of what are deemed high-risk wage and fiscal policies.

austria-s-omv-sues-romania-for-petrom-environmental-clean-up-expenses-04-25-2017
25 Apr 17

Austria’s OMV Sues Romania over Environmental Clean-Up

Austrian oil group OMV, which controls Romania’s former state-owned Petrom, has filed an arbitration suit accusing Bucharest of not reimbursing environmental clean-up costs and violating its privatisation contract.

bosnian-animal-rights-activists-angered-over-postponment-of-fur-farming-ban-04-21-2017
24 Apr 17

Postponement of Bosnian Fur-Farming Ban Angers Activists

Animal rights organisations are furious about lawmakers' decision to postpone a ban on raising animals for their fur for a decade, but fur-farming supporters insist prohibition would mean lost jobs.

serbian-minister-to-organize-meeting-on-agrokor-without-croatia-04-18-2017
19 Apr 17

Serbia Hosts Agrokor Summit Without Croatia

Serbia's Trade Minister on Wednesday will host a joint meeting with trade ministers from Slovenia, Bosnia and Montenegro on the Agrokor crisis - but apparently without a Croatian representative.

croatian-government-names-agrokor-extraordinary-manager-04-10-2017
10 Apr 17

Croatia Names Ramljak as Agrokor's 'Extraordinary Manager'

Croatia's government on Monday named an experienced business figure, Ante Ramljak, as the state's 'extraordinary manager' of the financially challenged private company Agrokor.

bosnia-s-politicians-tackle-effects-of-agrokor-s-crisis-04-07-2017
10 Apr 17

Impact of Agrokor Crisis Alarms Bosnia's Leaders

Bosnian politicians seek urgent meetings with managers of companies linked to Agrokor, amid fears that the troubled Croatian giant's financial difficulties could affect their economy as well.

croatian-agrokor-owner-activates-crisis-management-law-04-07-2017
07 Apr 17

Agrokor Owner Hands Over Control of Troubled Company

Ivica Todorovic, the main owner of Croatia's troubled giant, Agrokor, on Friday activated the process of 'extraordinary management', giving the state a determining role in the company’s restructuring process.

Premium

spark-fades-away-in-bosnia-s-last-match-factory-05-18-2017
19 May 17

Spark Fades Away in Bosnia’s Last Match Factory

Only a dozen workers remain in the Dolac match factory, Bosnia’s last, which has been churning out matches using a secret recipe since the days of the Emperor Franz Joseph.

04 May 17

Soaring Debt Threatens Bosnia’s Liquidity

19 Apr 17

Bulgaria Stands to Gain from EU-Gazprom Deal

13 Apr 17

New Shopping Malls Spring Up Across Belgrade

Politics and Society

usa-deported-serb-wanted-for-war-crimes-05-24-2017
24 May 17

US Deports Serb Wanted Over Srebrenica Killings

The US on Monday deported Srdjan Bilic to Serbia, where he is wanted in connection with war crimes committed in 1995 in Srebrenica in eastern Bosnia.

24 May 17

Macedonia President Greeted Warmly in Moscow

24 May 17

Who is Who in the Kosovo Elections

24 May 17

Serbia's Monarchists Want King Back on Throne