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Latest Business News from the Balkans

new-luxury-resort-to-open-in-montenegro
28 Jul 14

Montenegro Marina Gets New Luxury Hotel

The continuing expansion of super-yacht marina Porto Montenegro is to be given a further boost with the opening of a new luxury hotel this week.

croatia-fails-to-clinch-ina-deal-with-hungarians
28 Jul 14

Croatia Fails to Clinch INA Deal with Hungarians

Croatia’s hopes of buying back shares owned by Hungary’s MOL in the energy company INA received a setback last week.

romania-moves-forward-with-new-nuclear-reactors
25 Jul 14

Romania Moves Forward With New Nuclear Reactors

Two new nuclear reactors are to be built up in Romania under a deal inked on Thursday with Canadian and Chinese investors.

bosnia-lawmakers-vote-over-biggest-post-war-energy-investment
25 Jul 14

Bosnia MPs Back Plan for New Power Plant

Lawmakers of Bosnia's Federation Parliament have lent support for a project to construct Bloc 7 of the Tuzla and Banovici power plants, described as Bosnia's most important energy investment in decades.

enel-faces-legal-challenge-in-romania
24 Jul 14

Romania to Sue Italy's Enel Over Failed Sale

The Romanian government is to sue Italian group Enel at the International Court of Arbiration over the collapse of the sale of an energy company.

private-sector-aiming-to-enter-macedonian-rail
23 Jul 14

Private Sector Eyes Role in Macedonian Freight

A new bill - which will allow domestic firms to pay for and organize the transport of their goods on the railway network - is causing alarm inside the state railway company, which fears for the loss of its monopoly.

eu-to-back-croatian-gas-project-on-krk
23 Jul 14

EU to Back Croatian Gas Project on Krk

The Ukraine crisis has given new impetus to plans to build a gas terminal on the island of Krk, which Brussels has said it will help pay for.

croatia-launches-onshore-oil-and-gas-tender
21 Jul 14

Croatia Launches Onshore Oil and Gas Tender

Economy Minister Ivan Vrdoljak has opened an international tender for onshore oil and gas exploration and exploitation rights in the eastern Croatian region of Slavonia.

macedonia-s-500-million-loan-blamed-on-budget-deficit
21 Jul 14

€500 Million Loan Raises Queries in Macedonia

Newly revealed plans to raise a record €500 million through a Eurobond have caused divisions in Macedonia, with many querying official explanations for the loan.

macedonia-plans-becoming-tax-heaven
18 Jul 14

Macedonia Plans to Set up Tax Haven

Government plans to establish a tax haven that will encourage wealthy corporations to move their operations to Macedonia have won a mixed response.

budget-flights-boost-air-traffic-in-macedonia1
16 Jul 14

Budget Flights Boost Air Traffic in Macedonia

Air traffic has grown exponentially in Macedonia since the arrival of low-cost, or budget, airlines, which the government has stimulated via targeted subsisidies.

romania-plans-to-raise-indirect-taxation
16 Jul 14

Romania Raises Indirect Taxes to Fill Budget Gaps

The centre-left government is proposing hikes in indirect taxation to cover a likely budget deficit created by reductions in the levies on employers.

macedonian-capital-closer-to-gasification
15 Jul 14

Macedonian Capital Steps Closer to Gasification

If the tendering procedure goes according to plan, consumers in Skopje may be be able to to start using natural gas for energy within two or three years.

ex-yugoslav-leaders-gather-at-croatia-economic-summit
14 Jul 14

Ex-Yugoslav Leaders Gather at Croatia Economic Summit

The presidents of all ex-Yugoslav countries are joining business leaders at the summit in Cavtat near Dubrovnik, aimed at boosting the economic potential of the region.

bulgaria-scraps-commercial-bank-s-license
11 Jul 14

Bulgaria Scraps Commercial Bank’s License

National bank says it is to withdraw the license of one of the banks hit by a recent run on its savings - after uncovering that money is missing.

Premium

serbia-shells-out-for-pricey-foreign-advisors
28 Jul 14

Serbia Shells Out for Pricey Foreign Advisors

Hiring famous international ‘advisors’ might boost Serbia’s brand image - but they do not come cheap and their use is limited if the government fails to act on their words.

Politics and Society

serbia-marks-start-of-ww1
28 Jul 14

Serbia Marks ‘Heroic’ WWI Centenary

The Serbian premier praised the fight to liberate the country from Austro-Hungarian rule during World War I, but plans to unveil a monument to Sarajevo assassin Gavrilo Princip were shelved.

Culture and Lifestyle

romanian-bridge-seeks-guinness-accolade

Romanian Plastic Bridge Seeks Guinness Accolade

A bridge made of over 100,000 plastic bottles in western Romania - said to be the largest in the world - contains a wider message about the enviroment.