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Latest Business News from the Balkans

corruption-distracts-potential-investors-to-kosovo-report-says
21 Apr 14

Corruption Deters Investors in Kosovo, Report Says

As Kosovo tries to attract more foreign money, corruption and bribery remain a key factor deterring companies from investing in the country, a recent report said.

serbian-companies-in-restructuring-owe-1-5-billion-euro-world-bank
17 Apr 14

Serbian Companies in Restructuring Heavily in Debt

Serbian companies undergoing restructuring owe 1.5 billion euro to state creditors alone, World Bank official Dusko Vasiljevic warned, increasing the risk of them going bankrupt.

standard-and-poor-s-upgrade-albania-s-rating
14 Apr 14

Standard and Poor’s Upgrades Albania’s Debt Rating

Following Tirana’s agreement with the International Monetary Fund, the credit rating agency has upgraded Albania’s sovereign debt rating from ‘negative’ to ‘stable’.

south-stream-works-in-serbia-continue-in-summer-gazprom
14 Apr 14

South Stream Work in Serbia on Course, Gazprom Says

The South Stream gas pipeline project in Serbia will this year enter the active implementation stage, a Gazprom official said.

romania-plans-to-reopen-closed-mines
14 Apr 14

Romania Takes Fresh Look at Closed Mines

New law may lead to the reopening of some of the 500-plus mines that have been closed in Romania recent years.

albania-oil-company-to-electrify-its-wells
09 Apr 14

Albania Oil Company to Electrify Its Wells

The electrification of oil wells is one of the cost-cutting infrastructure investments planned by Bankers Petroleum in its Patos-Marinza heavy oil field in Albania in 2014.

romania-to-pay-back-eu-money-for-agriculture
08 Apr 14

Romania to Repay EU for Misspent Agriculture Cash

Romania must return over 4 million euro in agricultural funding that was deemed inappropriately spent.

albania-s-registers-slow-economic-growth
08 Apr 14

Albania Registers Slight Upturn in Late 2013

After a steep fall in the third quarter of 2013, Albania's economy saw modest growth in the last three months of the year, data from the national statistics institute, INSTAT, show.

new-flights-take-off-from-belgrade
07 Apr 14

New Flights Take Off From Belgrade

Several airlines are launching flights to new destinations this spring, including popular summer hotspots like Barcelona and Dubrovnik.

drop-in-russian-ukrainian-visitors-worries-bulgaria
07 Apr 14

Drop in Russian, Ukrainian Visitors Worries Bulgaria

Ukraine crisis and fall in value of Russian and Ukrainian currencies is causing concern to Bulgarian tourist operators.

wizzair-to-halve-belgrade-fleet-over-taxes
03 Apr 14

Wizz Air Slashes Belgrade Flights in Tax Row

The Hungarian low-cost airline has announced it will halve its Belgrade operations after the city airport increased taxes by 40 per cent.

massive-lays-off-at-romanian-gold-mining-project
02 Apr 14

Frustrated Gold Mine Company Axes Romanians

Canada’s Gabriel Resources says it will lay off 80 per cent of its employees in Romania as a planned gold mining project remains stuck in parliament.

ebrd-finances-solar-project-in-romania
28 Mar 14

EBRD Finances Solar Project in Romania

The European Bank for Reconstruction and Development, EBRD, is to lend 20 million euro for a solar energy project in Romania, following its earlier investment in wind farms.

etihad-officially-becomes-a-co-partner-in-air-serbia
25 Mar 14

Etihad Co-partnership With Air Serbia Sealed

Etihad Airways, the flag airline of the United Arab Emirates, is now officially the co-partner of Air Serbia, owning 49 per cent of the shares in a joint company with the Serbian government.

mostar-airport-aims-for-new-flight-lines
24 Mar 14

Bosnia’s Mostar Airport Aims for Expansion

Mostar has announced new flight destinations amid hopes of attracting more tourists, bringing more money into the area and creating jobs.

Premium

austerity-threatens-serbia-with-worse-recession
17 Apr 14

Austerity Threatens Serbia With Worse Recession

Slashing public sector wages will hit consumption and reduce growth, and the savings effect could be less than expected, the leading economist Vladimir Gligorov warns.

Politics and Society

bulgaria-could-remain-eu-s-poorest-country-even-after-2020-report
21 Apr 14

Bulgaria Still Not Planning EU Funding, Report Says

Bulgaria is failing to adopt measures to make proper use of potential European funding for the next six years, a report by the National Audit Office argues.

Culture and Lifestyle

belgrade-hosts-communist-crime-exibition

Belgrade Exhibition Exposes Yugoslav Communist Crimes

The exhibition entitled ‘In the Name of the People’, which documents the crimes committed by the Yugoslav regime from 1944 until 1953, has attracted protests by Communist activists.