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Latest Business News from the Balkans

serbian-parliament-to-approve-pensions-salaries-cuts
22 Oct 14

Serbia MPs to Debate Revised Austerity Budget

Serbia's Finance Minister on Wednesday announced that parliament will shortly debate a draft revised budget and accompanying bills on cutting spending.

montenegro-worries-over-higher-unemployment
22 Oct 14

Rise on Jobless Rate Worries Montenegro

The number of unemployed in Monenegro has risen for the sixth month in a row - although the jobles rate remains low by regional standards.

chinese-company-to-build-new-nuclear-reactors-in-romania
20 Oct 14

Chinese Company to Build Romania Nuclear Reactors

A Chinese company is to invest in constructing two new reactors at Romania’s only nuclear power plant in a deal worth an estimated 6.5 billion euro.

balkans-up-for-a-chill-if-russian-gas-halts
17 Oct 14

Balkan States Face Crisis if Russia Halts Gas Flow

Serbia, Macedonia and Bosnia could face a very cold winter if Russia halts gas exports to the EU, a gas stress test carried out by Brussels says.

high-sky-internet-prices-to-drop-in-montenegro
14 Oct 14

Montenegro Orders Cut in High Internet Prices

Starting from November 1, Montenegro will no longer have the most expensive internet service in Europe, after the regulatory agency ordered the main provider to slash prices.

budget-transparency-urged-in-macedonia
13 Oct 14

Macedonia Opposition Urges Budget Transparency

The opposition called for new measures to boost budget transparency, help ordinary people understand public finances and ensure that Macedonia does not plunge into serious debt.

imf-downgrades-montenegro-s-growth-forecast
09 Oct 14

IMF Downgrades Montenegro’s Growth Forecast

The IMF has revised its forecast of Montenegros’s economic growth downwards from 2.8 per cent anticipated in April to 2.3 per cent.

growth-in-se-europe-to-remain-uneven-imf-says
08 Oct 14

IMF Revises Balkan Growth Prospects Downwards

Growth in Southeast Europe is likely to worse in 2014 than was anticipated, a new IMF report says.

romania-aims-to-attract-investors-on-bourse-1
08 Oct 14

Romania to List More Companies on Bourse

Romania plans to attract foreign cash with the public listing of some more state-owned companies next year.

albania-to-launch-receipt-lottery
07 Oct 14

Albania Hopes New Lottery Will Curb Tax Cheats

In a new effort to curb the extensive "grey" informal economy - and boost its own revenues - the Albanian government is planning to launch a new lottery based on receipts for purchases.

russia-worried-after-investigation-at-lukoil-refinery-in-romania
07 Oct 14

Probe Into Lukoil Refinery in Romania Worries Russia

The closure of Russia’s Lukoil refinery in southern Romania, in connection to a tax evasion and money laundering probe, has alarmed the Russian ambassador in Bucharest.

albania-s-growth-slumps-in-second-quarter-of-2014
06 Oct 14

Albania’s Growth Slumps in Second Quarter of 2014

Albania's GDP fell by 0.6 per cent in the second quarter of 2014, the National Institute of Statistics said, frustrating government expectations of higher growth.

macedonian-foreign-debt-contitues-to-soar
02 Oct 14

Macedonia's Foreign Debt Hits New Peak

Macedonia's foreign debt has continued to rise this year to a record 71.6 per cent of GDP, the latest central bank data reveal.

albania-raises-taxes-on-cigarettes
02 Oct 14

Albania Raises Taxes on Cigarettes

Albania's cash-strapped government raised the duties on cigarettes on Wednesday, arguing that the measure was necessary to protect public health.

croatian-general-government-debt-goes-up-rapidly
30 Sep 14

Croatia Govt Debt Rises to 30 Billion Euro

Croatia's National Bank said government debt has reached a new peak over the past 12 months, rising by 13.6 per cent amid a continuing recession in the country.

Politics and Society

deprived-tuzla-workers-demand-expert-govt-resignation
22 Oct 14

Unrest Returns to Birthplace of Bosnia Protests

Protesting workers in Tuzla are calling for the resignation of the cantonal government that was appointed after the February protests.