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Latest Business News from the Balkans

06 Oct 15

Romania Spurns Trend Towards Banning GM Crops

Two-thirds of EU countries may have opted out new European legislation allowing the growth genetically modified organisms, GMO - but Romania has decided against a ban.

05 Oct 15

Romania to Bill Volkswagen Over Emissions Scandal

Romania intends to claim damages from Volksvagen over the emissions-cheating revelations, but it also fears that the scandal may damage its own economy.

01 Oct 15

Romanian Bank Chief Backs New IMF Deal

The respected head of the national bank says Romania needs a new deal with the International Monetary Fund, IMF, as a form of insurance against potential turbulence.

30 Sep 15

Hotels Flourish as Sarajevo Changes its Image

Once seen as a tourist no-go area and a 'war zone', hotels are booming in Sarajevo as the city reinvents itself as a cultural and culinary hotspot in the Balkans.

21 Sep 15

Serbia Says Border Closures Are Hitting Economy

Serbian leaders have urged neighbouring states not to close their borders against the influx of refugees, saying that their country is suffering significant economic damage.

14 Sep 15

Albania Oil Company Seeks Tax Dispute Mediation

The main petroleum extraction company in Albania is hoping that an independent auditor will help to resolve a tax bill of $57 million (50 million euros).

09 Sep 15

Albania Power Plant Approval Angers Greens

Breaking his promise to not allow any new hydropower plants on the Vjosa River, Albania's Prime Minister has approved a Turkish company's request for a concession, angering environmentalists.

09 Sep 15

Romania Told to Amend Privatisation Law

The European Commission has urged Romania to change its privatisation law in order to drop provisions that could be seen as allowing state aid.

02 Sep 15

Auditors Query Albania Electricity Firm's Data

The refusal of independent auditors to give a verdict on the accuracy of the financial statements of the electricity distributor has shed light on the poor state of bookkeeping in Albania's state-run companies.

01 Sep 15

IMF Commends Pace of Reforms in Serbia

IMF representatives on Tuesday said they were satisfied with the economic reforms in Serbia - as a government decision on whether to raise wages and pensions was postponed.

01 Sep 15

Albania PM Declares 'War' on Fiscal Evasion

Under pressure from the IMF over falling fiscal revenues, Prime Minister Rama has pledged to engage 600 teams to fight the widespread evasion of the use of receipts for goods - although many see the threat as empty.

01 Sep 15

New Bankruptcy Law Takes Effect in Croatia

Under a new law, designed to streamline procedures, all companies whose assets have been frozen for more than 120 days will now be declared bankrupt.

31 Aug 15

Europe to Fund Balkan Transport, Energy Projects

Following the Vienna summit, the Western Balkans has been promised 200 million euro in co-financing for 10 transport and energy projects, to improve growth and energy security.

28 Aug 15

World Bank Analysis to Guide Serbian Layoffs

A forthcoming World Bank analysis of Serbia's public sector is likely to provide a basis for the government to determine further public-sector job cuts.

25 Aug 15

Serbia To Expand Gas Storage Capacities

Serbia's Prime Minister says Belgrade must develop the capacity of its only gas storage, at Banatski Dvor, after encountering obstacles in finding alternative gas supplies and routes.


29 Sep 15

Bosnia’s Reckless Borrowing Brings Crisis Closer

Bosnia's profligate leaders have long seen borrowing as the answer to every problem – but the time is approaching when that option will no longer be on the table.

Politics and Society

07 Oct 15

Macedonia Talks Resume as EU Deadline Expires

Talks on Macedonia’s election reform ‘package’ are expected to resume today after the government and opposition missed the EU imposed deadline that expired on Tuesday.

Culture and Lifestyle


UK Comedy Star Backs Foster Care in Montenegro

Nicholas Lyndhurst, of ‘Only Fools and Horses’ fame, has been using his pulling power in Montenegro to promote foster parenting.