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Latest Business News from the Balkans

bosnia-export-to-russia-questioned-amid-eu-sanctions
27 Nov 14

Bosnia Denies Busting Russian Sanctions on EU

Bosnia sought to assure Russia that it was not being used to transit agricultural products from EU countries and breach sanctions that Moscow imposed on Brussels amid the Ukraine crisis.

croatian-record-set-in-tourism-industry-acquisitions
27 Nov 14

Croatian Tourist Company Sold in Record Deal

Croatian company Istraturist, which has 16 hotels, villas and apartment resorts, has been sold for 120 million euro – the highest-ever amount for a tourism business in the country.

kosovo-complains-that-macedonia-steals-its-air-passengers
26 Nov 14

Macedonia Rebuffs Kosovo Over Flight Subsidies

Macedonia said that it will not stop subsidising low-cost passenger flights that boost its air traffic despite a complaint from neighbouring Kosovo.

serbia-strikes-loan-deal-with-imf
20 Nov 14

Serbia Strikes Billion Euro Loan Deal with IMF

Serbia has clinched an agreement on a billion-euro precautionary loan with the International Monetary Fund, which it hopes will create confidence and lure investors.

montenegro-s-unions-call-protest-agains-pay-cuts
20 Nov 14

Montenegro Unions Call Protest Against Pay Cuts

Montenegrin trade unions plan to stage a protest on December 6 in the capital, Podgorica, against announced pay cuts in the public sector.

us-company-interested-in-buying-mol-s-shares-in-ina
20 Nov 14

US Company Interested in MOL's INA Shares

Klesch Group has expressed interest in buying the shares of Hungary energy giant MOL in the Croatian energy company INA, potentially bringing US capital into Croatia's power sector.

ford-to-axe-one-fifth-of-staff-in-romania
20 Nov 14

Ford Romania To Axe Staff in Sales Slump

Around a fifth of the employees at the Ford’s car factory in Craiova are to be laid off next year due to low demand on the market.

economic-interests-key-for-serbian-foreign-policy-1
19 Nov 14

Serbia PM Defends Economic Ties to Russia

Prime Minister Vucic said that while Serbia's political focus remains on EU integration, economic interests necessitate continued close ties to Russia.

turkish-airlines-eyes-macedonia-national-airline-bid
18 Nov 14

Turks May Help Macedonia Form National Airline

Turkish Airlines has indicated that it is willing to assist Macedonia set up its own national airline, following the demise of Macedonian Airlines several years ago.

montenegro-s-government-mulls-cutting-public-sector-salaries
17 Nov 14

Montenegro to Cut Public Sector Wages in 2015

Government and unions are on collision course in Montenegro after the budget bill for 2015 was published, reducing the total size of public sector wage bill.

imf-asks-romania-to-keep-spending-under-control
12 Nov 14

IMF Reminds Romania To Control Spending

The International Monetary Fund, IMF, has urged Romania not to endanger the progress it has made in recent years, by keeping a tight check on spending.

montenegro-to-boost-budget-spending-in-2015
10 Nov 14

Montenegro to Hike Budget Spending in 2015

Montenegro has set a 2015 state budget at around 2 billion euros, a quarter higher than 2014, to cover loans for highway construction and repayments of previous loans.

zagreb-belgrade-flights-after-23-years
10 Nov 14

Zagreb–Belgrade Flights Resume After 23 Years

Air Serbia, Serbia's national carrier, is re-introducing flight connections from Belgrade to Zagreb, which halted in 1991.

forbes-romania-s-rich-slightly-overcome-financial-crisis
09 Nov 14

Ex-Tennis Star Tops Romania’s Wealth League

Ion Tiriac and Ioan Niculae top the list of Romanian billionaires according to the latest Forbes Romania Rich List.

ec-warns-over-romania-s-economic-prospects
06 Nov 14

Brussels Warns Romania About Rising Deficit

New European Commission report has warned Romania that is risking a higher than expected budget deficit next year if it does not change course in the meantime.

Politics and Society

bulgaria-s-security-head-called-to-resign-following-islamists-arrest
27 Nov 14

Bulgaria Security Chief Criticised After Islamists’ Arrest

The minority partner in the Bulgarian coalition government asked for the resignation of the head of the National Security Agency after he failed to answer questions about a possible Islamist threat.