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Latest Business News from the Balkans

russian-tycoon-deripaska-sues-montenegro-over-investment-loses-12-07-2016
07 Dec 16

Russian Billionaire Sues Montenegro Over Lost Investment

Oleg Deripaska, owner of the Central European Aluminum Company, is personally suing Montenegro for the loss of his investment in the troubled KAP aluminum plant.

bulgaria-s-largest-industrial-hub-mulls-importing-workers-12-06-2016
06 Dec 16

Bulgaria’s Industrial Hub Appeals to Foreign Workers

Major industrial enterprises in the region of Plovdiv, Bulgaria’s second-largest city, want to hire at least 5,000 workers but lack qualified candidates and plan to recruit ethnic Bulgarians from abroad.

italian-legislation-on-call-centres-alarm-albania-12-05-2016
06 Dec 16

Italian Law Threatens Call Centres in Albania

Thousands of jobs in Albania appear at risk after Italy passed a new law restricting the rights of Italian companies to outsource customer services across the Adriatic Sea.

croatia-russia-trade-unaffected-by-political-disputes-11-30-2016
01 Dec 16

Croatia Shrugs off Slump in Trade With Russia

Sharp falls in Croatian imports from Russia worry few experts in Zagreb - who in any case blame falling energy prices and changes in currency exchange rates as well as tit-for-tat sanctions and political feuds.

bank-of-china-set-to-start-serbia-operation-11-22-2016-1
22 Nov 16

Bank of China Set to Start Serbia Operation

Bank of China will receive a full licence to start operating at the beginning of 2017 in Serbia - the first Balkan country to host one of the world's largest banks.

croatian-tax-reform-to-benefit-all-11-15-2016
16 Nov 16

Croatian Tax Reform Expected to Boost Incomes

The government’s recently-announced tax reform, intended to stimulate spending and economic growth, is expected to benefit both companies and ordinary Croatians, experts said.

russian-tycoon-sues-montenegro-over-aluminum-plant-loses-11-15-2016
15 Nov 16

Russian Tycoon Sues Montenegro Over Aluminum Plant

The Central European Aluminum Company, owned by the Russian tycoon Oleg Deripaska, is suing the government of Montenegro over the KAP aluminum plant's bankruptcy.

bosnian-serb-leader-hunts-for-cash-in-china-11-04-2016
04 Nov 16

Bosnian Serb Leader Hunts for Cash in China

Milorad Dodik, president of Bosnia's Serb-dominated entity, Republika Srpska, is in China, seeking investment for the entity’s struggling economy.

kosovo-still-awaits-the-final-agreement-on-new-power-plant-11-02-2016
02 Nov 16

World Bank Still Mulling Support for Kosovo Power Plant

While Kosovo officials claim the World Bank has pledged to support construction of the new Kosova e Re power plant, the bank has told BIRN no such decision has been made.

serbia-and-bosnia-open-trade-office-in-turkey-10-26-2016
27 Oct 16

Serbia, Bosnia Open Joint Trade Office in Turkey

Bosnia and Serbia have opened a joint office in Istanbul, Turkey, hoping to stimulate trade between the three countries and Turkish investment.

bulgaria-russia-agree-on-debt-reduction-over-belene-nuclear-project-10-26-2016
26 Oct 16

Bulgaria, Russia Agree to Cut Belene Debt Bill

Russia's Atomstroyexport has agreed to write off the interest that Bulgaria owes on its debt for the Belene project - if Bulgaria pays off its obligations in full by December 15.

bulgaria-romania-still-hope-canada-lifts-visas-10-24-2016-1
24 Oct 16

Bulgaria, Romania Still Hope Canada Lifts Visas

While a Belgian region holds up the EU’s CETA deal with Canada, Romanians and Bulgarians hope to end visa requirements with Canada regardless of the outcome.

crimea-officials-tout-for-business-in-serbia-10-21-2016
21 Oct 16

Crimea Officials Tout for Business in Serbia

A delegation from the region controversially annexed by Russia is visiting Serbia and urging businesses to invest despite EU sanctions.

serbia-s-high-hopes-from-the-abolition-of-visas-with-china-10-17-2016
18 Oct 16

Serbia Eyes Benefits of Scrapping Visas with China

The proposed abolition of visas between Serbia and China would provide a major boost to the Serbian economy and to tourism if it passed, experts agree.

albania-serbia-trade-volume-in-growth-10-14-2016
17 Oct 16

Albania-Serbia Trade Grows From Modest Base

Trade between Albania and Serbia is growing steadily, albeit from a low base - and the disparity between what Serbia sells to Albania, and what Albania sells to Serbia, remains huge.

Premium

serbian-savers-keep-faith-with-banks-and-property-12-05-2016
08 Dec 16

Serbian Savers Keep Faith with Banks and Property

Despite the dismally low interest rates on savings, most Serbs still keep their spare cash in the banks or invest in real estate, partly because they fear – or do not know about – the alternatives.

14 Nov 16

Serbia Must Make Better Use of Bumper Harvests

27 Oct 16

Serbia’s ‘Huge’ Tax Burden is a Myth

Politics and Society

sofia-judges-complain-of-targeted-attack-12-07-2016
08 Dec 16

Bulgaria Judges Complain of Targeted Attacks on Courts

The decision of Bulgaria's Supreme Judicial Council to launch probes against the Sofia City Court and the Sofia Regional Court, and against an outspoken judge, Miroslava Todorova, has drawn protests. 

08 Dec 16

Croatian President's Year Sees High and Lows

Culture and Lifestyle

sarajevo-siege-novel-celebrates-decency-under-fire-12-01-2016-2

Sarajevo Siege Novel Celebrates Decency Under Fire

Wartime Sarajevo-based correspondent Kevin Sullivan’s new novel The Longest Winter tries to reflect the humanity and courage of people living in the Bosnian capital during the 1992-95 siege.