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Latest Business News from the Balkans

russia-cuts-down-gas-delivery-to-serbia
31 Oct 14

Russian Cuts to Gas Supply Worry Serbia

Amid reports that Russia was reducing gas supplies to Serbia in a dispute over debts, Serbia’s Prime Minister said the issue with Moscow would soon be resolved.

serbs-welcome-iphone-sale-in-queues
31 Oct 14

Midnight iPhone Sale Prompts Queues in Serbia

After iPhones went on sale legally for the first time in Serbia at midnight on Thursday, people waited in line to snap up the must-have devices.

croatian-government-introduces-new-tax-policy
31 Oct 14

Croatia Changes Tax Rates to Boost Liquidity

Croatia has presented a package of fiscal measures aimed at pumping more money back into the economy and easing companies' liquidity problems.

kosovo-risks-budgetary-crisis-as-a-result-of-political-deadlock
31 Oct 14

Kosovo Faces Budget Crisis Over Political Logjam

While Kosovo remains stuck in political deadlock, economists warn that the failure to form a government that can approve the budget risks pushing Kosovo into a fiscal limbo.

romania-moldova-gas-pipeline-still-not-operational
31 Oct 14

Romania-Moldova Gas Pipeline Still Not Open

A gas pipeline linking Moldova to Romania, aimed at reducing the former Soviet country's dependence on Russian gas, is still not working despite promises from politicians.

macedonia-boosts-industrial-output
30 Oct 14

Macedonia Registers Record Industrial Output

Macedonian industrial output rose continuously this year, reaching a record rate of growth in September, new data show.

balkans-creating-a-better-economic-climate
29 Oct 14

Balkans Do Better in 'Doing Business' Report

Most Balkan states have improved their positions in the World Bank's latest “Doing Business” report - some much more than others.

romanian-freight-company-reduces-staff
29 Oct 14

Romanian Rail Company Axes Third of Staff

Around a third of the employees at the Romanian railway freight company, CFR Marfa, will have been made redundant by December, following radical restructuring plans.

imf-scans-macedonian-finances
28 Oct 14

IMF Mission to Scrutinize Macedonia's Debt

The International Monetary Fund, IMF, has launched a monitoring mission to Macedonia tasked with determining its ability to repay its external debt.

croatian-development-bank-gives-loans-to-companies-fighting-bankruptcy
24 Oct 14

Croatian Offers Struggling Businesses Loans

The Croatian Bank for Reconstruction and Development, HBOR, has set aside 26 million euro in loans for businesses that have averted going bankrupt - but some say the sum is too small.

private-sector-employees-facing-hard-times-at-workplaces
24 Oct 14

Kosovo Private Sector Workers Suffering, Union Says

While unemployment has dropped in Kosovo in recent years, many wwho have accepted jobs in the private sector face appalling conditions, a union leader says.

macedonia-pushes-on-with-rail-link-to-bulgaria
23 Oct 14

Macedonia ups Tempo on Rail Link to Bulgaria

With work on the first section now in progress, Macedonia has issued a project call for the third and final stretch of its long-awaited rail spur to Bulgaria.

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.

Premium

austerity-is-bringing-serbia-no-benefits
31 Oct 14

Austerity is Bringing Serbia No Benefits

The revised budget reveals that the effects of the government’s ‘austerity’ policies are practically nonexistent - and will only result in a yet higher budget deficit.

Politics and Society

european-parliament-calls-for-investigations-on-eulex
31 Oct 14

Probe Demanded Into EULEX Corruption Allegations

The European Parliament’s Vice President, Ulrike Lunacek, said allegations that an official at the EU's Kosovo law mission EULEX took bribes to shut down cases must be investigated.

Culture and Lifestyle

belgrade-cultural-director-dismissed-over-public-criticism

Belgrade Cultural Director Axed For Criticism

Mia David Zaric, acting head of Belgrade Cultural Centre, was fired on Friday, following her criticism of planned changes to the October Salon, Serbia’s leading contemporary arts show.