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Latest Business News from the Balkans

cruisers-port-of-no-need-to-dubrovnik-07-21-2016
22 Jul 16

Cruise Liners' Terminal 'Not Needed' in Dubrovnik

After the project to build a special cruise-liner terminal in Dubrovnik foundered on Wednesday, some analysts say the world-famous Croatian maritime resort would not have gained much from it.

economists-believe-the-judicial-reform-will-help-businesses-in-albania-07-19-2016
20 Jul 16

Judicial Reform ‘Will Help Business in Albania’

The proposed judicial reform will help to improve the business environment because local and foreign investors often face corrupt or politically-influenced judges in property disputes, experts said.

bulgarian-court-denies-extradition-to-suspected-wall-street-fraudster-07-15-2016
15 Jul 16

Bulgarian Court Blocks Alleged Fraudster's Extradition

A Bulgarian court has blocked the extradition of Nedko Nedev, wanted in the US for market manipulation and insider trading, on the grounds that he has schizophrenia.

political-talks-revive-cancelled-belene-nuclear-project-in-bulgaria-07-14-2016
15 Jul 16

Bulgaria Deputy PM Backs Restarting Belene Project

After being ordered to pay compensation of over half a billion euros to Russia’s Atomstroyexport for nuclear equipment, Bulgarian politicians are considering restarting the abandoned nuclear power project in Belene. 

bulgaria-to-join-a-new-transport-route-from-iran-07-11-2016
12 Jul 16

Iran Invites Bulgaria to Join New Transport Route

Bulgaria's Prime Minister, on a visit to Iran, said Tehran had asked Bulgaria to join a new transport route running from the Persian Gulf to the Black Sea, bypassing Turkey.

political-wrangles-put-bosnia-s-imf-loan-on-hold-07-07-2016
07 Jul 16

Political Wrangles Put Bosnia’s IMF Loan on Hold

Unexpected delay in IMF program seen as major blow to Bosnia's hopes of staving off a liquidity crisis.

serbian-energy-power-industry-sackings-needed-for-long-awaited-reforms-06-30-2016
01 Jul 16

Serbia Under Pressure to Cut Power Utility Staff

The government is under growing pressure to undertake painful staffing of around 4500 people and pricing reforms in Serbia’s Electric Power Industry, EPS.

montenegro-s-spending-hike-fuels-debt-concerns-06-27-2016
28 Jun 16

Montenegro May Revise Budget to Cover Spending Gap

Montenegro will have to revise its budget for 2016 in order to cover a growing chasm in the public finances.

saa-costs-kosovo-customs-its-first-5-million-euros-06-27-2016
28 Jun 16

Kosovo Customs Earnings Rise Despite SAA

Despite the abolition of tariffs on a range of goods as a result of the Stabilisation and Association Agreement with the EU, Kosovo customs declared an 18-per-cent rise in revenues.

serbia-s-economy-after-brexit-depends-on-eu-economy-consolidation-06-27-2016
28 Jun 16

Serbia Ponders Brexit's Impact on Economy

Serbia’s economic stability during and after Britain's exit from the EU will depend on trends in the EU economy generally and on changes in the value of the euro, experts say.

gulf-group-builds-oil-recycling-plant-in-romania-06-22-2016
23 Jun 16

Gulf Group to Build Oil Recycling Plant in Romania

The Emirates Chemie-Tech DMCC group will set up an oil recycling plant in southeastern Romania, the first of its kind in the region.

public-administration-facing-new-layoffs-06-22-2016
22 Jun 16

Serbia Faces Further Public-Sector Layoffs

Serbia's Minister of Public Administration, Kori Udovicki, said up to 7,000 more staffers in the public sector will lose their jobs by the end of the year.

imf-cautions-against-serbian-payroll-increases-06-21-2016
21 Jun 16

IMF Cautions Against Serbian Payroll Increases

The International Monetary Fund thinks that public sector pensions and salaries should remain at their current levels in Serbia, despite recent government promises to raise both.

bulgaria-to-bid-for-selling-russia-produced-nuclear-reactor-06-20-2016
21 Jun 16

Bulgaria Seeks Buyers for Nuclear Reactor

Bulgaria's Prime Minister said selling the existing equipment of the incompleted new nuclear power plant at Belene was the best option for the country.

montenegro-minister-faces-grilling-over-tax-debt-06-17-2016-1
20 Jun 16

Montenegro Minister Faces Grilling Over Unpaid Taxes

The opposition in Montenegro said it had sought a hearing with the Finance Minister over hundreds of millions of euros in unpaid taxes, which the minister is trying to recover.

Premium

serbia-braces-for-brexit-fallout-07-08-2016
21 Jul 16

Serbia Braces for Brexit Fallout

If Britain's divorce from the EU triggers an economic downturn in member states, there could be serious knock-on effects for Belgrade, experts warn.

21 Jul 16

Macedonia Parties Trade Blame Over Budget Cuts

Politics and Society

serbian-court-rules-libel-compensation-to-montenegrin-journalist-07-22-2016
22 Jul 16

Serbian Court Upholds Montenegrin Journalist's Libel Claim

A court in Belgrade confirmed an earlier judgment against the news portal E-novine for defaming the prominent Montenegrin journalist Milka Tadic Mijovic and ordered it to pay her about 8,000 euros.

Culture and Lifestyle

bosnian-artist-carves-sculptures-from-pencils-07-21-2016

Bosnian Artist Carves Sculptures on Pencils

Jasenko Djordjevic, a miniature enthusiast and artist from Tuzla, is creating hundreds of tiny sculptures - carved on the tops of pencil tips.