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Latest Business News from the Balkans

15 Jun 07

Serbian Government Proposes 2007 Draft Budget

Belgrade _ The Serbian government’s draft budget for 2007 envisions a spending gap of 13.7 billion dinars ($2.3 billion), or 0.5% of the Gross Domestic Product, Serbian media reported Friday.
14 Jun 07

Telekom Srbija pays 646 million euros for Bosnian Serb Operator

Sarajevo _ According to the Republika Srpska Privatization Agency, the Serbian telecommunications operator Telekom Srbija has paid 646 million euros for a Bosnian Serb operator, Telekom Srpske.
14 Jun 07

Bosnia-Croatia Peljesac Bridge Dispute

Sarajevo _Croatia's act of opening the tender for building a bridge that is to connect two southern Croatian territories, without signing a protocol with BiH, is a "one-sided act of the Republic of Croatia", according to Bosnian deputy communications and traffic minister, Veselin Poljasevic.
12 Jun 07

Montenegro Abandons Energy Sale to Russian Businessman

Podgorica, – Montenegro’s government on Tuesday bowed to parliament’s demand for it to abandon the planned privatisation of the country’s major energy complex at Pljevlja.
12 Jun 07

Kosovo's 2008 Budget Set at 850 million Euros

Pristina_ - Kosovo’s Minister of Economy and Finance, Haki Shatri, promised on Tuesday that the increased budget for 2008 will be mostly used to benefit teachers and pensioners. “Families of people who died in the war and war invalids will [also] be fully supported”, Shatri said.
12 Jun 07

Montenegro`s Parliament Opposes Privatisation Plan

Podgorica_Montenegro’s parliament voted 44-34 on Tuesday to oppose plans by the government of Prime Minister Zeljko Sturanovic to sell the country’s major energy complex to the Russian aluminum baron Oleg Deripaska.
12 Jun 07

Bosnian Telecoms Regulator Allows In-Country Roaming

Sarajevo _ Bosnian telecommunications regulator RAK will allow the country’s mobile phone operators to permit roaming between their networks and charge for the service, the regulator announced.
11 Jun 07

Italy's Enel Acquires Romanian Power Company

Bucharest_Romanian electricity distributor Electrica Muntenia Sud, or EMS, was acquired by Italy's Enel in a deal valued at 820 million euros, following signing of the privatisation contract on Monday.
07 Jun 07

Bulgaria Must Maintain Economic Growth, IMF Official Says

Sofia _ Bulgaria must continue to pursue a sensible fiscal policy and maintain its macroeconomic stability, a senior International Monetary Fund official said Thursday.
06 Jun 07

Remittances Yield $3 Billion, Serbia's CB Governor Says

Belgrade _ Remittances, or the foreign currency annually sent home by people working abroad, have contributed to Serbia’s economy with around $3 billion, Central Bank Governor Radovan Jelasic said Tuesday.
06 Jun 07

Montenegro Faces Government Crisis

Podgorica, Montenegro_The world's newest nation could face a government crisis if Montenegro's two ruling parties don't overcome differences over the privatisation of the country's biggest thermal plant and coal mine to the Russian billionaire Oleg Deripaska, a government source said on Wednesday.
06 Jun 07

Floods, Heavy Rains Damage Property in Southern Bulgaria

Sofia_ Torrential rains over Bulgaria in the last 24 hours have caused flooding and damage to property and roads in the southern part of the country.
05 Jun 07

Eight Companies to Compete Over Belgrade Bridge

Belgrade _ Eight foreign companies have placed their pre-qualification bids for the design and construction of a new 929 meters-long bridge over the Ada Ciganlija island on the Sava river in Belgrade, local media reported Tuesday.
25 May 07

Serbia to Pursue Restrictive Monetary Policy, Minister Says

Belgrade _ New Serbian government is planning to maintain its macro-economic policies aimed at preserving stability, Mladjan Dinkic, country’s Minister for Economy and Regional Development said.
21 May 07

Bulgaria: GERB Narrowly Wins Ballot for EU Assembly

Sofia_ The newly-founded party Citizens for the European Development of Bulgaria, GERB, emerged as the surprise winner in Bulgaria’s first election for the European parliament, following a close race on Sunday, according to preliminary results provided by Central Elections Committee on Monday.


18 Jan 18

EU Funds Bring Hope for Bosnia's Neglected Farmers

A last-minute political breakthrough means that Bosnian farmers may finally be able to access badly needed EU funds for agriculture.

20 Nov 17

Serbia’s IMF Arrangement Ends on High Note

06 Nov 17

Threat to Quit CEFTA Stirs Debate in Kosovo

Politics and Society

21 Jan 18

Greek Rightists Protest Against Macedonia ‘Name’ Deal

Tens of thousands of people on Sunday rallied in northern Greece's biggest city, Thessaloniki, against a ‘name’ compromise with neighboring Macedonia which they say would hurt their national interests.

20 Jan 18

Romanians Resume Anti-Corruption Protests

19 Jan 18

Russia Slaps New Ban on Bosnian Apples

Culture and Lifestyle


Vevcani Carnival Brings Humour to Macedonian Streets

One of the most famous village festivals held in the Balkans, the Vevcani carnival, took place this weekend in the western Macedonian village of Vevcani.