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Latest Business News from the Balkans

croatia-vouches-selling-planed-state-property-07-27-2017
28 Jul 17

Croatia Vows to Meet State Asset Sales Target

Ministry says it will meet target of pouring 128 million euros into the budget by selling state-owned property and stocks in non-strategic companies - though some economists have their doubts.

chinese-group-sets-foot-in-romania-via-energy-acquisition-07-27-2017
27 Jul 17

Chinese Seal Major Romanian Energy Acquisition

A Chinese company will acquire Romania’s main Black Sea refinery after Bucharest approved its purchase of a majority stake in Kazakh-based KMG International, which owns 48.1 per cent of Rompetrol Rafinare.

croatia-agrokor-starts-repaying-small-suppliers-07-26-2017
26 Jul 17

Croatia's Agrokor Starts Repaying Indebted Suppliers

The state-appointed management of Croatia’s biggest company, Agrokor, said the company will now start repaying its small suppliers with a first tranche of 18 million euros.

swedish-row-exposes-eastern-low-cost-it-services-07-25-2017
25 Jul 17

Sweden Scandal Highlights Cheap Romanian, Serbian IT Market

The growth of the low-cost IT subcontracting market in Eastern Europe has been highlighted by a scandal over Romanian, Czech and Serbian programmers potentially having access to Swedish citizens’ data.

albania-pins-hopes-for-a-functional-capital-market-07-21-2017
24 Jul 17

Private Stock Exchange Aims to Fill Gap in Albania

The first private initiative stock exchange in the country is due to open in October - and hopefully fill an important gap in the country's economic and financial architcture.

bitcoin-atm-challenges-law-on-its-use-07-19-2017
21 Jul 17

Kosovars Warned About Using First Bitcoin ATM

Kosovo is about to get the first virtual currency ATM in the Balkans - but the central bank has warned potential users that they cannot expect much protection from the law.

dubrovnik-got-millions-from-game-of-thrones-study-shows-07-19-2017
19 Jul 17

'Game of Thrones' Brings Croatia's Dubrovnik Rich Reward

Fans of the cult TV series Game of Thrones spent almost 126 million euros in the Croatian city of Dubrovnik, where it was partly filmed, a research article shows.

albania-hopes-for-economic-relationship-with-japan-07-17-2017
18 Jul 17

Albania Hopes Japanese Embassy Will Boost Ties

As a Japanese embassy opened on Monday in Tirana, Albanian experts expressed hope that closer ties to the Asian economic superpower would now develop. 

legal-issues-holding-back-the-serbian-spas-privatisation-07-14-2017
17 Jul 17

Asset Rows Slow Sale of Serbia's Neglected Spas

Despite repeated announcements of the imminent privatisation of Serbia's 50 or spas, legal disputes over ownership of the assets is delaying the whole process.

bulgaria-to-ease-buying-farm-land-by-foreigners-under-eu-pressure-07-14-2017
14 Jul 17

Bulgaria May Scrap Barriers on Foreigners Buying Land

Under EU pressure - and to avoid heavy fines - the Bulgarian government is moving to remove barriers against the acquisition of agricultural land by foreign citizens.

no-consensus-on-guests-rights-on-croatia-s-beaches-07-11-2017
12 Jul 17

Access to Beaches Remains Hot Topic in Croatia

Reports about a teen who was allegedly turfed off a private beach have rekindled the controversy over whether private concessioners to Croatia’s public beaches are unjustifiably limiting people's access.

turkey-stays-top-of-albanian-holiday-destination-list-07-02-2017
03 Jul 17

Turkey Stays Top of Albanian Holiday Destination List

Albanians are continuing with their decade-long habit of holidaying in Turkey, though the Greek islands have started to become popular as well.

romania-sued-over-halted-gold-mine-project-06-30-2017
30 Jun 17

Canadians Sue Romania Over Halted Montana Gold Mine

The Canadian company Gabriel Resources is seeking 4.4 billion US dollars from Romania over the Rosia Montana gold mining project, which the government blocked in 2014. 

romanian-companies-affected-by-ransomware-attack-06-28-2017
28 Jun 17

Ransomware Attack Spreads to Romania

Several companies in Romania have been hit by the massive cyber attack that struck Ukraine on Tuesday and which continues to spread in Europe and Asia.

agrokor-boss-vows-to-tackle-problems-in-bosnia-06-23-2017
23 Jun 17

Agrokor Boss Vows to Tackle Problems in Bosnia

Ante Ramljak says future focus will now be on stabilising operations in Bosnia, where Agrokor’s daughter companies reportedly owe suppliers over 100 million euros.

Premium

eu-funds-bring-hope-for-bosnia-s-neglected-farmers-01-17-2018
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

ivanovic-killing-shows-serbia-and-kosovo-must-cooperate-01-23-2018
23 Jan 18

Ivanovic Killing Shows Serbia and Kosovo Must Cooperate

The EU must use the momentum generated by the joint probe into Kosovo Serb leader Oliver Ivanovic’s recent assassination to insist that Serbia and Kosovo’s prosecutors continue to work together to tackle serious crimes.

23 Jan 18

Challenges Facing Serbia in 2018

23 Jan 18

Most Macedonian Professors Wish to Emigrate

23 Jan 18

Unsafe Haven: Life and Death for LGBT Refugees

Culture and Lifestyle

kosovo-s-uta-ibrahimi-aims-to-climb-all-14-himalayas-peaks-01-23-2018

Kosovo Woman Aims to Climb All 14 Himalayan Peaks

After becoming the first Albanian woman to reach the top of Mount Everest, the highest mountain in the world, Kosovo’s Uta Ibrahimi is planning to climb all 14 peaks in the Himalayas.