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Latest Business News from the Balkans

12 Mar 08

Romania Agriculture 'Halved Since 2001'

Bucharest _ Romania’s agriculture industry shrank by 17% in 2007 compared to the year before, the president of the National Statistic Institute, Vergil Voineagu, said Wednesday.

12 Mar 08

Serbia Credit Rating Outlook Drops

Belgrade _ A key international rating service lowered Serbia’s credit ratings outlook following the collapse of the government and tensions related with to Kosovo's declaration of independence.

11 Mar 08

Romania's Employment Outlook Rosy

Bucharest _ Employment outlook in Romania is looking positive with 43% of surveyed employers say they want to hire more workers, a study by work agency Manpower revealed Tuesday.

11 Mar 08

Serbia Financial Chiefs Pledge Stability

Belgrade _ Serbia’s key financial and monetary officials sought Tuesday to assure the public that the country will remain stable despite the collapse of the government and upcoming general elections.

10 Mar 08

Macedonia's Trade Deficit Rises

Skopje _ Macedonia’s foreign trade deficit reached around $180 million in January, nearly 45% more than the same month last year, the State Statistical Office said Monday.

10 Mar 08

Montenegro Eyes Cash Windfall From Beach

Podgorica _ The Montenegrin Government expects to attract billions of euros from a tender to rent a famous sandy beach, local media reported Monday.

10 Mar 08

Macedonia Women Forget 'Name' Dispute

Skopje _ Hundreds of Macedonian women celebrating International Women's Day on March 8 travelled to neighbouring Greece for the holiday, despite tensions between the two countries.

10 Mar 08

Fury Over Bosnia 'Radioactive Lorry'

Sarajevo _ Local residents in the Bosnian town of Zenica claim their health was put at risk when high levels of radioactivity were detected on a lorry traveling from a nearby Arcelor–Mittal steel plant, local media reported Monday.

10 Mar 08

Serbia Refinery Closed Amid Toxic Alert

Belgrade _ Serbian authorities have ordered an emergency shutdown of an oil refinery in the northern city of Pancevo after a public alarm system warned of a high level of cancerous gases in the air.

10 Mar 08

Bulgaria Blames EU For Freezing Funds

Sofia _ Bulgaria's State Agricultural Fund has accused the European Union of a lack of professionalism, after Brussels suspended farming funds to the country, local media reported Monday.

07 Mar 08

Record Inflation Hits Macedonia

Skopje _ Macedonia's finance minister called for public calm Friday, insisting that there was no need to panic over recent price hikes in the country.

07 Mar 08

Serbia's Reserves Drop

Belgrade _ The foreign currency reserves of Serbia's central bank, the National Bank of Serbia, NBS, dropped to €9.66 billion at the end of February – a fall of €122.2 million since January, according to a statement issued Friday.

07 Mar 08

EU Freezes Bulgarian Funds

Sofia _ The EU has frozen another fund earmarked for Bulgaria in response to alleged irregularities in the allocating of money from Brussels, Bulgarian media reported Friday.

06 Mar 08

Real Estate Slow in Serbia's Sandzak

Novi Pazar _ The real estate business in southwest Sandzak region has ground to a halt amid political instability following Kosovo’s declaration of independence.

06 Mar 08

Slovenian Firm Halts Business in Serbia

Vranje _ Political turmoil in Serbia has prompted Slovenia’s TUS retailer to shelve the construction of a shopping centre in the south Serbian city of Vranje, the company’s Belgrade branch said.