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Latest Business News

15 Dec 09 / 15:53:10

Highway to Link Serbia and Republika Srpska

Serbian Minister of Infrastructure Milutin Mrkonjic announced that construction of a 1.14 billion euro highway linking Serbia to Bosnia's Serb-dominated entity Republika Srpska, RS, begins in 2011.

14 Dec 09 / 14:45:23

Albania to Extend Speed Boat Ban

Albania’s government extended for three more years the country’s moratorium on speedboats along its coast in an effort to thwart illegal smuggling.

10 Dec 09 / 11:12:31

Bosnian Officials Cleared in Corruption Probe

Twelve senior Bosnian officials have been cleared of suspicion of corruption linked to the restructuring of the country’s power sector following a 20-month investigation, officials said on Thursday.

10 Dec 09 / 10:49:30

Bosnia Infighting Stifles Competitiveness

Despite its huge potentials, Bosnia remains one of the World's least competitive countries because its politicians hold up the key reforms, perpetuating a political crisis for their own interests, a top international diplomat in the country said.

02 Dec 09 / 09:55:42

Bosnia Gets '39 Mln Grant to Tackle Crisis

The European Union and Bosnia signed on Tuesday an agreement on an anti-crisis package for the Balkan country worth 39 million euros.

21 Nov 09 / 14:27:14

Balkan Leaders Pledge Economic Cooperation

Five Balkan leaders pledged Friday in Sarajevoto foster economic cooperation between their countries and encourage further investment in infrastructure, voicing hope that this joint effort will help their countries overcome the global economic slowdown.

20 Nov 09 / 10:21:14

Bosnia Gives Green Light to EIB Loans

Bosnia's central government gave the approval for loans from the European Investment Bank, EIB, totaling 90 million euros, which are to be used to support small and medium-size companies.

18 Nov 09 / 09:38:58

Corruption in Balkans Hinders Investments

The 2009 corruption perception index released by the Berlin-based watchdog Transparency International shows that most countries in the Balkans have not improved their position in the global anti-corruption index.

16 Nov 09 / 11:35:05

Bosnia: Dodik to Cut Ministers` Salaries

Ministers serving in Bosnia’s Serb-dominated Republika Srpska government will see their salaries cut by 15 percent in 2010, Bosnian Serb Prime Minister Milorad Dodik said.

13 Nov 09 / 15:28:24

Balkans Must Focus on Knowledge-Based Economy

World Bank Albania Country Manager, Camille Nuamah, says that poor rule of law, constantly changing regulatory frameworks, little investment in information technology and education risk thwarting economic growth in South East Europe.

13 Nov 09 / 14:44:25

Bosnia to Probe Sale to INA, MOL

The government of Bosnia’s Croat-Bosniak (Bosnian Muslim) entity has ordered a probe into the sale of the Energopetrol fuel retailer to the consortium of Hungarian Oil Company MOL and Croatia’s INA.

13 Nov 09 / 11:27:13

Balkan Countries Not Ready for Gas Crisis

Countries from Central Europe and the Balkans should do more in order be better prepared for a otential gas crisis and should find ways to reduce their dependency on Russian supplies, officials and businesspeople said
during a Central European Initiative, CEI, meeting held in Bucharest.

12 Nov 09 / 12:15:42

IMF May Delay Second Bosnia Tranche

The International Monetary Fund, IMF, could delay the release of the second installment of its stand-by deal with Bosnia, an official said.

12 Nov 09 / 10:58:36

Serbia Gives Subsidized Cars to Bosnian Serbs

The first shipment of Fiat Punto cars, subsidized by the Bosnian Serb and Serbia, left the Zastava car factory in Kragujevac on Wednesday bound for the Bosnian-Serb dominated entity of Republika Srpska.

09 Nov 09 / 11:50:03

Bosnia 2009 FDI Drops by Half

Foreign investment in Bosnia in the first nine months of this year fell by 56 per cent compared to the same period in 2008, the country’s investment promotion agency announced.