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Latest Business News

chinese-corporation-to-build-new-albanian-highway
17 Mar 15

Chinese to Build Albanian Highway to Macedonia

Albania aims to fast-track procedures to give the China State Construction Company the concession to build a highway running from Tirana to Dibra/Debar in western Macedonia.

western-balkans-lag-in-structural-reforms-imf-says
11 Mar 15

Balkan Economies Falling Behind, IMF Warns

The Western Balkan are lagging behind other former Communist transitional countries and need to complete the transformation process that began two decades ago, an IMF report says.  

world-bank-cuts-croatian-gdp-growth-predictions
14 Jan 15

World Bank Revises Croatia's GDP Growth Down

In more bad news for the struggling centre-left government, the World Bank has altered its earlier forecast of Croatia’s GDP growth in 2015, cutting it from 1.2 to 0.5 per cent.

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

crime-and-corruption-left-a-100-billion-hole-in-balkan-economies
16 Dec 14

Illicit Outflows Rob Balkan Economies of $100bn

A study by Global Financial Integrity, GIF, says illicit money outflows robbed Balkan countries of the equivalent of more than 100 billion dollars during the last decade.

purchasing-power-in-region-far-below-eu-average
12 Dec 14

Albania and Bosnia Lag in Europe GDP Table

Albania and Bosnia have the lowest GDP per capita of 37 European countries examined, while Bulgaria is the EU's poorest country, the bloc’s statistics office, Eurostat, said on Thursday.

balkan-countries-mourn-south-stream-halt
02 Dec 14

Russian Pipeline Halt Raises Concern in Balkans

Russia’s decision to scrap its South Stream gas pipeline has caused concerns in Serbia, Bulgaria and Macedonia about whether they will miss out on promised energy benefits.

macedonia-s-output-climbs-for-more-than-a-year
28 Nov 14

Macedonia Industrial Output Continues Steady Rise

For 14 consecutive months, Macedonia's industrial output has been increasing, and business leaders have expressed confidence about continued expansion next year.

macedonia-borrows-more-money-for-rail-link-to-bulgaria
28 Nov 14

Macedonia Borrows Again for Bulgaria Rail Link

With work on the first section of the link now in progress, Macedonia is to borrow 145 million euro for the second stretch of its long-awaited rail connection to Bulgaria.

kosovo-complains-that-macedonia-steals-its-air-passengers
26 Nov 14

Macedonia Rebuffs Kosovo Over Flight Subsidies

Macedonia said that it will not stop subsidising low-cost passenger flights that boost its air traffic despite a complaint from neighbouring Kosovo.

turkish-airlines-eyes-macedonia-national-airline-bid
18 Nov 14

Turks May Help Macedonia Form National Airline

Turkish Airlines has indicated that it is willing to assist Macedonia set up its own national airline, following the demise of Macedonian Airlines several years ago.

macedonia-fdi-worse-than-last-year
04 Nov 14

Foreign Investors Shy Away From Macedonia

Despite being ranked as the region’s top country for doing business, Foreign Direct Investment, FDI, is down this year in Macedonia compared to the same period in 2013.

macedonia-boosts-industrial-output
30 Oct 14

Macedonia Registers Record Industrial Output

Macedonian industrial output rose continuously this year, reaching a record rate of growth in September, new data show.

balkans-creating-a-better-economic-climate
29 Oct 14

Balkans Do Better in 'Doing Business' Report

Most Balkan states have improved their positions in the World Bank's latest “Doing Business” report - some much more than others.

imf-scans-macedonian-finances
28 Oct 14

IMF Mission to Scrutinize Macedonia's Debt

The International Monetary Fund, IMF, has launched a monitoring mission to Macedonia tasked with determining its ability to repay its external debt.

Politics and Society

tapes-macedonian-pm-entangled-in-large-scale-corruption
26 Mar 15

New Tapes Show Macedonian PM Fixing Cuts

The opposition says its latest tapes show the Macedonian Prime Minister solicited millions of euros from companies as sweeteners while fixing tendering procedures.

Culture and Lifestyle

junkyard-art-holds-message-for-the-planet
11 Oct 14

Junkyard Art Holds Message for the Planet

Vlado Kostov’s sculptures, all made from scrap metal, are not just interesting artworks; they tell of the need to save planet Earth.