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Latest Business News

macedonia-tightens-bank-control-over-grexit
30 Jun 15

Macedonia Tells Banks To Pull Cash From Greece

Central bank in Skopje tells commercial banks to withdraw money from banks in Greece, as a safeguard in case of a sudden Greek exit from the eurozone.

montenegro-obstracts-roaming-cut-regional-deal
26 Jun 15

Montenegro Court Blocks Deal to Cut Roaming Charges

An agreement on reducing roaming charges between Serbia, Bosnia, Montenegro and Macedonia could fail after a Montenegrin court called it 'unacceptable' for the country.

macedonia-slammed-for-failing-to-liberalize-energy-market
27 Apr 15

Macedonia Slammed for Failing to Liberalize Energy

Macedonia has breached its EU commitments to liberalize its energy market, the Energy Community has said, giving it only two months to rectify this failure.

eu-helps-create-balkan-transport-network
22 Apr 15

EU Hails Balkan Transport Network Deal

Leaders of six Western Balkans countries meeting on Tuesday in Brussels agreed on plans for a regional transport network, to which the EU has pledged 130 million euros.

unfair-competition-from-informal-sector-and-corruption-haunts-business-leaders-in-the-balkans
13 Apr 15

Graft and Grey Economy Hindering Balkan Business, EBRD

A new survey from the European Bank for Reconstruction and Development, EBRD, shows that corruption, competition with the informal sector, complex taxes and lack of access to bank loans are the chief complaints of business leaders in the Balkans.

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.

Politics and Society

macedonian-opposition-head-defies-courts
01 Jul 15

Macedonian Opposition Chief Dares Courts to Arrest Him

Opposition leader Zoran Zaev upped the ante with the authorities, daring them to apprehend him and saying he will not respect further court orders concerning his 'politically motivated' charges.

Culture and Lifestyle

enthusiasts-keep-alternative-arts-in-macedonia-alive
29 Jun 15

Enthusiasts Keep Alternative Arts in Macedonia Alive

With little money or state support, the fuel of the independent arts scene in Macedonia comes from enthusiast who connect up artists, the community and local businesses over their mutual goal –  presenting an alternative to the cultural mainstream.