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Latest Business News from the Balkans

romania-s-economy-speeds-up-to-fastest-growing-in-the-eu-08-16-2017
16 Aug 17

Romania’s Economy Named EU's Fastest Growing

Romania’s economy grew by a healthy 5.9 percent in the second quarter of the year, pushing its GDP to its highest level in 12 months. 

popular-fest-cancelled-over-deputy-pm-s-disco-raids-in-bulgaria-08-15-2017
15 Aug 17

Bulgarian Festival Cancelled Amid Nightclub Crackdown

SOLAR Summer, a popular electronic music festival at Bulgaria’s Sunny Beach resort, has cancelled its 2017 edition, fearing it might be targeted as part of deputy PM Valeri Simeonov’s ‘war on noise’.

bulgarian-government-s-night-club-raids-spark-controversy-08-14-2017
15 Aug 17

Bulgarian Deputy PM’s Disco Raids Spark Backlash

Bulgaria’s deputy premier Valeri Simeonov, who led raids on nightclubs in the Black Sea resort of Sunny Beach in which a popular DJ was arrested, has caused controversy with his ‘war on noise’.

balkan-mining-tycoon-detained-for-graft-in-israel-08-14-2017
14 Aug 17

Balkan Mining Tycoon Arrested for Alleged Graft

Billionaire Benjamin Steinmetz, the owner of two iron and gold mining companies in the Balkans, who is wanted by anti-graft prosecutors in Romania, has been arrested in Israel for alleged money laundering.

croatia-postpones-disputed-tax-law-after-petition-08-09-2017
09 Aug 17

Croatia Postpones Property Tax Law after Backlash

After a petition against a proposed law to introduce property taxes attracted over 130,000 signatures, the Croatian government decided to postpone its implementation.

bulgaria-extends-support-for-chinese-smart-city-near-sofia-08-08-2017
09 Aug 17

Bulgaria Backs New Chinese ‘Smart City’ Near Sofia

The Saint Sofia project, a huge, high-tech entertainment, retail, hotel and office complex funded by Chinese money, is expected to be built near Bulgaria’s capital over a three-year period.

russia-repays-bosnia-old-soviet-debt-08-08-2017
08 Aug 17

Russia to Repay Soviet-Era Debt to Bosnia

Russia is to repay $125 million to Bosnia and Herzegovina on Tuesday, finally resolving the issue of its Soviet-era debt to the former Yugoslav country.

macedonia-passes-budget-rebalance-08-07-2017
07 Aug 17

Macedonia Cuts ‘Wasteful’ Spending, Boosts Social Welfare

Macedonian MPs passed a budget rebalance that the government claims cuts unproductive spending to increase the minimum wage and support farmers, small businesses and workers at bankrupt companies.

russians-own-every-third-foreign-company-in-montenegro-08-07-2017
07 Aug 17

Russians Own Every Third Foreign Company in Montenegro

Although Podgorica’s relations with Moscow hit a new low this year when Montenegro joined NATO, almost every third foreign-run company in the tiny Adriatic country is still owned by Russians.

kosovo-seeking-for-solution-to-prevent-an-energy-collapse-08-02-2017
03 Aug 17

Kosovo Delays Action to Avert Coal Shortage

Kosovo's government has deferred a decision to expropriate houses in an area that was needed for coal mining in order to avert a potential energy crisis. 

croatia-s-trade-barrier-angers-neighbors-08-02-2017
02 Aug 17

Croatia's Raised Import Tax Angers Neighbours

Western Balkan countries have united in condemning Croatia's tax increase on imports of fruit and vegetables, with some hinting at possible counter-measures in response.

croatian-tourism-sector-needs-workers-07-31-2017
01 Aug 17

Croatian Tourist Boom Runs Short of Workers

Low quotas set for foreign workers and poor work conditions are being blamed for a labour shortage in in Croatia's otherwise booming tourism sector.

romania-joins-visegrad-states-in-eu-food-row-07-27-2017
28 Jul 17

Romania Joins Campaign Against 'Double Standards' in Food

Romania is joining a number of other Eastern European states who accuse big food retailers of using an EU loophole to sell inferior-quality products to their countries.

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.

Premium

belgrade-s-landscape-changes-for-ladies-of-public-transport-02-27-2017
16 Aug 17

Belgrade’s Landscape Changes for Ladies of Public Transport

It’s increasingly likely you’ll see women in the driver’s seat of Belgrade’s streetcars – but they still face the odd challenge.

02 Aug 17

Serbia’s Govt to Cash in on Sound of Music

20 Jul 17

Serbia in Two Minds Over New IMF Deal

07 Jul 17

Serbia Seeks to Boost Digital Start-Ups

Politics and Society

court-rejects-bosnian-serb-claim-to-army-facilities-08-16-2017
16 Aug 17

Court Rejects Bosnian Serb Claim to Army Facilities

The Constitutional Court ruled that military facilities in the country's Serb-dominated entity are owned by the state - a decision which could help Bosnia move towards membership of NATO.

16 Aug 17

Belgrade Beer Fest Offers Musical Refreshment

Culture and Lifestyle

men-don-t-cry-revealing-balkan-veterans-emotions-08-15-2017

‘Men Don’t Cry’: Revealing Balkan Veterans’ Emotions

A new feature film made by a Bosnian war veteran dramatically explores the minds of men who fought in the 1990s and how it affected them psychologically and emotionally.