The Austrian lender, which has become more and more reliant on its Russian business over the years, is still rethinking its presence in the country.
Friendshoring has replaced nearshoring after the invasion of Ukraine, benefiting Western-aligned states but causing a shift away from Serbia.
wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.
The weak macroeconomic backdrop and the spectre of possible recession are likely to stifle M&A in the coming months, according to the annual CMS/Emis Emerging Europe M&A Report.
Benefiting from its geographic proximity and historic ties, Italy is already one of the top investors and trading partners of the Western Balkan countries.
EU officials want Bosnia to scrap its visa-free regime for Russian citizens, but faces opposition from pro-Russian politicians in Republika Srpska.
Borjana Kristo's new government will seek to return Bosnia to the path towards EU membership after the country received candidate status in December.
More than 10,000 cubic metres of waste including packaging, trees and discarded refrigerators cover sections of the Drina.
Socialists & Democrats accused Varhelyi of supporting secessionists in Bosnia and playing down democratic backsliding in Serbia.
The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.
There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.
Entity's president honours Putin at event marking the declaration of the Bosnian Serb state in 1993, sparking a four-year war that killed more than 100,000 people.
The war in Ukraine had a seismic effect on the security, political and economic landscape of Southeast Europe.
Unusually warm weather and the lack of snow have forced many ski resorts in Southeast Europe to delay the start of the winter season.
Eight countries in Europe recorded all-time high temperature records for January on New Year’s Day this year. The following data draws from the visualization of meteorologist Scott Duncan and reports by the BBC, Statista reports.
Closure reportedly follows disputes concerning unpaid rent and alleged political involvement.
Major Western banks had already adjusted their regional portfolio allocations back to Central Europe so the Ukraine war has not forced a complete reassessment of business strategies.
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,
Ashgabat said to be signalling that “it won’t get out of bed for anything less”.