Montenegro
Ukraine faces one of worst declines in GDP from a war, says EBRD
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
EBRD warns of risk of 'zombification'
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Six dead in widespread flooding across Western Balkans
Floods, caused by heavy rain over the weekend, caused chaos in affected areas, blocking roads and forcing the closure of schools and businesses.
DATACRUNCH: Three small Southeast European economies are outperforming Emerging Europe
Croatia, Montenegro and Slovenia have been relatively resilient to the crisis this year, though a slowdown looms in 2023.
President and parliament locked in power struggle to control Montenegro
Montenegro is in its deepest political crisis in decades as President Djukanovic blocked the formation of a new government and is pushing for early elections.
EU announces €1bn in grants for Western Balkans, affirms support for enlargement
German Chancellor Olaf Scholz and top EU officials stress commitment to bringing six Western Balkan countries into the EU.
