Southeast Europe / Features
New American company seeks to realise Trans-Caspian pipe dream
The new proposal’s modest scope, and new diplomatic developments, could finally make the pipeline feasible.
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World headlines on bewildering collapse of lira overshadow Turkey’s announcement of 7.4% growth in 3Q
International press increasingly referring to the “Erdogan currency crisis”. “Our money has no value”, Turks complain to New York Times.
DATACRUNCH: Croatia’s post-crisis rebound goes beyond tourism
Croatia is rebounding from the deep hit to the economy last year with a broad-based recovery, but reforms are needed for the country to build on this and take advantage of inflows of EU funds.
LONG READ: East Europe fares better than West in gas crisis thanks to pricing terms
Europe has made a concerted push to end long-term contracts and switch to shorter-term gas hub prices. Countries in northern Europe that made that change have been burnt by the current gas price spike but those in the south that didn't fared better.
Montenegro’s dysfunctional ruling coalition limps on
Keeping President Djukanovic’s DPS out of power has proved a strong glue holding the coalition together, but rifts among its members have stalled Montenegro’s progress towards EU accession.
LONG READ: Russia looks poised to invade Ukraine, but what would an invasion actually look like?
Tensions are high and there is talk of a possible invasion of Ukraine by Russia. But what would that actually look like? How much destruction would it cause and how many people would die?
Opposition leader describes Erdogan as ‘national security problem’ as stunning collapse of lira shocks Turks
Calls for early elections mount as panicked workers start converting salaries into hard currency as soon as they are paid.
‘Titanic’ Turkey’s ‘insane’ policy settings rip hole in side of lira
Tirade from Erdogan in which he declared “economic war of independence” appears to have accelerated sinking of the ship.
Greece goes shopping for new defence relationships
Greece is building new defence relationships with Israel, Egypt, France and the US.
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Worsening of Turkey’s crisis ‘could spread contagion’
Impact versus country’s 2018 balance of payments crunch might be less as EM currencies generally don’t look like they’re in need of significant adjustment, while foreign investors have pared back exposure to Turkey, Capital Economics assesses.
Turkey ‘firmly in crisis territory’ after latest rate cut says Capital Economics
Warns lira threatens to burst through 13/$ in coming days. One analyst calls move “literally insane”. Opposition calls for early elections.
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Digital divide adds to multi-speed recovery from coronavirus finds EBRD
New EBRD Transition Report warns there is a widening gap between economies that have stepped up their use of online and digital services and those that have fallen further behind.
Bulgaria's latest election set to deliver another fragmented parliament
While President Radev cruises towards re-election, polls indicate Sunday’s snap general election will once again fail to deliver a majority.
Serbian “sugar king” becomes banking tycoon
Who is Miodrag Kostic, the man behind the acquisition of Sberbank’s Central and Eastern Europe units?
Political earthquake follows local elections in North Macedonia
The poor performance of the ruling Social Democrats in the local elections in North Macedonia triggered political turmoil in the country when Prime Minister Zoran Zaev immediately announced his resignation.
Bucharest stock exchange rebrands for the digital future in a record year
Amid the global stock market rally as the world recovers from the coronavirus pandemic, the Bucharest Stock Exchange has performed particularly strongly.
North Macedonia’s biggest mall opens in Skopje
North Macedonia's retail sector has bounced back from the coronacrisis and demand for modern retail space is strong.
Turkey now Ukraine’s top foreign investor, with already booming free trade set to grow further
Ukraine’s trade volume with Turkey can double to $10bn per year if the details on a long-awaited free trade deal are straightened out after years of negotiations.
Rising coronavirus cases don’t keep autumn sun-seekers away from Croatia
Tourist numbers rebounded close to pre-pandemic levels this summer, and remained strong during the early autumn.
Businessman’s detention puts spotlight on conditions in North Macedonia’s prisons
Jordan “Orce” Kamcev was kept in a damp, mouldy cell with no proper sanitation while awaiting trial.
