Southeast Europe / News

Sberbank Europe to sell Hungarian unit and four other subsidiaries in CEE region

bne IntelliNews November 4, 2021

Buyer is Serbian tycoon Miodrag Kostic, who has built a financial empire with AIK Banka and Gorenjska Banka of Slovenia.

EBRD lifts emerging Europe forecasts but warns of threats ahead

bne IntelliNews November 4, 2021

The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.

German MEP urges Albania to stop “mass killing” of street dogs

bne IntelliNews November 4, 2021

Martin Buschmann says Albania must follow EU regulations on animal protection as it works towards accession.

North Macedonia’s opposition leader calls for immediate snap general election

Valentina Dimitrievska in Skopje November 3, 2021

Ruling coalition's future uncertain after PM Zoran Zaev announced his resignation.

Croatian electric hypercar pioneer Rimac ties up with Bugatti

bne IntelliNews November 2, 2021

Joint venture combines Croatian hypercar producer Rimac's EV expertise with Bugatti's 110-year heritage of design and engineering.

Bulgaria COVID-19 deaths soar to new record but government won't lock down

bne IntelliNews November 2, 2021

Health minister says no new lockdown but urges Bulgarians to stay home when possible and get vaccinated.

Romania’s PM-designate quits before vote in parliament

Iulian Ernst in Bucharest November 2, 2021

No clear way out of Romania's worst political crisis in decades as second attempt to form new government flops.

Bulgarian presidential candidate stripped of immunity after brutal attack on LGBTI centre

bne IntelliNews November 2, 2021

Eyewitnesses said Boyan Rasate of the far right Bulgarian National Union punched a female activist in the face and slashed the tyres of a scooter parked outside the Rainbow Hub in Sofia.

North Macedonia’s PM Zaev resigns after party’s crushing local election defeat

Valentina Dimitrievska in Skopje November 1, 2021

Candidate of Zoran Zaev’s SDSM lost by a wide margin to independent Danela Arsovska, backed by opposition VMRO-DPMNE, in the Skopje mayoral election.

Erdogan reportedly pulls out of COP26 after security downgrade

bne IntelIiNews October 31, 2021

British organisers said to have put restrictions on size of Turkish delegation and motorised vehicles.

Moldova seals 5-year contract with Gazprom

Iulian Ernst in Bucharest October 30, 2021

Moldova's long-term contract with Gazprom expired at the end of September, leaving the country vulnerable at a time when energy prices have surged across Europe.

North Macedonia’s ruling SDSM and opposition VMRO-DPMNE battle for Skopje

Valentina Dimitrievska in Skopje October 28, 2021

Independent candidate Danela Arsovska, backed by VMRO-DPMNE, is trying to wrest control of the capital from the SDSM's Petre Silegov in the mayoral election.

EU gives Moldova €60mn grant to mitigate energy crisis

Iulian Ernst in Bucharest October 28, 2021

Moldova has been struggling to pay for gas from alternative sources after Russia's Gazprom cut supplies on October 1.

Kremlin issues warning after Kyiv uses Turkish drone in eastern Ukraine strike

bne IntelIiNews October 27, 2021

Bayraktar T2B said to have destroyed Russian-made howitzer in separatist-controlled area. Russia says uses of battlefield technology risks destabilising conflict situation.

Constitutional Court ruling goes against key Bulgarian political player Petkov ahead of general election

Denitsa Koseva in Sofia October 27, 2021

Kiril Petkov, seen as a contender to become Bulgaria’s next prime minister, was found to have broken the law by holding dual citizenship while serving as caretaker minister.

FX outlets in Turkey to stop trading in protest at new ID rule

bne IntelIiNews October 27, 2021

Government made move amid fresh wave of lira depreciation that took currency to just short of 10 to the dollar.

Romania’s Blue Air to stick to London IPO plan despite failed reverse takeover

Iulian Ernst in Bucharest October 27, 2021

Ridgecrest terminated talks on a possible takeover of Romanian low-cost airline Blue Air, but the airline still plans to press ahead with a London IPO in 2022.

Slovenia’s economy shows signs of slowdown

Valentina Dimitrievska in Skopje October 26, 2021

As recovery continues, Slovenia is running up against the constraints of shortages of raw materials, intermediate products and skilled workers, central bank warns.

Moldova looks beyond Russia for natural gas supplies

Iulian Ernst in Bucharest October 26, 2021

As Moldova struggles to strike a new natural gas deal with Russia’s Gazprom, Chisinau has mandated state-owned company Energocom to buy additional gas from EU countries.

Sudden spike in coronavirus infections in Croatia and Slovenia

Clare Nuttall in Zadar Croatia October 25, 2021

Officials urge people to observe restrictions and get vaccinated as infections rise sharply.