Southeast Europe / News

Bulgaria’s Change Continues inks coalition deal, nominates cabinet

Denitsa Koseva in Sofia December 11, 2021

Formation of the coalition should put an end to the deep political crisis in Bulgaria, which has gone through three general elections and two caretaker governments since April.

Biden pledges no backstage talks with Russia about Nato’s eastern flank

Wojciech Kosc in Warsaw December 10, 2021

US president reassures Bucharest Nine of commitment after talks with President Putin stoke fears.

Grim plights in Belarus and Turkey underlined as Committee to Protect Journalists reports “especially bleak year” worldwide

bne IntelIiNews December 10, 2021

Prison census finds number of journalists jailed around the world in 2021 hit a new record.

Dollarisation in Turkey surpasses record set during country’s 2001 economic crisis

Akin Nazli in Belgrade December 9, 2021

Turmoil seen amid collapse of lira starting to compare with market distress seen at end of 1970s prior to military coup.

Serbian government withdraws expropriation law that sparked mass protests, opposition sceptical

Eldar Dizdarevic in Sarajevo December 9, 2021

Changes to law on expropriation sparked two weekends of mass protests and road blockades as opponents argued it was tailored to mining company Rio Tinto, which is seeking to develop a huge lithium mine in the country.

Romania’s ruling coalition divided over “solidarity tax” for large companies

Iulian Ernst in Bucharest December 8, 2021

First crack appears in grand coalition formed to end long political crisis in Romania.

Kosovo announces plans to apply for EU membership

Valentina Dimitrievska in Skopje December 7, 2021

Pristina has informed the EU of its intention to apply for EU membership, but its relationship with Belgrade needs to be normalised first.

Corruption probe launched at Bosnia's biggest pharmaceuticals manufacturer

Eldar Dizdarevic in Sarajevo December 7, 2021

Bosnalijek's premises searched in connection to its controversial privatisation with Russian capital through offshore companies in several countries.

Mass protests throughout Serbia over law on expropriation and Rio Tinto project

Eldar Dizdarevic in Sarajevo December 6, 2021

Tens of thousands of people in more than 50 cities blocked roads against Serbia in protest against Rio Tinto's plans to build a huge lithium mine in the country.

Game of Thrones tourism brought in €180.7mn for Croatia

Denitsa Koseva in Sofia December 5, 2021

Interest in Dubrovnik, Split and Sibenik flourished after they were used as destinations in the hit TV series.

Montenegro to probe wind farm deal linked to murdered Maltese journalist

Denitsa Koseva in Sofia December 5, 2021

Offshore company investigated by Caruana Galizia prior to her murder was reportedly involved in the Mozura wing park deal.

Serbian president accuses Rio Tinto’s rivals of being behind anti-mining protests

bne IntelliNews December 3, 2021

Rio Tinto is seeking to develop the Jadar lithium project in Serbia but faces strong opposition.

Omicron variant ends Romania’s stock market rally

Iulian Ernst in Bucharest December 3, 2021

In the final week of November, Romania’s stock market indices posted their steepest decline since the initial COVID-19 shock in February-March 2020.

EU challenges China’s Belt and Road with €300bn Global Gateway

bne IntelIiNews December 2, 2021

Bloc’s giant investment offer may appeal to countries worried by Chinese “debt-trap diplomacy”. Beijing warns against geopoliticising infrastructure.

Erdogan makes ‘Albayrak’s man’ new finance minister with Turkey still mired in lira crisis

Akin Nazli in Belgrade December 1, 2021

Move came at end of first day of ‘front door’ interventions by central bank on FX market that reportedly burnt up in excess of a billion dollars.

Montenegro’s biggest industrial plant KAP to halt production amid surging electricity prices

Denitsa Koseva in Sofia December 1, 2021

Montenegrin power company EPCG plans to hike the price it charges for electricity from January in line with rising prices on international markets.

Kosovo clamps down over omicron fears

Valentina Dimitrievska in Skopje December 1, 2021

Pristina follows governments of Croatia and Slovenia in tightening border restrictions but also introduces stricter rules for people inside the country.

Serbian government caps prices of basic foodstuffs as inflation soars

Eldar Dizdarevic in Sarajevo November 30, 2021

Prices of sugar, flour, sunflower oil and other basic foodstuffs to be frozen at November 15 level.

45.6% of Montenegrins think their country is going in the wrong direction

bne IntelliNews November 30, 2021

Just 31.9% of respondents said Montenegro is going in a good direction as many complained the government's priorities do not align with those of the population.

Employees of Croatia’s Rimac Automobili attacked by racists in Zagreb

Denitsa Koseva in Sofia November 29, 2021

Electric hypercar producer Rimac Automobili is one of the most successful Croatian companies and has an increasingly international workforce.