Southeast Europe / News

Bulgaria’s likely new ruling coalition to make relations with North Macedonia a priority

bne IntelliNews November 27, 2021

The progress of both North Macedonia and Albania towards EU accession is stalled because of Bulgaria’s veto on the start of accession negotiations with North Macedonia.

Concern mounts over new southern Africa coronavirus variant

bne IntelliNews November 26, 2021

The EU is planning a ban on travel from southern African countries after a new and highly infectious variant of the coronavirus virus was confirmed in Botswana and South Africa.

Romanian parliament backs new government after long political crisis

bne IntelliNews November 26, 2021

PSD and PNL put rivalries aside to form new government led by Nicolae Ciuca, ending lengthy political crisis.

Moldova disburses €70mn from state budget to pay gas bill to Gazprom

Iulian Ernst in Bucharest November 26, 2021

Russian gas major had threatened to switch off gas supplies to Moldova over unpaid gas bill.

Croatia signs €999mn deal to buy 12 used Rafale fighter jets

Denitsa Koseva in Sofia November 25, 2021

Nato member Croatia signs deal to bolster its air defences after tender process was delayed by the pandemic.

Iranians cheered by collapse of lira flood over Turkish border for Black Friday shopping

Daniel Rad in Dublin November 25, 2021

With Iran’s rial typically suffering only bad news given US sanctions, day-trippers didn’t need telling twice to make journey to bag some bargains.

Bosnia risks running out of coal as miners refuse to return to work

Eldar Dizdarevic in Sarajevo November 25, 2021

Miners have gone home after two days of protests in Sarajevo, but say they won't return to the mines until their demands are met.

Bulgaria confirms veto on start of EU membership talks with North Macedonia

Denitsa Koseva in Sofia November 24, 2021

Bulgarian decision blocks opening of EU accession talks with both North Macedonia and Albania.

Bosnian coal miners hold mass protest in Sarajevo

Eldar Dizdarevic in Sarajevo November 24, 2021

6,500 miners from seven mines in the Bosnian Federation held a protest in Sarajevo, forcing a shutdown of mining in the entity.

Moscow claims US rehearsing nuclear strike against Russia as East-West tensions rise further

bne IntelliNews November 24, 2021

Russia claims that US bombers flying only 20 km from Russia’s border were rehearsing a nuclear strike on Russia from two different directions earlier this month, the Defence Ministry said in a statement on November 23.

Commercial activity in Turkey grinding to halt amid uncontrolled lira depreciation

Akin Nazli in Belgrade November 23, 2021

Collapse of currency pushing up prices of imported raw materials. Fertilizer and other producers sitting on output as they cannot determine how prices will develop.

At least 46 people from North Macedonia died in bus crash in Bulgaria

Valentina Dimitrievska in Skopje, Denitsa Koseva in Sofia November 23, 2021

Tourist bus returning to North Macedonia from Istanbul caught fire and overturned, killing at least 46 people.

Romanian political crisis ends with formation of unlikely ruling coalition

Iulian Ernst in Bucharest November 23, 2021

Romania’s two biggest parties — the National Liberal Party and Social Democratic Party — put aside their rivalry to form a new government headed by Nicolae Ciuca.

Russia’s Gazprom threatens to cut Moldova’s gas off in 48 hours over unpaid bill

Ben Aris in Berlin, Iulian Ernst in Bucharest November 23, 2021

Russia’s national gas company Gazprom warned the Moldovan government on November 22 it would cut off gas supplies unless an overdue payment for gas was settled within 48 hours.

Turkey will need emergency rate hikes soon say analysts

bne IntelIiNews November 22, 2021

Currency sinks to yet another all-time low versus dollar of near 11.50 after defiant Erdogan vows to succeed in his "economic war of independence".

Bulgaria’s President Radev wins second term with landslide

Denitsa Koseva in Sofia November 21, 2021

Radev took two-thirds of the votes in runoff, while fellow reformers in Change Continues party try to put together a coalition government.

Tensions between Bulgaria and Turkey escalate ahead of Bulgaria's presidential election runoff

Denitsa Koseva in Sofia November 21, 2021

Supporters of the ethnic-Turk DPS party could play a critical role in Sunday’s runoff between the incumbent President Rumen Radev and Gerb-backed Anastas Gerdzhikov.

Albania’s EU accession talks still held up by Bulgarian veto on North Macedonia

bne IntelliNews November 19, 2021

Progress unlikely at upcoming EU Council meeting as Bulgarian politicians are still trying to reach a coalition deal following latest general election.

Turkey cuts rates again as Erdogan defies crisis warnings

Akin Nazli in Belgrade November 18, 2021

Lira drops 6%. "How events unfold from here is extremely uncertain," says analyst.

Central and Southeast European economies remain fragile, says Vienna Initiative of banks

bne IntelliNews November 18, 2021

Banks may be tested by the withdrawal of government help to companies, particularly as infection rates begin to soar again.