Albania, Bosnia & Herzegovina, Macedonia, Montenegro and Serbia are all among the 47 countries on the EU’s watchlist.
Investigation launched after Serbian opposition leader Vuk Jeremic claimed former PM's cousin and other top officials from the VMRO-DPMNE government laundered money via firms in Serbia.
NPL ratio has fallen by over 10 percentage points since the central bank and IFIs launched a new strategy to tackle the issue in August 2015.
Russia has clawed its way back from its weak position after the end of the Cold War to make firm friends across Southeast Europe even in countries that are firmly in the Western camp.
At current average growth rates, the Western Balkans countries won't achieve income convergence with the EU until the 2070s, finds a World Bank report that calls for structural reforms to boost GDP growth in the region.
Atlantic Council report claims that Washington's neglect has allowed Russia to reshape the geopolitical landscape in the region, and argues that a permanent US military presence is needed.
Only Albania and Serbia have attracted a significant increase in foreign investment compared to 2010, according to UNCTAD.
Turkey is an emerging geothermal superstar and countries across Eastern Europe are increasingly harnessing underground energy to provide cheap and eco-friendly local heating and energy.
Wartime commander of Bosnian Serb forces removed from courtroom after angry outburst before judge issues life sentence for massacre of 8,000 Bosnian Muslim men and boys.
The largest investment in Serbia's energy sector in three decades gets underway as Belgrade seeks to deepen economic cooperation with China.
Unemployment is still "staggeringly high" in the region and one of its governments' main policy challenges despite the creation of 230,000 new jobs this year, World Bank says.
US angered by light sentences for those involved in attack on Belgrade embassy during protest over Washington's support for Kosovan independence.