Southeast Europe / News

Romania’s ruling coalition nominates Mihai Tudose for prime minister

Iulian Ernst in Bucharest June 26, 2017

Former economy minister and confessed plagiarist Tudose was the only volunteer for the position after the ruling PSD ousted Sorin Grindeanu in a confidence vote in mid-June.

Moldova’s $1bn bank frauds mirrored in Transnistria

Iulian Ernst in Bucharest June 26, 2017

Transnistria to nationalise two banks, liquidate third in connection to $80mn loans extended by central bank, in case that appears to replicate $1bn bank frauds in Moldova.

Albania’s Socialists set to win second mandate

Valentina Dimitrievska in Skopje June 26, 2017

Exit polls indicate Edi Rama's Socialists are heading for outright victory in election seen as critical for Albania's progress towards EU membership.

New Macedonian government to strip "luxuries" from 2017 budget

Valentina Dimitrievska in Skopje June 23, 2017

SDSM-led government says conservative VMRO-DPMNE party planned to spend money on expensive furniture and luxury travel.

Mytaxi buys Clever Tech to take on Uber in Romania

bne IntelliNews June 23, 2017

Daimler's Mytaxi continues to strengthen position on European market with purchase of Romanian taxi-hailing app developer Clever Tech.

Turkish PM issues 'final' ultimatum to banks to cut rates

bne IntelliNews June 22, 2017

Turkish Prime Minister Binali Yildirim said the government will "take measures" if lenders refuse to ease interest rates.

Moldovan court sentences businessman Shor in $1bn bank fraud case

Iulian Ernst in Bucharest June 22, 2017

Shor becomes third person to be sentenced over frauds that cost Moldova more than 10% of its GDP.

Slovenian activists to force referendum on €1.4bn Koper-Divaca railway expansion

bne IntelliNews June 22, 2017

Project to expand line between Adriatic port and inland rail hub Divaca becomes hot political issue ahead of 2018 general election.

Romania’s ruling coalition overthrows dissident PM

Iulian Ernst in Bucharest June 21, 2017

Ruling PSD ousts its own prime minister, Sorin Grindeanu, in a confidence vote and is expected to appoint a low-profile candidate who will act as a proxy for its leader, Liviu Dragnea.

Transnistria devaluates currency by 25%

Iulian Ernst in Bucharest June 20, 2017

Separatist republic's central bank governor blames his predecessor's monetary expansion and Moldovan decision to cut electricity imports.

Russia’s Rosatom selling 49% in $20bn Akkuyu nuclear project to Turks

bne IntelliNews June 19, 2017

Russian state atomic energy corporation set to sign preliminary deal to sell stake in nuclear project Turkey badly needs to cut costs of imported energy.

Erdogan slams Washington brawl arrest warrants for security guards

bne IntelliNews June 16, 2017

Turkish president says Ankara will fight legally and politically against decision, US says move sends a clear message.

Serbia to get first female, first openly gay PM

bne IntelliNews June 16, 2017

President Vucic sends strong message of Serbia's commitment to liberal democracy and EU accession with selection of Ana Brnabic as his successor.

Romania’s ruling PSD to file no confidence motion against its own PM

Carmen Simion in Bucharest June 15, 2017

Social Democrats decide to remove Sorin Grindeanu after less than six months in office, as PM defies pressure to resign.

Turkish opposition leader sets out on 425km "justice march" for jailed MP

bne IntelliNews June 15, 2017

Thousands gather at Ankara start of Kemal Kilicdaroglu's walk to Istanbul prison to challenge spying conviction of Enis Berberoglu.

Activists thwart Balkan gold rush again

Clare Nuttall in Bucharest June 15, 2017

High gold prices in recent years resulted in a flood of investors into Southeast Europe - much to the dismay of local residents and environmental groups.

Call for protests after Turkish opposition MP is jailed for 25 years for espionage

bne IntelliNews June 15, 2017

Republican People’s Party says imprisonment of Enis Berberoglu over Syria arms article leak aimed at intimidating opposition amid ongoing state of emergency.

Romanian exchange rate fall heralds deeper economic impact of political turmoil

Iulian Ernst in Bucharest June 15, 2017

Exchange rate drops amid rampant rise in political instability, as EU funds absorption, better tax collection and reforms at state-controlled companies are put at risk.

Greece insists on finding a solution to the name dispute before Macedonia can join Nato

bne IntelliNews June 14, 2017

Macedonia's new Foreign Minister Nikola Dimitrov had a friendly and positive meeting with his Greek counterpart but was left in no doubt that a resolution to the name dispute would have to come before Macedonia can join Nato

Romanian PM isolated and under pressure to resign

Carmen Simion in Bucharest June 14, 2017

Sorin Grindeanu refuses to stand down as cabinet resigns and Romania's ruling coalition withdraws its support.