Southeast Europe / News

Polimeks stops building Ashgabat-Turkmenbashi highway amid Turkmen budget woes

bne IntelliNews March 1, 2018

Bodyguards of Turkish construction company’s CEO reportedly exchanged blows with Turkmen security officials who tried to prevent him from leaving the country, which has been plunged into an economic crisis by low oil prices.

Romania’s Transgaz takes over Moldovan pipeline operator

Iulian Ernst in Bucharest February 28, 2018

Vestmoldtransgaz operates Moldova's gas interconnector with Romania which will be extended to the industrial area around Chisinau, thus ending the country's dependence on Russian gas.

Bulgarian PM asks Prague for documents as probes ordered into sale of CEZ’s local business

Denitsa Koseva in Sofia February 27, 2018

Sale of energy assets to small, recently founded firm raised concerns about transparency and energy security in Bulgaria.

Western Balkans to take up to 180 years to catch up with the EU

Clare Nuttall in Bucharest February 27, 2018

Pace of reform will determine whether it takes decades or centuries for living standards in the Western Balkans 6 countries to converge with those in the EU, a new EBRD report shows.

CEE a laggard in wind power development

Carmen Valache in Berlin February 26, 2018

CEE accounted for a mere 1% of the wind capacity installed in 2017, as regional governments drag their feet on incentivising the sector at home and fail to steer ambitious policies in Brussels.

Slovenia prepares to sue Croatia as border dispute escalates

bne IntelliNews February 25, 2018

Zagreb has refused to implement a 2017 border arbitration ruling, saying the process was corrupted by Slovenian officials.

Bulgarian energy minister resigns over links to buyer of CEZ assets

bne IntelliNews February 23, 2018

Bulgarian politicians question sale of Czech energy giant's Bulgarian assets to small family-owned Inercom whose owner is a close friend of Energy Minister Temenuzhka Petkova.

Romania’s justice minister launches procedures to replace anti-corruption chief

Iulian Ernst in Bucharest February 23, 2018

The ruling coalition's risky attempt to remove Laura Kovesi from the helm of the DNA will inevitably spark more anti-corruption protests in Romania.

One dead in grenade attack on US embassy in Montenegro

bne IntelliNews February 22, 2018

An unknown man threw a grenade at the US embassy in Podgorica, the capital of Nato's newest member state, then blew himself up with a second device.

Western Balkans countries slump on Corruption Perceptions Index

bne IntelliNews February 21, 2018

Macedonia in freefall as setbacks across the region are bad news for hopes of accelerated progress towards EU accession.

Trading in Agrokor Group companies suspended

bne IntelliNews February 21, 2018

Zagreb Stock Exchange suspended trading of all listed Agrokor Group companies after the emergency manager of the debt-stricken food and retail giant resigned.

MTG confirms sale of Bulgaria’s Nova Group to Petr Kellner

Denitsa Koseva in Sofia February 19, 2018

Deal gives Central Europe's richest man significant influence on the Bulgarian media market, which is on the brink of a new wave of M&A.

Thousands join far-right march in Bulgarian capital

Denitsa Koseva in Sofia February 18, 2018

March to commemorate pro-Nazi WW2 general was officially condemned by the authorities but one organiser claimed it had top level political support.

Tillerson’s Turkey visit raises hopes of a reset in relations

Akin Nazli in Belgrade February 16, 2018

Turkey and the US agreed to normalise bilateral relations, strained by the Turkish campaign against the US-armed YPG Kurdish militia in Syria.

Agrokor seeks more time to reach deal with creditors

bne IntelliNews February 16, 2018

Stricken Croatian food and retail giant wants three-month extension as it seeks to restructure around €5.5bn worth of debt.

Progress on normalising situation in Transnistria gains momentum

Iulian Ernst in Bucharest February 16, 2018

The Moldovan authorities stepped up the economic pressure on the Russian-backed separatist republic last year, encouraging the authorities in Tiraspol to compromise.