Capital sees Turkish economy contracting 2-4% y/y in H2 and early 2019.
Davide Martello plays The Beatles at a demonstration marking the one-month anniversary of a brutal intervention by the gendarmerie at an anti-government protest in Bucharest.
Analysts, however, warn of a false dawn, pointing out political pressure could limit the central bank’s room for manoeuvre.
Just days after being picked as the strategic investor in Serbia’s RTB Bor copper complex, the Chinese mining giant bid successfully for mining company Nevsun.
Proposed revision will raise spending but cut funds for the presidency and intelligence services which government officials claim are controlled by a "parallel state" trying to take over political power in the country.
Tirana sought to avoid a repeat of the violent riots in March by slashing tariffs for local residents who depend on the Durres-Kukes motorway.
Accounts of Croatia’s largest shipbuilder frozen again after four major orders cancelled, shortly after workers end strike over unpaid wages.
Environmental objections in Italy pose threat to last leg of Southern Gas Corridor designed to deliver Azerbaijani gas to EU.
Deputy PM Valeri Simeonov has threatened to withdraw his hard right NFSB from the coalition led by Boyko Borissov after the PM told three ministers to resign over the deadly Svoge bus crash.
Central bank says it is set to adjust its monetary stance, but market consensus is that it will not deliver the required radical rate hike given political pressure.
Popular Bucharest mayor Gabriela Firea called for the resignation of Interior Minister Carmen Dan, a close ally of the party's increasingly embattled leader Liviu Dragnea.
Decision to keep the policy interest rate at 6.5% indicates the central bank considers the healing of the banking system from the $1bn frauds that culminated in 2014 is not yet completed.
PM Boyko Borissov's government in the hotseat amid speculation that deadly bus crash was caused by poor road construction and maintenance.
Klaus Iohannis warns big farms in southeast Romania will be “virtually exterminated” by the crisis, resulting in damages of tens of millions of euros and thousands of lost jobs.
Economy set to contract 2-4% in Q4 says report as lira’s plunge accelerates past 6.75 to the dollar.
Downgrades primarily reflect substantial rise in risk of a downside scenario, where a further negative shift in investor sentiment could lead to a curtailing of wholesale funding.
Field narrows to two after Canada's Diamond Fields is disqualified, but comments by Serb officials indicate Zijin is the preferred investor.
BN TV reporter Vladimir Kovacevic was beaten up in front of his home after reporting on protests seeking justice for 21-year-old David Dragicevic, who died under suspicious circumstances in March.
Investors badly need some clarity on economic policy moving ahead concludes analyst as lira resumes its slide.
Creating a regional economic zone is seen as a way to boost trade and investment and has been strongly encouraged by EU officials.