Moldova has been a banking black hole for more than two decades. But a deal where the EBRD and two funds take 41% in the country's biggest bank suggests the financial sector may be turning the corner.
Jeremy Hunt scores own goal as he angers politicians in countries that had been advocating a lenient approach to Brexit.
EC First Vice-President Frans Timmermans warns Bucharest over changes to justice laws and criminal codes that threaten the rule of law.
Bosnian Federation parliament is poised to approve guarantee for €614mn loan for controversial expansion of the Tuzla coal-fired power plant.
Government rebuts opposition line that it’s aiming to implement an IMF programme without the humiliation of using the IMF.
Capital Economics says data reaffirm that the Turkish economy is in recession. IHS Markit sees companies struggling to obtain supplies amid currency crisis.
The failure to meet the psychologically important threshold of 50%+ one voter means it will be more difficult for PM Zoran Zaev to muster the two-thirds majority in parliament he needs for the changes to be passed.
Despite diverging over human rights, Turkey’s leader and Merkel keep things diplomatic as they seek to rebuild relations between their closely interlinked economies.
Electric super sports car producer seals new deal with Automobili Pininfarina three months after Porsche took at 10% equity stake.
Ruling party seeks to galvanise voters while president tells them to stay at home, as Macedonia prepares for vote that will determine whether its future lies inside the EU and Nato.
Outrage at Ankara’s conduct during state of emergency may have weighed on mind of European football governing body. Bid evaluation report identified hotel accommodation and transport infrastructure inadequacies.
Breakthrough comes as country continues to fight currency collapse that could spark a banking crisis. Day also sees Turkish lira strengthen past the 6-to-the-dollar threshold.
Turkish media reports suggest 47 companies in the country made the move in three-week period, but there is no official data.
With the dark clouds of a deep recession gathering on the horizon, sentiment indicator falls 7% in a month.
Troubled shipbuilder Uljanik could face bankruptcy if it fails to find a strategic investor.
Liviu Dragnea defeated a dissident faction who sought his resignation, securing his position at the helm of Romania's ruling PSD — for now.