Businessman warns Albania faces arbitration over stalled Vlora airport concession

Behgjet Pacolli said his company Mabco Constructions could pursue international arbitration against Albania after the government launched procedures to terminate the concession contract for Vlora International Airport.

Moldova warns investors against privatisation deals in separatist Transnistria

Moldova does not recognise the legitimacy of privatisations by the separatist authorities in Transnistria, and potential buyers risk losing their entire investment, Deputy Prime Minister for Reintegration Valeriu Chiveri warned.

Serbia races to secure fuel supplies as historic Danube drought threatens imports and agriculture

Serbia is facing growing pressure on its energy and agricultural sectors as record-low water levels on the Danube disrupt fuel imports and deepen concerns over the impact of a prolonged drought.

Ukraine faces $3bn grain export loss as Russia's blockade empties Odesa of ships

Ukraine's alternative grain export routes will not reach the capacity needed to compensate for Russia's blockade of Black Sea ports until the end of August at the earliest, and even then will cover only half the volume normally handled through...

S&P warns of fiscal pressures ahead of Bosnia's autumn elections

Rating agency says pre-election spending will would push Bosnia’s public deficit above 3% of GDP this year.

Taliban delegation’s arrival in Moldova prompts government investigation

Chisinau says it is investigating decision to invite Afghan agriculture ministry officials as Moldova does not recognise Taliban rule.

Moldova imposes energy and water consumption restrictions amid regional crisis

Moldova has introduced restrictions on electricity and water consumption as the country faces a regional energy crisis and critically low water levels in the Dniester River, its main source of drinking water.

Romania seeks to divert Danube water to keep Cernavoda nuclear plant online

Romania is taking emergency measures to divert more Danube water towards the Cernavoda nuclear power plant as severe drought threatens to force the shutdown of its remaining operating reactor.

Romania reaches political agreement on euro adoption, president says

President Nicusor Dan unexpectedly announces adopting the European single currency was part of a broader agreement on key national priorities, but Romania remains far from meeting adoption criteria.

Romania clears four reforms tied to €3.5bn in EU recovery funds

But adoption of Integrity and Wage Laws critical for Romania to secure the remaining €1.54bn.

Record low Danube waters force Romania to shut both Cernavoda nuclear reactors

Nuclearelectrica said the controlled shutdown was required because of the "very low, unprecedented water level of the Danube", used for cooling.

Romania seeks to save flag carrier Tarom with revised restructuring plan

Romania will ask the European Commission for more time to restructure flag carrier Tarom after the airline failed to meet the financial targets attached to a €95mn state aid package.

Iran issues fresh warning to Bulgaria over hosting US military aircraft

Sofia seeks to reassure public there is no immediate security threat after Tehran says Bulgarian officials will bear responsibility for allowing their territory to be used in support of US operations.

Protesters arrested outside Albanian parliament as MPs debate US defence loan

A protest outside Albania's parliament escalated into clashes between demonstrators and police, as tensions rose over a $302mn US defence loan agreement.

Hungary's Viktor Orban calls for "national resistance" in first major speech after election defeat

Former PM Viktor Orban used his annual address at the Baile Tusnad summer university in Romania to outline his Fidesz party's strategy after its April election defeat.

US suspends 35% tariffs on Serbian goods, Vucic says

Serbia’s president says Washington temporarily lifted 35% tariffs on imports from Serbia while bilateral trade talks continue, in a boost for investment and economic ties.

Albanian police use water cannons as anti-government protesters clash in Tirana

Czech PM Babiš leads business delegation to Serbia to boost investment ties

Czech PM Andrej Babiš took a 50-company business delegation to Belgrade, with bilateral trade at €2.3bn and Czech investment in Serbia above €640mn since 2010. Prague wants a larger share of Serbian infrastructure work.

Bulgaria, Rheinmetall to restart talks on planned munitions plant

Bulgaria will restart talks with Rheinmetall on a planned €1bn ammunition plant after a government review found no founding agreement, no secured financing and an unsuitable site for the project.

Bulgarian PM Radev's approval falls for second straight month, poll shows

Bulgarian Prime Minister Rumen Radev's approval fell to 50% in July from 56% in May, with government approval down to 42%, though his Progressive Bulgaria party holds a commanding polling lead on 39%.