PPF still has the deal-making mojo after death of founder Petr Kellner

Robert Anderson in Prague January 11, 2022

New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.

Heavy EU spending failed to improve rule of law in Western Balkans

bne IntelliNews January 10, 2022

Over €700mn spent to little effect in candidate and prospective candidate countries, finds European Court of Auditors.

OUTLOOK: 2022 Montenegro

bne IntelliNews January 10, 2022

Tourism rebound supports gradual recovery from emerging Europe's worst corona-recession.

Spread of Omicron pushes coronavirus infections to all-time highs in parts of Southeast Europe

Denitsa Koseva in Sofia January 6, 2022

Albania and Croatia reported record numbers of COVID-19 infections while other countries are close to records set in previous waves of the pandemic.

New COVID-19 wave looms in under-vaccinated Southeast Europe

bne IntelliNews January 4, 2022

Soon after Southeast Europe emerged from the autumn wave of the pandemic, cases are already rising again as the Omicron variant spreads in the region.

Montenegro’s biggest industrial producer KAP shuts down after energy price hike

Denitsa Koseva in Sofia January 2, 2022

Rising electricity prices make aluminium smelter's production uneconomic and its owner was unable to reach an agreement with power company EPCG.

CEE banking: As good as it gets in (post-) crisis times and the challenging geopolitical environment

Gunter Deuber in Vienna December 20, 2021

Western European banks have made double-digit increases in the growth of their credit exposures to the CE/SEE region in the past 12-18 months.

Montenegro’s economy posts strong 25.8% y/y growth in 3Q21

bne IntelliNews December 15, 2021

Montenegro's economy is now recovering from the deepest contraction across emerging Europe last year.

Back to rail at the start of the Western Balkans’ green transition

Clare Nuttall in Glasgow December 13, 2021

The Western Balkans states are looking anew at long-neglected rail networks as they embark on the green transition. The EIB’s Matteo Rivellini outlines efforts to develop rail in the region.

Montenegro to probe wind farm deal linked to murdered Maltese journalist

Denitsa Koseva in Sofia December 5, 2021

Offshore company investigated by Caruana Galizia prior to her murder was reportedly involved in the Mozura wing park deal.

Montenegro’s biggest industrial plant KAP to halt production amid surging electricity prices

Denitsa Koseva in Sofia December 1, 2021

Montenegrin power company EPCG plans to hike the price it charges for electricity from January in line with rising prices on international markets.

Albanians and Montenegrins the least likely to shop online in Europe

bne IntelliNews November 30, 2021

Internet use and e-commerce are increasing in the Western Balkans but residents of the region are still less likely than their counterparts in the EU to make online purchases.

45.6% of Montenegrins think their country is going in the wrong direction

bne IntelliNews November 30, 2021

Just 31.9% of respondents said Montenegro is going in a good direction as many complained the government's priorities do not align with those of the population.

Montenegro’s dysfunctional ruling coalition limps on

Clare Nuttall in Glasgow November 26, 2021

Keeping President Djukanovic’s DPS out of power has proved a strong glue holding the coalition together, but rifts among its members have stalled Montenegro’s progress towards EU accession.

Central and Southeast European economies remain fragile, says Vienna Initiative of banks

bne IntelliNews November 18, 2021

Banks may be tested by the withdrawal of government help to companies, particularly as infection rates begin to soar again.

Montenegro probes allegations of President Djukanovic’s involvement in money-laundering ring

Denitsa Koseva in Sofia November 18, 2021

Djukanovic denied claim by Albanian oil businessman Rezart Taci that he had participated in an international money laundering scheme.

Ministry reveals Montenegro massively overspent on motorway project that ramped up country’s debt

Denitsa Koseva in Sofia November 16, 2021

Two feasibility studies published by the capital investment ministry indicate Montenegro’s previous government borrowed at least $140mn more than the first priority stretch of the Bar-Boljare motorway should have cost.

EBRD lifts emerging Europe forecasts but warns of threats ahead

bne IntelliNews November 4, 2021

The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.

THE VIEW FROM MITTELEUROPA: German traffic light coalition could worsen frictions with CEE

Marcus How and Gunter Deuber in Vienna November 1, 2021

A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.

bneGREEN: Energy crisis sends Western Balkans back to coal

bne IntelliNews October 26, 2021

Serbia and North Macedonia are raising coal power generation in response to the energy crisis that has seen electricity prices soar.