Southeast Europe / News

Constitutional Court defers decision on Romania's budget-busting 40% pension hike

Iulian Ernst in Bucharest November 26, 2020

Scaling back the pension hike is a prerequisite for avoiding a sovereign downgrade.

MEPs urge European Commission to act against Hungarian media financing in North Macedonia and Slovenia

Valentina Dimitrievska in Skopje November 26, 2020

MEPs suspect “gross interference” in democratic process in North Macedonia by Hungarian companies close to PM Viktor Orban’s inner circle.

Turkey starts releasing virus data that includes symptom free cases

bne IntelIiNews November 25, 2020

Move comes out of the blue—and shows a daily case total more than twice as high as Iran’s.

Ukraine strikes deal with Turkey to produce killer drones instrumental in Karabakh conflict

bne IntelIiNews November 25, 2020

Production might possibly be complicated by parts export ban introduced by Canada.

Bulgaria imposes 3-week lockdown to slow down COVID-19 spread

Denitsa Koseva in Sofia November 25, 2020

The decision comes after weeks of high numbers of new cases putting intense pressure on hospitals. Many Bulgarians believe it comes too late.

Turkey to scrap asset ratio slapped on banks year ago

Akin Nazli in Belgrade November 24, 2020

Erdogan administration has launched a ‘market friendly’ period in attempt at stopping the rot of lira depreciation, but currency has been back under pressure this week despite chunky rate hike.

Turkey’s 10-year eurobond in market with final cost expectation of 6.10%

Akin Nazli in Belgrade November 24, 2020

Bankers speculate that $2.5bn worth may be sold.

Turkey seen as attracting $4bn via USD-TRY swaps during one week

Akin Nazli in Belgrade November 23, 2020

Changed limits on provision of dollars to London at spot for lira woos portfolio inflows, but foreign players can at any time use their lira to short the currency.

Bulgaria to impose lockdown to slow down coronavirus spread

Denitsa Koseva in Sofia November 23, 2020

The country ranked first in terms of the share of people who have died from coronavirus in Europe and the number of new cases remains high, above 4,000 per day.

Romania gets approval from EC for $8bn nuclear plant expansion

Iulian Ernst in Bucharest November 23, 2020

Project to include construction of Units 3 and 4 at the Cernavoda power plant and refurbishment of Unit 1.

Turkey under renewed pressure from EU over Cyprus and gas exploration

bne IntelIiNews November 20, 2020

Erdogan’s visit to breakaway north of Cyprus, described by Nicosia as “provocative and illegal”, has widened rift between bloc and Ankara.

North Macedonia mulls decriminalising cannabis to boost tourism

Valentina Dimitrievska in Skopje November 19, 2020

North Macedonia has opened a public debate on the decriminalisation of marijuana, after it legalised medical cannabis in 2016.

Slovenian PM Jansa stands alongside Hungary and Poland in EU rule of law row

Valentina Dimitrievska in Skopje November 19, 2020

Ministers from Jansa's coalition partners join opposition in criticising PM for position that "does not benefit Slovenia's interests".

Turkey’s virus outbreak “looks out of control” with Istanbul “total catastrophe” says opposition politician

bne IntelIiNews November 18, 2020

Iyi Party leader speaks out after Erdogan administration declines to bring in nationwide lockdown.

Bulgarians deeply divided over government’s decision to block North Macedonia’s EU talks

Denitsa Koseva in Sofia November 18, 2020

Critics slam Sofia’s decision to block its neighbour’s progress towards EU accession as “morally indefensible” and “pitiful”, link veto to Bulgarian ruling parties’ falling popularity ahead of 2021 general election.

Russian establishment quick to congratulate Moldova's new president-elect

Iulian Ernst in Bucharest November 18, 2020

A strong foe is better than a weak friend sums up Moscow's position on Moldova as Patriarch Kirill followed President Vladimir Putin in congratulating Maia Sandu.

EU ministers fail to agree on launch of accession talks with Albania and North Macedonia

Valentina Dimitrievska in Skopje November 17, 2020

Bulgaria uses veto to block North Macedonia’s progress towards EU accession, while Netherlands insists Albania meet all conditions by EU leaders.

Bosnia’s opposition ousts nationalist parties in major cities

bne IntelliNews November 16, 2020

Opposition parties made a major breakthrough in Bosnia & Herzegovina, winning in its two largest cities for the first time in years in the November 15 local elections.

Pro-EU candidate Maia Sandu wins presidential election in Moldova

bne IntelliNews November 16, 2020

Moldova likely to call snap general election after Moscow’s man Dodon loses runoff by a wide margin.

Moldova’s voters to decide country's direction in critical presidential election

Iulian Ernst in Bucharest November 13, 2020

This weekend's second round vote will pit pro-Russian President Igor Dodon against his pro-EU rival Maia Sandu, who currently looks set to defeat the incumbent.