Southeast Europe / News

Whistleblower who revealed massive corruption at Bulgarian border checkpoint fired

Denitsa Koseva in Sofia October 6, 2022

Numerous experts appointed by Kiril Petkov's reformist former government have been removed since the change of government in June, undermining the fight against corruption.

Romania’s BNR more hawkish than expected with 75bp rate hike, more to come

Iulian Ernst in Bucharest October 6, 2022

Romanian central bank's rate hike exceeds expectations as near-term inflation outlook worsens amid faster growth rates anticipated for natural gas, electricity and food.

Romanian president tries to save flagship education strategy after plagiarism scandal

Iulian Ernst in Bucharest October 4, 2022

Critics slam President Iohannis’s decision to appoint his adviser as education minister as he seeks to rescue widely-criticised Educated Romania project.

First official results from Bosnian elections put nationalists ahead after exit polls predicted losses

Denitsa Koseva in Sofia October 4, 2022

Defeat for Bakir Izetbegovic but other leading nationalist politicians like Milorad Dodik appear to be heading for victory with 50% of votes now counted.

Bulgaria’s fragmented parliament unlikely to produce stable new government

Denitsa Koseva in Sofia October 3, 2022

Seven parties have passed the 4% threshold and will enter Bulgaria’s new parliament, making the formation of a ruling coalition a virtually impossible task.

Nationalist leaders face upset in Bosnian elections

Denitsa Koseva in Sofia October 2, 2022

Exit polls indicate veteran nationalist politicians Milorad Dodik and Bakir Izetbegovic could have suffered shock defeats.

Bulgaria’s populist Gerb wins snap general election on record-low turnout

Denitsa Koseva in Sofia October 2, 2022

Exit polls indicate Bulgaria will get its most fragmented parliament ever and comments from the key parties in the run-up to the vote offer little hope of a stable majority being formed in parliament.

Might Trussonomics be a branch of Erdoganomics?

bne IntelIiNews September 30, 2022

Turkish expat who fled collapse of lira to London alarmed by Liz Truss’ self-inflicted blow to UK economy.

Report says Russian gas supplies to Europe via TurkStream now endangered

bne IntelIiNews September 29, 2022

Gazprom unit that operates pipeline said to be withdrawing all technical support.

Turkish state banks follow private lenders in freezing use of Russia’s Mir payment system

bne IntelIiNews September 28, 2022

Erdogan backed use of Russian Visa-equivalent after meeting with Putin. US reacted by stepping up pressure on Turkey over sanctions enforcement.

Romania's Chimcomplex fires 20% of its workforce as high gas price impacts it business

Iulian Ernst in Bucharest September 27, 2022

Romania’s largest chemical group Chimcomplex is one of the top natural gas consumers in the country.

Secret report reveals top officials knew Bulgaria wouldn’t benefit from Balkan Stream

Denitsa Koseva in Sofia September 27, 2022

Sofia paid over €1.5bn for its section of the Balkan Stream pipeline, which has never delivered any gas to Bulgaria.

Fugitive businessman Ilan Shor's party holds new mass rally in Chisinau

Iulian Ernst in Bucharest September 26, 2022

Shor's party is calling for the resignation of Moldova's government and president.

Serbia signs foreign policy document with Russia amid escalation of Ukraine war

bne IntelliNews September 25, 2022

MEPs call for Serbia’s EU accession talks to be frozen over foreign policy consultation plan signed with Moscow.

Romania’s government to speed up major natural gas projects

Iulian Ernst in Bucharest September 22, 2022

Bucharest will try to speed up development of the offshore Neptun Deep and the onshore deep Caragele field that together would cover Romania’s gas consumption for up to ten years.

Moldovan president calls for all Russian troops to leave the country

bne IntelliNews September 22, 2022

Maia Sandu tells UNGA that presence of Russian troops in breakaway Transnistria region violates Moldova' neutrality and increases security risks.

Bosnia’s Dodik gets a warm welcome in Moscow

bne IntelliNews September 20, 2022

Putin endorses Bosnian Serb leader, one of his few remaining European allies, ahead of Bosnia’s October elections.

Two Turkish banks suspend use of Russian Mir cards amid US sanctions pressure

Akin Nazli in Belgrade September 19, 2022

Isbank and Denizbank drop service. In recent days, Washington has cranked up pressure on Turkey over intensifying economic cooperation with Russia.

Croatia’s PM to fire INA managers if they refuse to resign over corruption scandal

bne IntelliNews September 19, 2022

Standoff between government and management at Croatian oil and gas company after large-scale embezzlement.

Montenegro’s ruling coalition agrees to nominate Demos leader Lekic for next PM

Denitsa Koseva in Sofia September 19, 2022

Montenegro moves closer to getting new government despite tensions among the 20 small parties forming the ruling coalition.