IMF Calls for Better Banking Supervision in Bulgaria

The IMF called for better banking supervision in Bulgaria in the concluding statement of its mission to the country, which was released on Friday. The IMF notes that the collapse of Corporate Commercial Bank (KTB) and the ... More

Bulgaria: Google Registers Subsidiary in Bulgaria

Internet giant Google has registered a subsidiary in Bulgaria, Google Bulgaria EOOD. According to Business Register data, as cited by, Google Bulgaria EOOD was registered on March 10 by Google International LLC, a ... More

Bulgarian Car Tyre Maker Vidachim Axes 314 Workers

Over 300 employees of Bulgaria’s Vidin-based car tyre maker Vidachim will be unemployed as of Monday. Vidachim, one of the largest companies in Bulgaria’s poorest northwestern region, will issue redundancy notices ... More

Statement on prolongation of Autonomous Trade Measures for Western Balkan Countries

Following recent reports in BiH media, the EU Delegation/EUSR Office would like to clarify the following: The European Commission proposed in June 2014 an EU legislative act (COM(2014) 386) to prolong the so-called ... More

Ammunition from Konjic is being sold Worldwide

The specific type of production was recognized at the world market, so the economy giant from Konjic sends pistol ammunition, among others, to the market of Saudi Arabia, Turkey and USA. The president of the Trade Union ... More

German Company bought the Cable Factory “Kapis“ from Tomislavgrad

The sale of the Cable factory Kapis d.o.o Tomislavgrad was finished on Monday. The purchaser is the German company ATHABASCA Investment GMBH from Eschwage which is registered on 11th November 2014 with the initial capital of ... More

200 New Workplaces in Economy Sector opened in Srebrenica

The Chief of the Municipality of Srebrenica, Camil Durakovic, emphasized that a pleasant climate for investments has been created in this municipality, after which new investments of private companies from last year enabled ... More

European Investment Bunk approves EUR 70 million loan to support Montenegro

European Investment Bank (EIB) has approved a loan arrangement amounting to EUR 80 million to Montenegro’s Investment and Development Fund (IDF), the IDF’s Director Zoran Vukčević told the press following ... More

Serbian-language media in Kosovo at risk of closure

Many Serbian-language media in Kosovo-Metohija (KiM) could soon be closed as they do not have enough support of donors from the international community, or from Belgrade, participants of a debate said in Kosovska Mitrovica on ... More

Greece: Four scenarios for the government

By Alexis Papachelas Where is the government going with its approach? Is it heading for a rift with Berlin and the other creditors or kicking up dust before it achieves a compromise? Why has it dramatically reopened, even ... More

Balkan Stream, a Closer Look Behind the Scenes

As Russia begins to build a pipeline through Macedonia that could form the basis of a revised South Stream route, the Hungarian President is in talks with Erdogan over financing this enormous project. While many in the ... More

Plevneliev: Bulgaria Not Standing In Way Of South Stream

Bulgarian President Rosen Plevneliev said in Belgrade, on March 12 that his country did not stand in the way of any energy project, including South Stream, but that it could not allow European law to be broken within its ... More

Kosovo and Albania, one single trade area for energy

The cooperation between Kosovo and Albania in the energy field has started to become concrete. Kosovo and Albania have brought to life an agreement for establishing a joint energy market, with both countries being one single ... More

Construction of "Macedonian Gas Pipeline" begins

This weekend, the Russian company Stroytransgaz kicked off the construction of gas pipeline section Klecovce­-Bloc Station 5 within the project for construction of a national gas distribution system in Macedonia. ... More

EU aid to Textile and Leather Design School in Novi Pazar

Dutch Ambassador Laurent Stokvis and British Ambassador Denis Keefe visited the Textile and Leather Design School in Novi Pazar in which two classrooms were furnished with equipment delivered within the EU PROGRESS ... More

Slovenia Insists on Greece Honouring Its Commitments and Fair Attitude

Slovenia will insist on Greece repaying its debts and pressing on with reforms, Finance Minister Dušan Mramor said as he arrived for a meeting of the Eurogroup in Brussels on Monday. He criticised the Greek ... More

NBS takes decision on repayment of Swiss franc loans

Banks will have to offer their clients the option to convert Swiss franc-indexed housing loans to euro-denominated loans, the National Bank of Serbia (NBS) has said in a statement. The NBS has offered four models of converting ... More

NBS buys EUR 40 million, exchange rate at RSD 120.2381

The exchange rate of the Serbian dinar will remain unchanged on Wednesday since the National Bank of Serbia (NBS) made an intervention on the inter-bank foreign exchange market on Tuesday and purchased EUR 40 million, thus ... More

Business portal "" for well-informed SMEs

A web portal dedicated to small and medium-sized enterprises (SMEs) “” will provide entrepreneurs with better access to information, on available finance in particular. Minister of Economy Zeljko ... More

Prokopis Pavlopoulos elected new Greek president

Prokopis Pavlopoulos was voted the next Greek presi-dent on Wednesday evening by the Greek Parliament, with a total of 233 votes that included the ruling coa-lition parties and New Democracy (ND). Pavlopoulos was the candidate ... More