With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
EU leaders sought to reassure the Western Balkans countries that their future is inside the bloc at Tirana summit.
Illegal movements along the Western Balkans routes have significantly increased in 2022.
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
Data shows rebound, but figures were below expectations as sharply rising prices kept some tourists away.
33% of Montenegrins want early parliamentary and presidential elections, and a further 30% just want a snap general election.
MEPs want accession completed by 2030 and a majority vote to approve new members, but say accession talks with Serbia should be halted if it doesn’t align with EU on sanctions.
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Floods, caused by heavy rain over the weekend, caused chaos in affected areas, blocking roads and forcing the closure of schools and businesses.
Croatia, Montenegro and Slovenia have been relatively resilient to the crisis this year, though a slowdown looms in 2023.
Montenegro is in its deepest political crisis in decades as President Djukanovic blocked the formation of a new government and is pushing for early elections.
German Chancellor Olaf Scholz and top EU officials stress commitment to bringing six Western Balkan countries into the EU.
World Bank urges governments to target support at most vulnerable households and businesses.
Milo Djukanovic is trying to force an early general election but the poor performance of the DPS at local level indicates his party continues to lose support.
For 2023 the wiiw has revised its forecasts down, and overall Emerging Europe growth will average just 0.3%, barely above the 0.2% predicted for the Eurozone.
Rising energy costs and higher fees for participating broadcasters due to Russia's absence made the annual song contest unaffordable for some Southeast European broadcasters.
Organiser says society "polarised and divided" as presidency and government buildings in Podgorica are lit up in rainbow colours.
European Political Community isolates Russia, welcomes back UK and reassures EU candidate countries.
Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.