Southeast Europe / Features

New American company seeks to realise Trans-Caspian pipe dream

David O'Byrne for Eurasianet December 3, 2021

The new proposal’s modest scope, and new diplomatic developments, could finally make the pipeline feasible.

World headlines on bewildering collapse of lira overshadow Turkey’s announcement of 7.4% growth in 3Q

bne IntelIiNews November 30, 2021

International press increasingly referring to the “Erdogan currency crisis”. “Our money has no value”, Turks complain to New York Times.

DATACRUNCH: Croatia’s post-crisis rebound goes beyond tourism

Clare Nuttall in Zagreb and Glasgow November 30, 2021

Croatia is rebounding from the deep hit to the economy last year with a broad-based recovery, but reforms are needed for the country to build on this and take advantage of inflows of EU funds.

LONG READ: East Europe fares better than West in gas crisis thanks to pricing terms

bne IntelliNews November 30, 2021

Europe has made a concerted push to end long-term contracts and switch to shorter-term gas hub prices. Countries in northern Europe that made that change have been burnt by the current gas price spike but those in the south that didn't fared better.

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.

LONG READ: Russia looks poised to invade Ukraine, but what would an invasion actually look like?

Gav Don in Edinburgh November 24, 2021

Tensions are high and there is talk of a possible invasion of Ukraine by Russia. But what would that actually look like? How much destruction would it cause and how many people would die?

Opposition leader describes Erdogan as ‘national security problem’ as stunning collapse of lira shocks Turks

bne IntelIiNews November 24, 2021

Calls for early elections mount as panicked workers start converting salaries into hard currency as soon as they are paid.

‘Titanic’ Turkey’s ‘insane’ policy settings rip hole in side of lira

bne IntelIiNews November 23, 2021

Tirade from Erdogan in which he declared “economic war of independence” appears to have accelerated sinking of the ship.

Greece goes shopping for new defence relationships

Gav Don November 21, 2021

Greece is building new defence relationships with Israel, Egypt, France and the US.

Worsening of Turkey’s crisis ‘could spread contagion’

bne IntelIiNews November 19, 2021

Impact versus country’s 2018 balance of payments crunch might be less as EM currencies generally don’t look like they’re in need of significant adjustment, while foreign investors have pared back exposure to Turkey, Capital Economics assesses.

Turkey ‘firmly in crisis territory’ after latest rate cut says Capital Economics

bne IntelIiNews November 18, 2021

Warns lira threatens to burst through 13/$ in coming days. One analyst calls move “literally insane”. Opposition calls for early elections.

Digital divide adds to multi-speed recovery from coronavirus finds EBRD

Clare Nuttall in Glasgow November 13, 2021

New EBRD Transition Report warns there is a widening gap between economies that have stepped up their use of online and digital services and those that have fallen further behind.

Bulgaria's latest election set to deliver another fragmented parliament

Denitsa Koseva in Sofia November 11, 2021

While President Radev cruises towards re-election, polls indicate Sunday’s snap general election will once again fail to deliver a majority.

Serbian “sugar king” becomes banking tycoon

Eldar Dizdarevic in Sarajevo November 9, 2021

Who is Miodrag Kostic, the man behind the acquisition of Sberbank’s Central and Eastern Europe units?

Political earthquake follows local elections in North Macedonia

Valentina Dimitrievska in Skopje November 8, 2021

The poor performance of the ruling Social Democrats in the local elections in North Macedonia triggered political turmoil in the country when Prime Minister Zoran Zaev immediately announced his resignation.

Bucharest stock exchange rebrands for the digital future in a record year

Clare Nuttall in Glasgow November 8, 2021

Amid the global stock market rally as the world recovers from the coronavirus pandemic, the Bucharest Stock Exchange has performed particularly strongly.

North Macedonia’s biggest mall opens in Skopje

Valentina Dimitrievska in Skopje November 1, 2021

North Macedonia's retail sector has bounced back from the coronacrisis and demand for modern retail space is strong.

Turkey now Ukraine’s top foreign investor, with already booming free trade set to grow further

Cameron Jones in Kyiv November 1, 2021

Ukraine’s trade volume with Turkey can double to $10bn per year if the details on a long-awaited free trade deal are straightened out after years of negotiations.

Rising coronavirus cases don’t keep autumn sun-seekers away from Croatia

Clare Nuttall in Split Croatia October 30, 2021

Tourist numbers rebounded close to pre-pandemic levels this summer, and remained strong during the early autumn.

Businessman’s detention puts spotlight on conditions in North Macedonia’s prisons

Valentina Dimitrievska in Skopje October 28, 2021

Jordan “Orce” Kamcev was kept in a damp, mouldy cell with no proper sanitation while awaiting trial.