Southern & SE Europe

Recession looms for Western Balkans as countries continue to grapple with the economic impacts of the COVID-19 (Coronavirus) pandemic.

Bulgaria remains an attractive investment destination for foreigners.

The new government in Moldova approved the 2020 draft budget on Wednesday (Nov. 27).

Croatia awarded permits to four companies for gas and oil exploration on six blocks in the country’s flat northern areas.

Cryptocurrency trading platform INX, plans to raise up to $130 million through an IPO in the U.S., an industry first. 

Russia is preparing to provide Serbia with a 172.5 million Euros ($195.4 million) credit, to be used for developing the latter's infrastructure projects, Russian media reported on Monday (July 1).

The European Investment Bank (EIB) Group invested €507 million ($639 million) in Croatia in 2018, the Luxembourg-based lender said on Tuesday (April 30), with a focus on transport, energy, infrastructure and social sectors.

Bulgarian fund Doverie United Holding has completed the purchase of Moldindconbank (MICB), Moldova's second-largest lender, the Sofia-based investment company has announced. 

Greece remains a dominant force in the shipping industry despite the economic hardships faced by the Mediterranean country.

Twelve percent (12%) of the companies in Bulgaria complained about delayed payments by contractors or the state in 2017, Eurostat statistics showed.