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New rules in the Croatian aviation industry as country enters the EU

Balkans.com Business News / Croatia - Wed, 09/12/2015 - 21:20
June 30th-At midnight Croatia will become the 28th member state of the European Union, ushering in new rules and regulations in the Croatian aviation industry. The new business environment will have an impact not only on Croatia Airlines but Croatian airports and foreign airlines operating to the country as well. The Croatian government approved a final cash injection into Croatia Airlines late last year so as to avoid anti subsidy measures enforced by the European Union. Joining the 27 member bloc does not exclude Croatia Airlines from government subsidies, but does make it much harder to come by and requires approval from the European Commission. Since European Union based airlines will be treated as domestic carriers in Croatia from July 1 their taxes will be reduced. Similarly, Croatia Airlines will be considered a domestic carrier when operating to any European Union member nation. Furthermore, the Croatian carrier will have more freedom to operate within different EU markets. According to legislation, all EU airlines may operate air services on any route within the EU. However, this move is often too costly for legacy carriers to undertake. It is this legislation that could also harm Croatia Airlines. Low cost airlines registered in EU member states will be able to easily set up bases in the country. Ryanair has already jumped at the opportunity by opening a base in Zadar just a few months ago.Croatian airports will be the big winners from the country’s European Union membership. EU accession naturally brings with it more investment, tourism and business. In January 2007 Bulgaria and Romania joined the European Union thanks to which the airports in Sofia and Bucharest flourished. In 2006, Sofia Airport handled 2.2 million passengers. This number jumped to 2.7 million in 2007, an increase of 24%. Wizz Air created its Wizz Air Bulgaria subsidiary in 2006, a year before the country joined the EU. At Bucharest’s Henri Coanda Airport, the EU impact was even greater with numbers jumping from 3.5 million in 2006 to 4.9 in 2007, a 40% increase. Croatia’s costal airports have already benefited from numerous pre-membership funds which have been allocated to the development of airport infrastructure.
Categories: Balkan News

Croatia Airlines has been given approval to carry through its restructuring program

Balkans.com Business News / Croatia - Wed, 09/12/2015 - 21:20
Croatia Airlines has been given approval from the Croatian Competition Agency to carry through its restructuring program. The decision comes two weeks after the Agency sent Croatia Airlines’ proposal back for further clarification. The approval will now allow the Croatian carrier to continue on with its cost cutting measures, which are scheduled to be completed by 2015, by which time the airline expects to be operating with a profit. “Encouraging results from the first half of the year further confirm the effectiveness of the restructuring program and Croatia Airlines’ potential to operate as profitable business in the future. Our management is determined to implement all the necessary measures and goals and we believe the restructuring will have a positive outcome”, Croatia Airlines’ CEO, Krešimir Kučko, said following the Agency’s decision. The restructuring program given to the Agency outlines the airline’s plans to downsize on the number of employees. Croatia Airlines will close its representative offices in Austria, Switzerland, the Netherlands, Great Britain, Bosnia and Herzegovina and Macedonia. Furthermore, it outlines “a change in the carrier’s fleet structure” and a reduction in the number of operational jets. The airline is looking to sell some of its Airbuses as well as spare parts for the aircraft. The sale of slots at various European airports is also part of the restructuring program which should help the airline return to profitability. During this week Croatia Airlines held talks with Airbus in an attempt to cancel its 2008 order for four Airbus A319s. Following this year’s discontinuation of several routes, the airline further plans to cancel some loss making services in 2014 and 2015. “It is important to note that the European Commission is keeping a close eye on what is happening at Croatia Airlines. It is encouraging to see that the management realises that restructuring is the only way Croatia Airlines can stay competitive in the future”, Olgica Spevec, the head of the Competition Agency, says.
Categories: Balkan News

Croatian ENT - Mobile communication & EU accession as triggers

Balkans.com Business News / Croatia - Wed, 09/12/2015 - 21:20
Reassessing our expectations for the better, we arrive at a new target price of HRK 1,552 (from 1,505) and increase our recommendation to Accumulate (from Hold). With regard to ERNT's geographical scope, we identify increased spending aimed at speeding up mobile communications, partially demanded and funded by the EU. Stronger than expected growth could come from the CIS and/or Ericsson. Dividend expected to be cut to HRK 100 (from HRK 170) in 2013 on. While the attractive dividend payout has been fuelled to a great extent by remarkable WC reduction in recent years, we reckon that ERNT has hit a level from which it will be difficult to further lower working capital (DSO down from 211 in 2007 to 65 in 2012). ERNT's current valuation might still not seem a bargain but it is, in our view, justifiable, given the still attractive dividend yields (> 7%) and gradually improving financials.bne/Erste
Categories: Balkan News

As Croatia seals EU membership, anti-corruption analysts are urging the country to maintain the fight against graft

Balkans.com Business News / Croatia - Wed, 09/12/2015 - 21:20
Across Croatia, the bunting is up and parties are set to kick off in the main squares of its towns and cities as it celebrates re-entry to the European mainstream. But as Croatia seals EU membership, anti-corruption analysts are urging the country to maintain the fight against graft. Amidst the good cheer, economic reform has stalled and GDP has not shown meaningful growth since 2008, yet Zagreb has pushed past the strict criteria to join the club. Now, with the watchdog concerned that having achieved its goal Zagreb's efforts to stamp out graft risk coming to a standstill, Transparency International (TI) has slammed the failure to really get to grips with political corruption. For Croats, always proudly Western-looking, favourable comparison to their Balkan neighbours in a report looking into party political financing in the region will come as scant consolation. The international watchdog focused on Croatia's opaque system of campaign financing as a particular weakness. "Croatia should make political party financing more transparent to strengthen its democracy as it prepares to join the European Union (EU)," TI said in a statement. The report ranks Croatia third from bottom in the region in terms of "the reliability of political parties' financial reporting", beating only Serbia and Macedonia. "According to the report, independent experts in Croatia estimate that official reports on campaign financing only cover up to 50-60% of the actual revenue in campaign budgets," TI said. A common issue across the whole region is that structures and legislation are in place, but implementation is patchy, and this is apparently the case in Croatia's efforts to increase transparency. "A lack of reliable and accurate financial reporting from political parties leaves the door open to corruption and abuse of the democratic system by wealthy donors, including big business," said Anne Koch, Transparency International's regional director for Europe and Central Asia. Unholy alliance Luka Oreskovic, a Croatian researcher at Harvard University, told bne that the issue of election campaign finance in Croatia is closely tied to the broader challenge of corruption, and that efforts to tackle graft have necessarily to encompass those to enhance transparency in political funding. However, he concedes that reforms in recent years have substantially reduced the flow of suspect money. Previously, an unholy alliance between parties and PR and marketing companies led to the recycling of cash from the advertising spend of state-owned enterprises (SOE) back to the ruling party. Oreskovic says that this channel has now been "completely eradicated," noting that state-owned companies (of which Croatia still has a number as its privatisation efforts have slowed) are now banned from using PR agencies. That makes it "highly unlikely that services of PR and marketing companies will be used by SOE's in exchange for later favorable campaign financing and advertisements for the party in power," Oreskovic suggests. However, TI's report suggests "there is evidence to suggest that the media and advertising companies sell advertising space to parties and candidates at different prices", despite legislation intended to stamp out these practices. As the watchdog says, Croatia has gone further down the path of tackling high-level corruption than most of its neighbours. The jailing last year of former prime minister Ivo Sanander for graft and war profiteering, for instance, has few precedents. Oreskovic cites it as an example of the country's seriousness in the struggle. The hope is that Croatia's long-awaited EU membership will be an incentive to intensify that campaign, rather than to stall it, as many claim happened in the CEE states that entered the European bloc in 2004.By Andrew MacDowall in Split bne
Categories: Balkan News

Croatia's debt Misses EU-entry premium as economy stumbles

Balkans.com Business News / Croatia - Wed, 09/12/2015 - 21:20
Croatia's accession to the European Union on July 1 isn't being celebrated on the debt market as the ex-Yugoslav republic's borrowing costs rise relative to peers.The extra yield on Croatia's dollar bonds over those of other developing countries in JPMorgan Chase & Co.'s EMBI Global index increased to 86 basis points yesterday, the most since April 2, before falling to 50 today, according to data compiled by Bloomberg. The yield on Croatia's 2023 dollar note fell 8 basis points to 5.985 percent, after jumping to 6.40 percent this week, 62 basis points more than similar securities from Romania, an EU member with the same BB+ junk-rating from Standard & Poor's.Unlike its former-communist peers that became EU members last decade, Croatia is entering a bloc in the midst of its longest recession. While nations from Estonia to Bulgaria benefited from joining the world's biggest trading bloc, Croatia won't get a similar boost as it depends on tourism for about one-fifth of gross domestic product and as rising labor costs make it harder to attract investment into export industries.bne/Bloomberg
Categories: Balkan News

IMF Executive Board completes 3rd review under SBA with Bosnia, approves €38.9 mln disbursement

Balkans.com Business News / BiH - Wed, 09/12/2015 - 21:20
The Executive Board of the International Monetary Fund (IMF) completed the third review under a two-year Stand-By Arrangement (SBA) with Bosnia and Herzegovina (BiH) on a lapse-of-time basis.[1] The completion of the review enables the disbursement of an amount equivalent to SDR 33.82 million (about €38.9 million), which will bring total disbursements under the arrangement to SDR 169.1 million (about €194.4 million).The economy is showing tentative signs of recovery and modest growth of 0.5 percent continues to be projected for 2013. External and domestic risks to the growth outlook, however, while reduced, remain substantial.The SBA remains on track. All end-March 2013 performance criteria (PCs) were met, although data to assess the criterion on the non-accumulation of domestic arrears by the general governments of the Federation of Bosnia and Herzegovina and the Republika Srpska are not yet available, due to delays in reporting by lower levels of government. In light of this difficulty and the fact that there is no indication that this PC was not met, the Executive Board approved a waiver of applicability of this PC. Continued progress was also made in implementing structural reforms aimed at strengthening public financial management and tax administration, and safeguarding financial sector stability.The SBA with BiH was approved on September 26, 2012 (see Press Release No. 12/366) in an amount equivalent to SDR 338.2 million (about €388.9 million, or US$508.6 million).bne/IMF
Categories: Balkan News

Mobile market in Bosnia and Herzegovina has seen a number of significant developments in recent years

Balkans.com Business News / BiH - Wed, 09/12/2015 - 21:20
The mobile market in Bosnia and Herzegovina has seen a number of significant developments in recent years that has increased competition and accelerated development of services in the country. Wireless data services are becoming more established, with operators extending investment outside their historical concession areas. Meanwhile, the introduction of mobile number portability will put downward pressure on prices and should result in an increase in total subscriptions. Meanwhile, in the wireline market there has been some consolidation, creating converged service players that should challenge the incumbents. There is also the prospect of the privatisation of some of the state holdings in the sector, with reported interest from major telecoms groups in the region. These developments are ushering in a brighter era for the market, which in 2013 still remains a laggard in the region in terms of service penetration for mobile and broadband, with relatively high prices and little progress on VAS.Source: Fast Market Research
Categories: Balkan News

Bosnia’s biggest utility EPBiH chose three bidders for its Tuzla plant

Balkans.com Business News / BiH - Wed, 09/12/2015 - 21:20
Bosnia’s biggest utility EPBiH has shortlisted Japan’s Hitachi, a Spanish-led group and a Chinese consortium to build a 450 MW coal-fired unit at its Tuzla plant. EPBiH chose the three bidders out of 11 international firms and consortia which had applied to build the unit at the Tuzla plant, at an estimated cost of around 1.65 billion Bosnian marka ($1.1 billion), an EPBiH spokeswoman said. The project will be one of the largest investments in the Balkan country’s ageing energy infrastructure, where outdated coal-fired plants face rising consumption, Hurriyet Daily news.
Categories: Balkan News

Have Bosnia's long-ignored citizens finally awaken?

Balkans.com Business News / BiH - Wed, 09/12/2015 - 21:20
Tahrir Square, Taksim Square, and now, Sarajevo's Bosnia-Herzegovina Square. Thousands of Bosnians formed a human chain there last week, refusing to let parliamentarians leave until they broke a stalemate that prevented vital identity documents from being issued. After years of unrelenting political deadlock, have Bosnia's long-ignored citizens finally awaken?The answer is at best, maybe. It remains to be seen whether upset over identity numbers, which are essential for birth certificates and passports, has touched a wellspring of suppressed anger as in Turkey and Egypt or is merely an episodic burst of desperation.Surely, popular anger will intensify as government inaction has now taken a tragic turn (the infant denied treatment in Germany because the parents could not obtain a passport has died.)On the other hand, defying international efforts to stimulate civil society, the Bosnian public Serbs, Croats, and Bosniak Muslims alike has mostly sat back and watched passively for nearly two decades as wartime-era politicians have squabbled while exploiting their positions for personal and party gain.Indeed, the elites in Bosnia are easily the least accountable in the Balkans, which is a notable achievement in a region with little tradition of actually seeking the views of voters. Bosnia's parties function as corporations without shareholders, divvying up their influence over an array of Socialist-era enterprises and public utilities while they squabble along ethnic lines.These parties exist for the revenue that they can absorb, maintaining their grip on power through a combination of patronage, manipulation of the media, and populist messages that still resonate strongly in deeply divided Bosnia. If ever a besotted country deserved the government that it has, it is Bosnia, which has continued election after election to fall for cheap nationalist theatrics and send the same parties, indeed the same leaders, back to office. If he could have visited Bosnia, Abraham Lincoln might well revise his maxim that "You can't fool all the people all the time."What's more, even if the identity number protests prove to be a true "Bosnian Awakening", such a movement cannot by itself bring about the change that Bosnia desperately needs. This is because the country remains in the grips of deep ethnic divisions, which the protests only threaten to aggravate.To recap, the mess over identity numbers is caused by the insistence of Serb representatives on a special prefix that will distinguish their entity, Republika Srpska, from the central state a variant of the core dispute that brought Bosnia into three-and-a half-years of war.Rather than consider modifying their position in the wake of public outrage, RS leaders have seized on the protests as evidence that Sarajevo is "unsafe" for Serbs, continuing the wartime and post-war narrative that a strong Bosnia threatens Serb interests.Sadly, despite the polarization that has been painfully obvious in Bosnia since the war ended in 1995, a seductive theory took hold among foreigners a decade ago that Bosnia's progress hinged on giving these same feuding, venal politicians "ownership" over their destiny, displacing the international supervisor who had prodded the parties into post-war state building.In 2006, the then High Representative, Christian Schwarz-Schilling, embraced the ownership theory and announced that he would no longer intervene to overcome intransigence by the country's politicians. This self-emasculation proved Bosnia's turning point. The country's progress in building effective, representative institutions precisely the kind necessary to join the EU immediately went into reverse in the face of unrelenting assault, chiefly from the RS leadership. The result has been economic decay and political stagnation, presided over by a crony, multi-ethnic political establishment.The downward spiral at the central level has cast its shadow over the unwieldy Federation of Bosnia and Herzegovina, the entity that links divided Croats and Bosniaks, diminishing the incentive to pursue reform there as the country's central institutions continue to unravel. A recent, US-sponsored conference elicited valuable suggestions on reforming the Federation entity, but that there are no indications of serious commitment to realizing the reforms.Four years ago, Washington also tried its hand at sparking interest among Bosnia's Serb, Croat and Bosniak leaders in reforming critical flaws in the country's constitution, but that effort also went nowhere. Apart from these efforts and the occasional high level visit, international policy in Bosnia has mostly been on auto-pilot with Brussels relying on Bosnia's presumed interest in joining the EU as the mainstay of its policy, while American officials still exhort the country's politicians to mend their dilatory ways.The embarrassing standoff in front of the state parliament which trapped a group of visiting bankers considering investing in Bosnia should serve as a wake-up call. Policy makers must grasp that if the protests take hold, the result is not likely to be quiet reform, but heightened inter-ethnic tensions.This is because the protests are mostly a Bosniak affair. Bosnia's Croats and Serbs remain alienated physically and politically from the state capital, Sarajevo. At the same time, ignoring those Bosniak protestors risks an insidious form of alienation among Muslims, who may lose hope altogether in an EU future.Brussels must finally shelve the blithe notion that Bosnia can continue to drift while the EU dangles the remote carrot of eventual membership. Instead, as she has done so effectively in Kosovo, EU foreign policy chief Catherine Ashton must become personally engaged.But Ashton will need a strategy to dismantle the sclerotic party and governing structure that maintains its stranglehold over Bosnia, perpetuating ethnic division. Instead of the cookie-cutter approach, Brussels must finally craft a stabilization and association plan for Bosnia that is grounded in reality.The country simply does not have and cannot produce on its own a fully functioning state and political system; and the existing Stabilization and Association policy, devised in Thessaloniki ten years ago, works only with countries that have such a system.Seizing on the shared interest of Bosnians in joining the EU, it is Brussels which must supply the critical incentive to reform, linking with absolute clarity and resolve Bosnia's internal political and administrative functionality with meaningful rewards on its EU prospects.bne/Transconflict
Categories: Balkan News

Bosnia has the lowest GDP per capita in Europe, Eurostat data shows

Balkans.com Business News / BiH - Wed, 09/12/2015 - 21:20
EU statistics agency says Bosnia and Herzegovina has the lowest GDP per capita of 37 European countries examined.Bosnia and Herzegovina has the lowest Gross Domestic Product, GDP, per capita and the lowest Actual Individual Consumption, AIC, of 37 European countries, according to a report by the EU statistics agency Eurostat.The research covered all EU member states, plus Switzerland, Iceland, Norway, Croatia, Macedonia, Serbia, Turkey, Montenegro, Bosnia and Albania.Based on preliminary results for 2012, Bosnia's GDP, expressed in Purchasing Power Standards, PPS, is only 27 per cent of the EU average, while Bosnia's AIC is 36 per cent of the average.At the end of last year, the official number of unemployed persons in Bosnia was 550,574, 44.4 per cent of the working-age population, the highest number ever recorded.A GDP that is 72 per cent lower than the EU average puts Bosnia last overall on the list, behind all other countries from the Western Balkans.Albania is not far behind Bosnia, with a GDP that is 30 per cent of the EU average, while Serbia and FYR Macedonia are both on 35 per cent and Montenegro is on 42 per cent.Croatia, which is going to become an EU member state on July 1, is the richest country in the region. Its GDP is 61 per cent of the EU average. This puts Croatia above two existing EU member states, Romania (59 per cent) and Bulgaria (47 per cent).Luxembourg has the highest GDP level among the EU member states at 271 per cent of the EU average. By Kenan Efendic, BIRN, Sarajevobne/BIRN
Categories: Balkan News

Albanian C.Bank keeps basic interest rate unchanged

Balkans.com Business News / Albania - Wed, 09/12/2015 - 21:17
Bank of Albania (BoA) Governor Ardian Fullani on Wednesday said the bank will keep its basic interest rate for Albanian Lek (ALL) unchanged at 3.75 percent, and reconfirmed the bank's previous economic projection for the country.Fullani said in a regular monthly press conference that the BoA decided to keep its projection for Albanian economic growth at the same level as in 2012. He added that annual inflation is expected to stand at 2.1 percent.The governor stressed that BoA once again pointed to importance of maintenance of fiscal equilibrium and control on deficit and public debt.bne/Xinhua
Categories: Balkan News

Opposition wins Albanian parliamentary elections

Balkans.com Business News / Albania - Wed, 09/12/2015 - 21:17
The election was always expected to be closely fought, and the results contested, as political patronage is huge in Albania - with the winners historically undertaking a wholesale clearance of civil servants/bureaucrats. Both parties are pro-EU, but a question will be how long instability lasts around any challenges to the election result and how much institutional memory can be retained with the change of government. I guess if these exit polls are confirmed, then the plus factor is that the scale of victory for the Socialists is sufficiently large so as to limit the Berisha administration's ability really to hold out against conceding defeat. For the aged Berisha this might mark his final bow from politics, as it is unclear whether he would want a long stint now in the opposition.bne/Standard Bank
Categories: Balkan News

Albania drops electronic voting from June 23 parliamentary elections

Balkans.com Business News / Albania - Wed, 09/12/2015 - 21:17
The Central Electoral Commission, CEC, has abandoned the planned use of new pilot technologies in the June 23 parliamentary elections, after tests revealed problems.The Electoral Code mandated the CEC to pilot two new election technologies for these elections: an electronic voter verification system, EVS, in the district of Tirana, and an electronic counting system in the region of Fier.But according to a CEC report 11 per cent of the identity cards tested could not be read from the machine.Tests with the EVS system in Tirana revealed that the system could not read deteriorated IDs or prevent attempts of multiple voting at different voting centres.The ballot scanning system in the region of Fier will not be used either, after tests conducted in April revealed a number of problems with the system, including slow processing speed and insufficient capacity.The capacity of the selected ballot counting system is limited to 42 names while the final ballot lists 67 political parties.The e-voting system in both Fier and Tirana were contracted by the Spanish company Indra at a cost of €2.6 million.Albania has a long history of elections that do not meet international standards and end in political disputes. The June 23 vote is seen as a key test for the countrys already battered aspirations for EU membership.The June 23 parliamentary polls will face two major coalitions, one headed by the ruling centre-right Democratic Party of Prime Minister Bershia and the other by the Socialists of former Tirana mayor Edi Rama.Berisha is seeking a third mandate in power. He previously served as Albania's President from 1992-1997 and from 1991 has been the uncontested leader of the Democrats.Rama served as Tirana mayor from 2000 until 2011 and was elected chairman of the Socialist Party in 2005.By Besar Likmeta, BIRN, Tiranabne/BIRN
Categories: Balkan News

Statkraft will commence construction of the Devoll hydropower project in Albania

Balkans.com Business News / Albania - Wed, 09/12/2015 - 21:17
Statkraft has announced it will commence construction of the Devoll hydropower project in Albania. The company will begin with the Banjë and Moglicë hydropower plants with a combined capacity of 243 MW and an annual production of about 700 GWh.In total, the Devoll project will consist of three hydropower plants in the valley of Devoll, with an installed capacity of 278 MW. On average the power plants will produce about 800 GWh annually, increasing the Albanian electricity production by almost 20 percent. The investment decision for the third plant will be considered when the first two plants are completed.Earlier this year, Statkraft acquired EVN’s 50 percent share of Devoll Hydropower Sh.A. and is now 100 percent owner of the company and the construction project. The change in ownership is approved by Albanian authorities. The concession agreement gives Devoll Hydropower the right to build, own and operate the power plants until they are transferred back to Albanian authorities at the end of the concession period.The investment frame for the first two plants is estimated to EUR 535 million. The tendering process for the main contracts is in its final stage and main construction works are planned to start in October. The plants are expected to be completed in 2016 and 2018, respectively.“The Devoll project is an important part of Statkraft’s investments in international hydropower, based on our hydropower expertise. This construction project secures both renewable energy and development in Albania, and underpins our position as Europe’s largest producer of renewable energy,” said Øistein Andresen, Statkraft Executive Vice President International Hydropower.   Source: Statkraft
Categories: Balkan News

Albania's Council of Ministers approved in principle the decision to increase salaries and pensions

Balkans.com Business News / Albania - Wed, 09/12/2015 - 21:17
Albania's Council of Ministers approved in principle the decision to increase salaries and pensions, and other decisionsThe meeting of the Council of Ministers examined and approved in principle the decision to increase salaries and pensions, in accordance with the legal definition of the state budget, a decision which will enter into force after the elections.The Albanian Prime Minister stressed that the increase  of salaries and pensions and remains a constant policy   of the government and that it will continue so in the future.Premier Berisha also suggested, the decision to adopt a much financial compensation for 1040 and persecuted, to the extent measure around 45 million dollars, as well as other decisions on expropriation, granting the concession, etc.. Government
Categories: Balkan News

Party Feuds Paralyze Macedonia’s Ministries

Balkaninsight.com - Wed, 09/12/2015 - 16:37
Deal to appoint ministers from one party and deputies from another is coming unstuck as each vetoes the other’s decisions - creating chaos in government.
Categories: Balkan News

Bosnian Croat Fighter Jailed for Abusing Bosniaks

Balkaninsight.com - Wed, 09/12/2015 - 16:09
Former Croatian Defence Council fighter Ivan Zelenika was sentenced to two-and-a-half years in prison for the inhumane treatment of Bosniak civilian detainees in Mostar during wartime.
Categories: Balkan News

Croatia Exhumes 56 from Operation Storm Mass Grave

Balkaninsight.com - Wed, 09/12/2015 - 14:58
The authorities have exhumed 56 bodies of Serbs who died during the Croatian Army’s Operation Storm in August 1995 from a mass grave in the Gornje Seliste municipality.
Categories: Balkan News

Cost of Macedonian Capital Revamp Soars Again

Balkaninsight.com - Wed, 09/12/2015 - 13:25
As the government-sponsored revamp of the Macedonian capital continues, BIRN’s ongoing investigation shows that the price tag for Skopje 2014 now exceeds €633 million.
Categories: Balkan News

Bosnian Serbs Indicted for Killing Croat Family

Balkaninsight.com - Wed, 09/12/2015 - 12:58
Former fighters Milorad Radakovic and Goran Pejic were charged with crimes against humanity for killing five members of the same family in Tukovi in the Prijedor municipality in June 1992.
Categories: Balkan News

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