Western Balkans and EU News

Business / Economy News


Belgrade, 15 September 2020, dtt-net.com - The coronavirus pandemic has hit micro enterprises in Serbia hardest and led to a decline in working hours during the second quarter of 2020 equivalent to the loss of 510,000 full-time jobs, according to a report by the the European Bank for Reconstruction and Development (EBRD) and the International Labour Organization (ILO).


Podgorica, 03 August 2020, dtt-net.com – Tourism sector in Montenegro is suffering severely because of the drastic fall of tourists numbers because of Covid-19 crisis, according to the data by authorities.


Belgrade/Moscow, 27 July 2020, dtt-net.com – The government of Russia has approved the protocol of Serbia’s agreement for joining the Eurasian Economic Union (EAEU), a free-trade area led by Moscow formed formally in 2015 which includes also Kazakhstan, Belarus, Armenia and Kyrgyzstan.


Podgorica, 24 July 2020, dtt-net.com – The government of Montenegro announced a 1.2 Euro billion package for a four year period aimed at coping with damages to the economy and households caused by the pandemic.


London/Brussels, 08 July 2020, dtt-net.com – The London-based European Bank for Reconstruction and Development (EBRD) and the European Union (EU) said they will loan a total of 85 Euro million to the banks in the Western Balkans countries aimed at helping small and medium-sized enterprises (SMEs) in the region to cope with the Covid-19 damages to their economies.


Sarajevo/Brussels, 10 June 2020, dtt-net.com - The European Union today said it has allocated €20 million for modernization of the agri-food sector in Bosnia and Herzegovina (BiH) for next four years.


Sarajevo/Brussels, 29 May 2020, dtt-net.com – The government of Bosnia and Herzegovina (BiH) today decided to extend for another year a measure which would help local companies obtain more contracts and work in public procurement services, in a move of Sarajevo to protect them from EU companies following economic damages that the Covid-19 has caused to the country.


Belgrade, 12 May 2020, dtt-net.com – France will contribute with 8.3 Euro million to the feasibility study for the metro project in the Serbian capital, while Paris is also considering a loan for construction of the underground railway which according to the Serbian government could cost to around 5 Euro billion.


Washington/Tirana, 01 May 2020, dtt-net.com – Albania, Bosnia and Herzegovina (BiH), Kosovo, Montenegro, North Macedonia and Serbia are expected to enter a recession this year, with all six countries forecast “to experience negative growth” as they continue to grapple with the economic impacts of the COVID-19 pandemic, the World Bank said in a new report.


Belgrade, 10 April 2020, dtt-net.com - Serbian government has adopted a variety of economic measures including grants and tax payment delays to local companies totalling 608.3 billion dinars (5.1 billion euros) euros to cope with damages caused by the virus in order to continue their business activities.