The central bank cut the key benchmark interest rate on Wednesday by 0.25 per cent to a historic low of 3.75 per cent in an effort to kick start the stagnating economy.“Economic activity remains below potential and sources of growth are unstable,” the central bank governor, Ardian Fullani, said, explaining …

A new report on media freedom by Reporters Without Borders has ranked Serbia best in the Balkans – though the outlook for the region generally remains cloudy.Serbia has been ranked in top place in terms of press freedom in the Balkans, standing at 63rd place out of 179 countries covered …

Macedonians angered by repeated hikes in their utility bills are to present a petition to parliament on Wednesday.Protesters against high utility bills plan to take to the streets of Skopje on Wednesday before submitting a petition to parliament containing 13,000 signatures collected over recent months. The law says civil initiatives …

Bosnia’s Foreign Trade Minister says Croatian companies should open subsidiaries in Bosnia – if they want to retain their markets in the country – once Croatia joins the EU.Mirko Sarovic, Bosnia’s Minister of Foreign Trade, on January 29 expressed concern that Bosnia will lose access to the Croatian market, and …

As Albania’s government signs a new contract with the Washington-based law and lobbyist firm Patton Boggs, to improve its image in the US ahead of the June elections, questions remain about the sources of funding for parties’ PR agencies.The consulting firm has represented Albania’s government several times and also served …

As the crisis in Bosnia’s Federation entity continues, its president, Zivko Budimir, has suggested new elections and the appointment of an entirely new government.Zivko Budimir said the best solution for the political crisis in the Federation of Bosnia and Herzegovina, one of two autonomous entities in the country, would be …

Romania is to get two more months to hit its agreed goals with the IMF, ater falling behind with several targets.The IMF is granting Romania two extra months, until June, to meet its commitments, after falling behind in some of its targets connected to a 5 billion euro aid plan. …

The African Union announced on Monday that it will allocate around $50 million to support the military operation in Mali, aimed to retake control of northern parts of the country from Islamist militants. The Union estimated that the entire intervention will cost around $450 million. “For the first time in …

Some 2,000 locals living near the famous Serbian Orthodox monastery in western Kosovo protested against a court decision which they said unfairly favoured the monastery.Some 2,000 locals living near the famous Serbian Orthodox monastery in western Kosovo protested against a court decision which they said unfairly favoured the monastery.Thousands of …

The French Defense Minister has announced that city of Timbuktu, city of Gao and the area in between are now under control of French troops. These cities were under Islamist control for almost one year. In a news conference on Monday, France President Francois Hollande said: “We are winning in …