Balkans

Macedonia’s National Bank, NBM has raised its benchmark interest rate by two percent in order to preserve the stability of the local currency, the Denar. The NBM’s head Petar Gosev announced this at a press conference in Skopje on Thursday. He informed that at the next auction, the NBM’s bonds …

`Bosnia wants to become a candidate for the European Union by the end of the year,` said Sven Alkalaj. Bosnia hopes to become a candidate for European Union membership in November or December despite outside concern the Balkan country is not politically or economically ready, the foreign minister said on …

The Socialist-led government initially planned an early release of about 3,000 inmates with light sentences. Bulgaria’s parliament passed an amnesty law on Thursday but cut the number of offenders that the bill initially aimed to free to avoid public outrage before elections. The Socialist-led government initially planned an early release …

Practical and energetic, he is the type of leader Western diplomats and analysts are counting on to overcome animosities from the war. Serb mayor Zdravko Krsmanovic is trying to turn the eastern Bosnian town of Foca, best known for wartime atrocities and harbouring war crimes fugitives, into a centre for …

During his visit to Bosnia Herzegovina, Sutanovac said that the past cannot be forgotten, but more can be done for a better future. The defence ministers of Serbia and Bosnia Herzegovina, Dragan Sutanovac and Selmo Cikotic, announced on Wednesday in Sarajevo the possibility of strengthening the cooperation of the two …

SARAJEVO, Bosnia and Herzegovina (BiH) – The House of Representatives adopted the proposed constitutional amendments on Wednesday (March 25th) regarding the Brcko District’s status.

SARAJEVO, Bosnia and Herzegovina (BiH) – The Social Democratic Party (SDP) filed a no-confidence motion against the cabinet of the Federation of BiH (FBiH) on Wednesday (March 25th), citing the aggravated economic situation as a cause for the motion. Several smaller parties are expected to support the proposal. The Dnevni …

BUCHAREST, Romania – Police arrested four people on Wednesday (March 25th), including two Interior Ministry officials and a wealthy businessman, for alleged participation in shadowy real estate deals in 2000, anti-corruption prosecutors announced.

NEW YORK, United States – The UN Security Council on Wednesday (March 25th) unanimously approved the appointment of Austrian diplomat Valentin Inzko as the new high representative in Bosnia and Herzegovina (BiH).

TIRANA, Albania – The opposition Socialist Party (SP) accused the government on Wednesday (March 25th) of failing to respect the EU’s advice about applying for candidate status.