In a landmark ruling, the court said the state was to blame for the killing of two elderly Serb civilians after the Croatian military operation ‘Storm’ in 1995.The judge in the town of Knin ruled that Croatia must pay 540,000 kuna (about 70,000 euro) to the children of Serb victims …

As the Serbian government mulls involving the Chinese in building a river channel from Belgrade to Thessaloniki, opposition parties and some experts have dubbed it unrealistic.Milan Bacevic, Serbia’s Urban Planning Minister, has travelled to China to start preliminary talks on building a channel running from Belgrade to Thessaloniki in northern …

After attempts to sell it failed, the mainly state-owned Oltchim chemical company is filing for insolvency.Romania’s mainly state-owned petrochemical and plastics manufacturer, Oltchim, is to start insolvency procedures after sending a request to a local court, the Economy Minister, Varujan Vosganian, said on Wednesday. Oltchim is the second large state-owned …