Leaders of Bosnia’s three strongest ethnic parties on Monday agreed on what appears to be a new administrative and territorial setup for the troubled Balkan country. The agreement envisages the country divided in four rather than the current two regions set up at the end of the 1992-95 war between …

he VMRO DPMNE party of Macedonia Prime Minister Nikola Gruevski picked Georgi Ivanov, a political science professor at Skopje University, as its candidate in the March 22 presidential election. Ivanov, a political newcomer but a personal favorite of many senior VMRO officials, captured the overwhelming majority of delegates at the …

Serbia’s dinar currency hit a record low on Monday, with its official middle exchange rate at 95.4564 dinars to the euro, a drop of some seven percent this year. Other emerging market currencies such as Hungary’s forint, Romania’s leu and Poland’s lek have suffered since the onset of the global …