Agency blamed deteriorating finances and recent measures strengthening parliament’s control over the central bank.The US agency Fitch Ratings has downgraded Serbia’s outlook from stable to negative, citing the weakening fiscal position and low economic growth. “The negative outlook reflects the deterioration in the country’s fiscal and external financing position and …

On visit to Hvar island, Milanovic says economic recovery will begin in 2013, while pledging more investment in country’s war-torn undeveloped areas.On a visit to the Adriatic island of Hvar on Thursday, Croatia’s Prime Minister expressed his belief that the shaken economy will start to recover next year. “The crisis …

As a part of the plan to fight the economic crisis, the new government plans to change the tax policy, increasing taxes on the rich and raising VAT.Serbia’s Minister for Trade, Rasim Ljajic, said the biggest problem facing the new government is not Kosovo or EU integration but the difficult …

Serbian PM Ivica Dačić has said that it is uncertain when the Belgrade-Priština dialogue will continue. He added that he would discuss the issue with EU officials in Brussels on September 4.

Romania’s Constitutional Court has decided to pull forward its decision on the validity of the impeachment referendum for President Traian Basescu and announce it next Tuesday, August 21. Initially, the Court had stated it will not pronounce its decision until September 12, but it is now saying that it will …

Greek Prime Minister Antonis Samaras will next week have his first meetings with eurozone leaders since taking office, striving to assure them he will honour a pledge for more austerity and gauging whether they could grant him more time to pull it off. Samaras will fly to Berlin and Paris …

Bosnia’s Foreign Ministry is trying to evacuate as many as it can of around 2,000 Bosnians in Syria – but contact with several families who have sought evacuation has now been lost. The families asked the Bosnian embassy in neighbouring Jordan to help them leave the city of Allepo, currently …

Stepping back from its hard-line stance, Belgrade may agree to take part in international meetings alongside Kosovo without the use of the previously agreed, but controversial, footnote. In a major concession on Kosovo, Serbia may drop its insistence that Kosovo only

A Kosovo court has placed Alexander Bulatovic into 15 days detention for suspected war crimes in Kosovo Polje in 1999 following his arrest on Monday on the border. Kosovo police have arrested a Kosovo Serb named as Alexander Bulatovic on the Kosovo-Serbia border for war crimes allegedly

The Interior Ministry has new details and information about the terror act in Bulgaria’s Burgas, but cannot release them for the public, says Interior Minister, Tsvetan Tsvetanov. “We have new data, but it is operational and I cannot share it in public. We had some discussions today with representatives of …