The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.
Across the region, the average publicly guaranteed debt to GDP ratio fell from 60.8% of GDP in 2020 to 56.5% in 2021, a World Bank report shows.
The war in Ukraine sends shockwaves across the region and the World Bank warns of "daunting" downside risks to the current outlook.
Southeast Europe is split over the issues of sanctions on Russia and military aid to Ukraine, with some states firmly in the western camp, some staying neutral and others internally torn.
Tirana residents have been arguing on social media to keep a bus that crashed off the road over a river in the Albanian capital, coming to rest as an impromptu bridge.
Russian GDP forecast to fall by 9-15% this year, while Ukraine's economy could collapse by 38-45%.
Sali Berisha has been trying for months to regain control of the Democratic Party, the main opposition force in Albania, which is currently headed by interim leader Enkelejd Alibeaj.
Deaths outnumbered births in 2021, while emigration revived as international travel restrictions were lifted.
Weaponry arrived at a time of concern over the stability of the Western Balkans following Russia’s invasion of Ukraine.
North Macedonia's former PM Nikola Gruevski among seven current and former officials blacklisted over activities that "threaten the stability of the region".
The war caused a sudden acceleration in inflation, especially for prices of energy and fuel, both of which Albania imports.
Ukraine's economy forecast to contract by 20% and projections worsen across emerging Europe — except for Eurasian oil and gas producers Azerbaijan and Turkmenistan.
Kiril Petkov says North Macedonia “has a place in the European family”, while German Chancellor Olaf Scholz warns further enlargement delays lay Western Balkans open to influence from third parties.
The move was motivated by both environmental concerns and – more urgently – the need to reduce fuel consumption at a time when prices have risen sharply, sparking a series of protests.
There is deep disappointment over the rate of progress of various Roma inclusion policies of the European Union during the last few decades.
Albania’s main opposition leader Lulzim Basha has been under pressure to quit over the Democrats’ poor performance in recent elections.
Since the invasion of Ukraine, there have been warnings of Russian efforts to destabilise the Western Balkans.
Ukraine, Moldova, Georgia and most of the Western Balkans states have made a clear choice in favour of Western integration.
EU high commissioner says Russian invasion of Ukraine should be a turning point to reinvigorate the EU enlargement process.
The war between two of the world’s top grain exporters, Russia and Ukraine, has sent prices to record levels and forced importers to urgently seek out alternative sources.