Between 2013 and 2014, the country of Bulgaria saw one of its largest and most successful banks get demolished by a trio of a corrupt judiciary, corrupt media, and corrupt government officials in a classic corporate raiding scheme.

There is quite a bit of concern in the Balkan area about Greece and its plan to rebuild its economy through international borrowing.

A meeting in Brussels between Greece and its creditors concluded with some progress regarding the second review of the Greek bailout, but no new date has been set for further discussion.

Union of the Greek Shipowners (EEE) President Theodore Veniamis outlined the organization’s efforts to push the European Union to recognize the International Maritime Organization (IMO) as a benchmark at a recent EEE meeting.

The Greek government will soon require certain business sectors to complete transactions electronically with point-of-sale (POS) terminals in an effort to curb VAT tax evasion.

Greece Finance Minister Euclid Tsakalotos recently met with creditor’s representatives in Brussels, where he maintained the Greek position on discussions surrounding the country's bailout program.

Condor, a low-cost airline, will be offering direct flights between Thessaloniki and Frankfurt this summer, flying on Tuesdays and Fridays through October.

The Hellenic Banking Association (HBA) recently released the results of a study of Greece’s banking sector a year and a half into the imposition of capital controls, offering a snapshot of the country’s crisis-battered industry.

Giorgos Houliarakis, Greece's alternate finance minister, said recently on state-run television network that it would be in the country's best interest to find any solution now to bailout talks rather than wait for a better solution later.

Vojvodjanska Bank received MasterCard's Regional Data Integrity Award for 2016.

OriginTrail, a Slovenian-Serbian startup that helps consumers learn the origins of their organic food products, recently won the Audience Award at the Food + City competition in Austin, Texas.

Aegean Airlines has new Miles+Bonus partnerships in Kavala, Greece.

The Serbian Private Equity Association has partnered with the CEE M&A and Corporate Finance Forum, which will be held April 6 in Vienna.

Banca Intesa has grown the placement of mortgage loans in 2016 to 40 percent and held a market share of 23 percent.

With the publication of the Financial Supervision Commission’s balance sheet review, which confirmed compliance of Euroins Insurance Group AD (EIG) and all of its subsidiaries, the group now considers its capitalizing plan to be finalized.

Serbian Private Equity Association has teamed up with the Central South Eastern Europe (CSEE) Investment Summit for a one-day event March 30.

Vojvodjanska Bank has given computers to the General Hospital in Pozega to help make work more efficient and effective while offering better connectivity with the hospital's parent organization, the Uzice Health Center.

International maritime corporation GasLog recently acquired a 20 percent stake in Greece’s Gastrade S.A., which is behind the development of a floating LNG receiving, storage and regasification unit (FSRU) offshore of Alexandroupolis.  

Perhart Tec Grup, the largest tissue paper manufacturer in Romania, has been granted a revolving loan worth $25.3 million.

J&P AVAX SA recently will absorb two of its wholly owned subsidiaries, E-Construction SA and PROET SA, a move it has disclosed in compliance with Greek law.