“The spirit of our endeavour is, To strive, to seek, to find and not to yield”


Alessandro Minuto-Rizzo, President

Monthly Journal

December 2025

International Press Review

The most relevant events of the area through international sources

Bulgarian government to resign after mass protests
The Guardian
Bulgaria’s Prime Minister Rosen Zhelyazkov submitted his government’s resignation after less than a year in office, and ahead the entry of Bulgaria into the Eurozone, following weeks of mass street protests over economic policies and an alleged failure to curb corruption. He stepped down shortly before parliament was due to vote on an opposition no-confidence motion. Tens of thousands, in particular young people and students, demonstrated earlier in Sofia and across the country, demanding the cabinet quit.
Kosovo gains 121 international recognitions
Vijesti
The Bahamas recognised Kosovo as an independent and sovereign state, becoming the 121st country to do so, Kosovo’s President Vjosa Osmani said. She reported signing an agreement in the Bahamian capital that also established diplomatic relations between the two states. A joint declaration said the move took effect on signature, in line with international law and the 1961 Vienna Convention on Diplomatic Relations, and reaffirmed respect for sovereignty, equality of states and peaceful dispute resolution. Osmani said it was Kosovo’s fourth recognition this year, following Syria, Sudan and Kenya. To be recognised, Pristina needs 9 of 15 UNSC members (all P5 not vetoing) and then 2/3 of the UNGA (129 countries). Other estimates give only 80 or 110 recognisers.
BBC (photo)
Putin says Russia is seeking a workable solution for NIS
Tass
Russian President Vladimir Putin said Moscow was in talks with Serbia and hoped to find a workable solution regarding the Serbian oil company NIS, controlled by Moscow and under US sanctions. Speaking during his year-end “Results of the Year” event, he said Russia and Serbia had discussed possible ways forward. Meanwhile, Serbian President Aleksandar Vucic said the country’s energy situation had deteriorated sharply amid the dispute around NIS and the risk of secondary sanctions is spilling over into the banking sector. He added that Serbia had not received crude for refining for more than two months, creating risks for the entire economy.
UE express concern about the situation in Serbia, Washington focuses on the Balkans again
EUALive
The US Congress folded the so-called Western Balkans Democracy and Prosperity Act into the FY2026 National Defense Authorization Act, passed with bipartisan backing and signed by President Donald Trump on 18 December. The legislation is meant to set overall defence policy priorities, including NATO-aligned initiatives and limited multi-year assistance for Ukraine, while also adding a regional section on governance in the Western Balkans. It offered an unusually detailed assessment of democratic shortcomings across Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia, but treated Serbia separately. Citing OSCE/ODIHR findings, it voiced deep concern over Serbia’s democratic trajectory.
Kosovo orders HUMVEEs with 105mm mobile howitzers
The Defence Post
Kosovo signed a contract with the US to buy artillery-mounted HUMVEEs equipped with Hawkeye 105mm mobile howitzer. The system, based on the M20 cannon, was described as offering 360-degree coverage, a firing rate of up to eight rounds per minute, and a maximum range of about 20 kilometres depending on ammunition, and could be mounted or removed from the vehicle within 90 seconds. The package also included spare parts, sustainment support and training, alongside medical evacuation vehicles, command-and-control trucks and other platforms to support the fleet. Deliveries to the Kosovo Security Force were expected in 2026–27, with Defence Minister Ejup Maqedonci saying the purchase would boost long-range direct-fire capability. It is a sign of a creeping transformation from a security force to a military force, while the KFOR is still guaranteeing the sovereignty, integrity and independence of Kosovo.
The New York Times (photo)
No Trump Towers for Belgrade, Kushner ditches plans after protests, indictment
DW
Affinity Partners, a major investment firm linked to Donald Trump’s son-in-law. Jared Kushner, abandoned plans to redevelop Belgrade’s bombed former Yugoslav army headquarters into a hotel and real-estate complex after weeks of protests and ongoing investigations over the removal of its heritage status. President Vucic blamed critics for derailing an investment he put at least 750 million and warned the ruined complex would be left to decay. Meanwhile, Prosecutors indicted Culture Minister Nikola Selakovic and three officials over alleged illegal acts in delisting the site, protected since 2005 and damaged in the 1999 NATO bombing.
Nuclear waste site near border creates tensions between Croatia, Bosnia
Euronews
Croatia’s parliament approved a law providing the regulatory framework for building a radioactive waste storage facility at Cerkezovac on Trgovska Gora, less than a kilometre from Bosnia and Herzegovina, despite years of cross-border protests and the opposition of Sarajevo. The site was intended to store low and intermediate-level waste from the Krsko Nuclear Power Plant, which Croatia co-owns with Slovenia, as well as waste from hospitals and industry. Under a bilateral agreement, Croatia had to take responsibility for half of Krško’s radioactive waste. The facility was planned as a temporary storage site for up to 40 years before permanent disposal, and an environmental impact assessment was still required before construction could start.

The Insight Angle

Insight Angle

Biljana Vankovska

Biljana Vankovska is a prominent retired Full Professor of International relations and Peace studies at the Institute for Security, Defense and Peace, Faculty of Philosophy, Ss. Cyril and Methodius University in Skopje, North Macedonia. As a pioneering researcher in peace and conflict studies, she has made significant contributions to the field since the mid-1990s. Vankovska has established herself as a highly influential columnist and public intellectual in the Balkan region over the past three decades. Her research focuses on various areas such as international security, peace and conflict analysis, civil-military relations, transitional justice, and Balkan affairs. She is currently a member of the Transnational Foundation for Peace and Future Research from Lund, Sweden. (Photo – The Transnational)

Two years on from our last conversation, North Macedonia’s EU accession process remains stalled due to Bulgaria’s veto over the constitutional inclusion of the Bulgarian minority. Do you foresee any meaningful progress on this front in the near future? And what impact are these delays having on public support for the EU within the country?
Allow me to begin my answer in reverse order, which in fact reflects more accurately the chronology of the decline in public support for the EU.
This decline began roughly at the time of the so-called Prespa process — the change of the country’s name and Constitution, imposed in open contradiction to the referendum-expressed will of the citizens. It was a moment of awakening, not only regarding the high price the country was expected to pay for integration, but also the realization of an EU that applies double standards. It demands compliance with the Copenhagen criteria; on the other, it turns a blind eye to an obviously undemocratic process in which the principle of rule of law was completely sacrificed for a “higher goal.”
Regrettably, despite all the promises and reassuring messages — from Angela Merkel and Theresa May to Emmanuel Macron in the summer of 2018 — that “higher goal” was never related to EU membership, but to NATO’s geopolitical agenda. Bulgaria then reacted with the logic: “If Macedonia can accept such a high price in its dealings with Greece, why should we not step outside the framework of the Friendship Treaty (which does not require constitutional changes, nor is it about minority rights)?” This created yet another paralysis, a new dilemma, and deeper polarization within society.
The data on public support for the EU looks even worse when broken down along ethnic lines. Ethnic Macedonians once again find themselves as the group expected to make concessions regarding their history, origins, language, and identity. The narrative of a Bulgarian minority is an added layer of pressure, exercised from a position of political power rather than justice or legal principle. According to the latest census, it concerns approximately 3,000 citizens who self-identify as Bulgarians.
Another factor contributing to public disillusionment is the fast-tracked negotiation process with Ukraine, despite the fact that the situation there in no way corresponds to the image of a society implementing European reforms.
The EU is no longer the same entity: it now defines itself as a geopolitical Union, one that increasingly operates within military and security domains, rather than prioritizing social welfare and well-being – even of its own citizens. It is therefore hardly surprising that people in the European neighbourhood see that this is not the Union they hoped to join — not the Union that would lift them out of poverty, unemployment, and corruption.
 
Some Western Balkan states, such as Montenegro and Albania, appear to be accelerating towards EU accession with strong backing from Brussels. Meanwhile, North Macedonia, Serbia and Bosnia and Herzegovina, not to mention Kosovo, remain effectively on hold, for different reasons. Are we witnessing the emergence of a two-tier enlargement process in the Balkans? And what implications might this have for the region, particularly if Podgorica and Tirana were to join the EU by 2030?
Under different circumstances, the success of Albania and Montenegro would have been excellent news for the others. Unfortunately, the EU lacks a consistent enlargement policy – I already mentioned Ukraine, but Moldova should also be included here.
Let’s analyse the situation in the countries you listed, North Macedonia, Bosnia and Herzegovina, Serbia, and Kosovo. The first impression is that these are states characterized by frozen conflicts, which the EU has failed to resolve over the past decades.
Within this group, Serbia stands out as attempting a hedging strategy in international affairs: cooperating with the EU (and even with NATO), while at the same time maintaining ties with “third countries” such as Russia and China, toward which Europe has been building a hostile narrative. Added to this are the sanctions and pressures coming from Washington, especially concerning the energy situation. Serbia has been in a prolonged political crisis, which I interpret as containing elements of a “colour revolution”, although this development is neither as rapid nor as successful as the one in North Macedonia in 2015–16. The reason lies in the changed geopolitical landscape and the policies of the Trump administration.
The potential accession of two countries to the EU will not change much, because each of the states with a “frozen conflict” faces specific internal crises, and here the attractiveness of the EU no longer has the mobilizing effect it once had. The EU is no longer a peace project; it is undergoing militarization. Statements such as “prepare to lose your children on the front lines” (by a French general), or messages slipped into mailboxes in the Netherlands saying that we are not at war but neither living in peace, send extremely troubling signals to a region that has not yet recovered from its own wars and whose priority should be economic and social development.
 
The EU insists that enlargement remains a strategic priority. Yet, in practice, countries are advancing at very different speeds, and reservations among some EU capitals continue to slow the process. How important is it for the entire Western Balkans to enter the EU in the near future? And what risks does the region face if it is left in a prolonged state of limbo?
You know, the politically correct narrative would require me to answer this question with the familiar mantra about “the need to build resilience against harmful influences from third centres of power”. That is the refrain repeated by every politician in my country, from the President of the Republic to the Prime Minister and the Minister of Foreign Affairs, echoed by the NGO sector and the media alike. It is the deliberate spreading of fear and paranoia about some powerful Russian influence and the threat allegedly posed by China.
My view is that every sovereign state has the right to diversify its relations according to its own interests.
These days, President Macron is visiting China in search of Chinese investments, while the US imports uranium from Russia. Why then should only the Balkan states be disciplined and instructed to look exclusively toward Brussels and Washington? In practice, they are deprived of both sovereignty and their own foreign policy. Our Prime Minister, like several others, openly states falsehoods when he claims that importing liquefied gas from the US is the cheapest option for acquiring energy sources. Everyone knows this is untrue, yet they remain silent and obedient.
If this continues, these countries will experience dramatic internal crises. We do not need Russia or China to destabilize us; this irrational policy of the EU itself is sufficient.
 
Two key countries in the region are currently grappling with serious political and social crises: Serbia, shaken by more than a year of protests, and Kosovo, heading towards early elections after the failure to form a government following the February vote. How do you assess the situation in both countries, and do you see any prospects for stabilisation in the short term?
The case of Serbia and Kosovo is a clear illustration of both the EU’s failure to understand the Balkans and the lingering chaos left behind by the United States (NATO) from 1999 to the present day.
The crises facing these two entities are, first and foremost, internal: crises of the political paradigm of Western democracy and neoliberal economy in the midst of a deep economic downturn. The problem extends beyond individual states; the whole region is being drained of its young and most capable population. From this perspective, there is one “positive” implication, although a rather cynical one: I do not foresee a renewed military conflict. Both societies are decaying from within, and they will ultimately have to find their own solutions, because no Western therapy — political or economic — has proven effective yet.

The Key Story

Strategic trends 

Source: European Council – Council of the European Union

Albania, Montenegro lead accession race as Serbia boycotts key EU-Balkans summit

The EU appears increasingly focused on advancing enlargement in the Western Balkans, and to Ukraine and Moldova, but progress is moving at different speeds across the region: Montenegro and Albania are now the clear frontrunners, while Serbia’s path has now fully stalled, with Belgrade openly confronting Brussels, a move that could prove dangerous for the European future of Serbia.
That pattern was confirmed at a major EU–Western Balkans summit in December, attending all regional leaders apart from Serbian President Vucic, where Brussels took stock of the state of play in the region’s enlargement process, an event Serbia boycotted, signalling a further widening of the already deep gap between Belgrade and the EU.
At the summit, Commission President Ursula von der Leyen commended the “enormous progress” made by Podgorica and Tirana towards accession in the past years, a “formidable source of inspiration for the other Western Balkans partners”, she claimed. “In these times of geopolitical uncertainty, enlargement is more than a choice for peace” and it is “a strategic choice, an investment in our shared security and freedom”, von der Leyen continued.
European Council President Antonio Costa noted that the past year had brought tangible momentum to EU enlargement in the Western Balkans. He also pointed to Montenegro’s accelerated accession track, highlighted by the closure of five negotiating chapters, and noted Albania’s rapid progress in opening all negotiating clusters, while warning that 2026 would be a decisive test of Tirana’s ability to speed up reforms. 
Costa added that North Macedonia had taken welcome steps on regional connectivity but still needed to deliver on outstanding obligations to unlock real progress in 2026. He welcomed Bosnia and Herzegovina’s adoption of a Reform Agenda as a prerequisite for accessing the EU Growth Plan and deeper gradual integration and described Kosovo’s recent trust-building measures towards the Serbian minority as positive, with upcoming parliamentary elections presented as a key opportunity to consolidate reforms and re-energise its European path. But there was no mention of Serbia in his talk.
Belgrade, in fact, was absent from the summit: its first non-attendance in more than a decade. Speaking ahead of the meeting, President Aleksandar Vucic said that, for the first time in 13 or 14 years, neither he nor any other Serbian representative would attend the intergovernmental conference. He described the move as a personal decision and argued that the boycott was intended to safeguard Serbia’s interests and to underline what the country believed it had already achieved.
Serbia’s boycott appeared closely linked to the EU’s decision not to open Cluster 3 (Competitiveness and Inclusive Growth), a step Belgrade had hoped to secure at least this year. Despite obtaining candidate status in 2012, Serbia has registered only limited momentum in its accession bid, with no major breakthroughs since 2021. Vucic move also came shortly after a 10 December dinner in Brussels with European Commission President Ursula von der Leyen and European Council President António Costa, where he said he had floated an alternative approach: admitting all six Western Balkan countries at the same time, rather than through the EU’s standard, incremental accession process. But the EU and other Balkan countries did not show any support to this idea.
Serbia’s decision to stay away from Brussels can also be read against a broader backdrop of strained relations with the EU. In recent months, Brussels has sharpened its criticism of the state of the rule of law and democratic standards in Serbia, including concerns over the authorities’ handling of student protests. At the same time, Belgrade has faced sustained EU criticism for refusing to impose sanctions on Russia and for falling short of full alignment with the EU’s foreign and security policy. These tensions have been compounded by the continued stalemate in the EU-facilitated dialogue with Kosovo, which remains a central political condition for moving Serbia’s accession process forward.
Vucic’s stance was publicly defended by the Serbian Minister for EU Integration, Nemanja Starovi, which endorsed the boycott, arguing that the EU had shown a short-sighted reluctance to acknowledge Serbia’s reform efforts and advance its accession track. He warned that this approach sent a negative signal to Serbian citizens, feeding anti-EU narratives and undermining those within society who were pushing reforms. On the other side, opposition parties condemned the boycott as political theatre, with some describing it as an attempt at emotional blackmail driven by Vucic’s frustration that Albania and Montenegro were advancing faster and were increasingly seen as the next likely EU member states.
Serbia’s boycott is likely to deepen the sense of mutual mistrust between Belgrade and Brussels, reinforcing the EU view that Serbia’s accession track is constrained as much by political choices as by technical reforms. In practical terms, it may reduce Serbia’s influence over the enlargement narrative at a moment when the EU is rewarding front-runners and pushing “gradual integration” instruments that benefit those seen as reliable partners.
At home, the move might make polarization worse. The Serbian government would say it’s protecting national interests, while critics might say it’s self-isolation that makes reform less appealing. On the international stage, the boycott could make Serbia look like it’s only partially in line with EU strategic priorities like Russia, the rule of law, and Kosovo. This could make it easier for some member states to justify more delays and possibly push Montenegro and Albania further ahead as the EU’s top success stories in terms of enlargement.

Further News and Views

Serbian refinery shuts down due to US sanctions
Sources: Balkan Insight, CEE Energy News, Euronews, Reuters
No breakthrough was reached in December on the US sanctions targeting Naftna Industrija Srbije (NIS), mainly Russian-owned oil company, a dispute that risked spilling into Serbia’s fuel security. NIS announced that its Pancevo refinery had begun suspending production amid a shortage of crude linked to the sanction’s regime imposed in response to Russia’s full-scale invasion of Ukraine, while insisting it could continue supplying the domestic market from existing stocks.
Serbian authorities acknowledged they had failed to secure a US operating licence to keep the refinery running and sustain oil imports.
President Aleksandar Vucic said a solution would be found by 15 January and gave NIS’s Russian shareholders, Gazprom and Gazprom Neft, the same deadline to sell their holdings, with nationalisation presented as a fallback option if no buyer emerged.
Serbia sold 51% of NIS to Gazprom in 2008, while NIS said more than 900 million had been invested in modernisation since 2009. The US sanctioned NIS in January 2025 and, after several waivers, the measures took effect in October. For now, there are no signs that Russia would agree on selling its stakes in NIS, nor Belgrade is showing willingness to nationalize the energy giant.
EU starts to lift punitive measures against Kosovo
Sources: Anadolu, Reuters, Bloomberg
The EU said it would lift the measures imposed on Kosovo in 2023 and move to release financial assistance ahead of early elections on 28 December, after a peaceful transfer of local authority in the Serb-majority north, following the recent local elections. Commission President Ursula von der Leyen linked the decision to the calm handover following recent local elections, while Kosovo’s leadership presented it as a sign of renewed momentum on the European path.
The restrictive measures had been introduced in June 2023 after tensions escalated in northern Kosovo when ethnic Serbs boycotted April 2023 local elections that brought ethnic Albanian mayors to office. Following last October elections, mayors from the Serb List were sworn in on 5 December in four northern municipalities.
Von der Leyen said 216 million in assistance was being programmed, with 205 million intended for early release in 2026, and President Vjosa Osmani said Pristina remained committed to reforms and hoped the next step would be EU candidate status.

EU - NATO

NATO’s Croatia to invest almost 2 billion in its army
Source: Euronews
Croatia said it had launched a near-two billion military modernisation plan financed largely through the EU’s SAFE instrument, one of the largest military investments of its recent history. The move was taken to meet NATO capability targets set at recent summits.
The package covered 18 French CAESAR MK2 155mm self-propelled howitzers ordered jointly with several allies, due in 2030; 44 German Leopard 2A8 main battle tanks with simulators and support, to be delivered in 2028–30; and 420 TATRA heavy off-road trucks, arriving from 2025–30 with final assembly and maintenance to be carried out by the company Djuro Djakovic.
Zagreb also approved a 156.3m anti-drone programme for key sites and a medium infantry brigade, with Končar-Digital integrating and partly producing equipment from Poland’s APS, enabling technology transfer.

ECONOMICS

Spending on defence increase in South-Eastern Europe
Source: BNE Intellinews
Countries across Central and Southeast Europe sharply increased defence spending to meet NATO targets and respond to heightened security risks, a shift that had begun to widen deficits and strain public finances, especially in smaller economies. The European Commission sought to ease the trade-off between rearmament and fiscal discipline through the 150-billion SAFE loan facility and the national escape clause.
Poland planned defence spending of about 4,8% of GDP in 2026, while the Baltic states set budgets near the top of NATO in relative terms, with Lithuania at 5,38%, Latvia around 4,8–5,0% and Estonia near 6%, alongside warnings from the IMF, auditors, economists and rating agencies about debt trajectories once exemptions expired. Elsewhere, budget politics and delays complicated plans in the Czech Republic, Romania and Bulgaria, while Slovakia and Hungary targeted 2% of GDP. In the Balkans, Croatia projected defence spending rising towards 3,5% of GDP by 2035; Slovenia outlined a gradual path to higher spending public. Non-EU allies, including North Macedonia, Montenegro and Albania, also raised defence budgets.

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