Defense news and analysis from Croatia, Serbia, Bosnia and Herzegovina, Slovenia, Montenegro, North Macedonia, Albania, and Kosovo, procurement, industrial partnerships, and capability development across the Western Balkans and the Adriatic.
Serbia
Israel and Serbia have quietly built one of Europe's fastest-growing strategic partnerships through defense cooperation, industrial projects, and shared geopolitical interests. The relationship reflects broader changes in European security and the emerging balance of power across the Balkans.
Albania
Albania has delivered the first 40 NATO-standard tactical vehicles assembled domestically by TIMAK Defence, marking the operational debut of the country's renewed defense manufacturing sector through a public-private partnership with state-owned KAYO.
Weekly Briefing
This week: Germany breaks ground on Europe's largest gunpowder plant, Croatia lands a Beretta ammunition deal, Lithuania passes 5 percent of GDP on defense, and a Bosnian manufacturer's costly email fraud.
Croatia
Croatia has signed a memorandum with Beretta Holding and a domestic investor to build the country's first small-caliber ammunition factory in Obrovac, expanding its defense-industrial base.
Bosnia and Herzegovina
Igman d.d. Konjic says most funds affected by a sophisticated business email fraud have been frozen and are expected to be recovered. The Bosnian ammunition manufacturer says production and business operations continue without disruption.
Bosnia and Herzegovina
Bosnian ammunition manufacturer Igman has reportedly lost more than €767,000 in an alleged business email compromise. Authorities have launched an investigation into the incident, which highlights growing cyber risks facing the defense industry.
Bosnia and Herzegovina
Bosnian defense manufacturer Binas remained profitable in the first half of 2026 despite a decline in revenue and earnings compared with the same period last year. The results mark the company's first significant slowdown after several years of rapid growth.
Opinion
As Europe re-arms and defense capital floods Western hubs, Bosnia and Serbia remain absent from the defense-tech map—pushed into a low-margin subcontractor role despite strong industrial and engineering foundations.