Tough austerity measures are causing Greeks to keep their wallets and handbags shut tight.
Bosnia and Herzegovina has returned property in accordance with the 2002 agreement on Yugoslavia's succession, but is only now beginning to claim its own.
Although some countries failed to meet medal expectations, Montenegro won its first medal as an independent country at the London Games.
The 400 million-euro bridge on the Peljesac Peninsula, which would connect Croatia's landmass, is reviving dormant issues about sea access and the borders with Bosnia and Herzegovina.
Oil reached $115 a barrel, causing gas prices to peak in the region. Also in business news: car parts producer Bosch is opening a plant in Serbia and Greece's GDP has shrunk by 6.2 percent since April.
The political landscape in many countries in Southeast Europe is weak, and voters cease to be parties' main concern.
Bosnia and Herzegovina continues to struggle with widespread corruption.