Eastern Europe Edition

Kushner’s Cold Feet Cause Dismay for Serbia’s President

Donald Trump’s son-in-law’s luxury projects are running into the political reality of the Balkans.
Kushner’s firm had planned to develop a site that was bombed by NATO in 1999.Photographer: Svetlana Dojcinovic/Bloomberg

Hi, this is Andrea Dudik in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here.

Serbian President Aleksandar Vucic threw his political weight behind Jared Kushner’s plans to develop a $500 million Trump hotel in Belgrade. The son-in-law of the American president had called the project a potential “crown jewel for Serbia.” Vucic called it an “exceptional investment.”