In March, I discovered (via Google Translate) that Google is testing localized version for Serbia. Half a year later, localized version is fully translated and snippets are showing on Google’s main search results page, but is not officially released.
By changing country and language codes, I discovered that localized Google News are also ready for Bulgarian, Romanian and Slovakian markets. You can see if there is a testing for your country and language by changing country and language codes in URL. For example, in http://news.google.com/news/search?um=1&ned=sr_rs&hl=sr&q=obama sr is code for language while rs is code for country.
I hope that Google will soon officially release these products, since now they lack some features like homepage, backlinks in top navbar from other Google’s products, ability to add new sources etc.