BalkaNet aims at building a multilingual lexical database consisting of WordNets in several Central and Eastern European languages. Even though it will be built in a similar way with EuroWordNet, new features will be implemented ranging from structuring the Inter-LingualIndex to ensure linking of conceptual equivalencies across WordNets to the development of an inter-networked WordNet Management so that each partner retains full responsibility and independence of his local WordNet whereas at the same time they will be able to view other WordNets and check their compatibility.