Yet they focus their Expansions on Iberia and the Balkans... Why?
Why would a game set in this time frame want more stuff for the Balkans?

To be fair the Balkans & Austria really do need more focus
Yep.
There's a lot of weirdness in the Balkans when playing as Russia or Austria.
1) While discrimination is an issue for Austria, Italian possessions are more of a problem than the Balkans. We might fight off Italian rebels 50 times in a game, but meanwhile in the Balkans:

2) The current system for inviting GPs into plays on your side can be abused in the Balkans by either Austria or Russia due to how the AI prioritizes goals. For example, in my last four games as Austria, I kept slicing off parts of the Ottomans. As Austria, I usually ended up with Bosnia, Albania, and Montenegro directly annexed to the empire while Serbia, Wallachia, Moldavia (or Romania), and Bulgaria are all subjects. And what did Russia have to say about this? Nothing, because I kept inviting them in for war goals. They sometimes ask for Kars, but most of the time I can get them in for humiliate (before they fail the journal entry), reparations, or regime change. Yes, Russia is technically getting something every time we join together like a hideous Germano-Slavic Voltron to fight the Ottomans, but are they really getting anything worthwhile? No, and they are more than happy with the table scraps I give them.
3) Sometimes Greece and Serbia simply don't want their Ottoman cores. So, the Russians will fight a war on the scale of the Crimean War to get lousy Ottoman War reparations, but Greece is like "Nah, we're good. Who needs cores anyway?"
I will say this: the British do often want to support the Ottomans to oppose Russian and Austrian activities. I've had some lovely wars that really give that 1850s "attritional struggle in the Black Sea region" feel I want from the game at times. Although Britain prefers invading Narva, Karelia, or Venice, not Sevastapol. But that's what I would do if I were Britain, so I ain't even mad.
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