Aleksandar's Feed
Jun 19, 2013

Serbia raises economic growth target to 2-3 pct

BELGRADE, June 19 (Reuters) – Serbia raised its full-year
economic growth target to between 2 and 3 percent, thanks to car
exports from its joint venture with Italian automaker Fiat
and prospects for a good harvest.

The ruling coalition, which is battling to rein in a
ballooning deficit, had forecast growth of 2 percent This year,
bouncing back from a 1.7 percent contraction in 2012.

Jun 17, 2013

UAE’s Etihad mulls equity stake in Serbia’s JAT Airways

BELGRADE/DUBAI, June 17 (Reuters) – The United Arab
Emirates’ (UAE) Etihad Airways has signed a preliminary
agreement with the Serbian government over a possible equity
investment in the Balkan country’s loss-making JAT Airways.

Serbia is looking to offload loss-making state enterprises,
including JAT, pharmaceuticals firm Galenika and the Zelezara
Smederevo steel mill in a bid to keep its budget deficit at
about 4.7 percent of gross domestic product (GDP) and secure
growth of around 2 percent this year.

Jun 13, 2013

Serbia may be on cusp of mining revival after years of decline

BOR, Serbia/LONDON, June 13 (Reuters) – Serbia’s mining
sector, stagnant since the wars that tore Yugoslavia apart in
the early 1990s, looks set for a revival as volatile commodity
prices increase the allure of countries in Europe with
established infrastructure and skilled labour.

Once home to a core copper and gold mining facility for the
former Yugoslavia, the town of Bor in the north-eastern corner
of Serbia has a history of mining dating back to Roman times.

Jun 7, 2013

Valeant abandons bid for Serbia’s Galenika

BELGRADE (Reuters) – Canada’s Valeant (VRX.TO: Quote, Profile, Research, Stock Buzz) has pulled out of a possible bid for a Serbian drug company in the wake of its $8.7 billion purchase of contact lenses maker Bausch & Lomb.

Citing last month’s acquisition deal, as well as the hostility of local unions towards the purchase of Galenika Pharmaceuticals, Valeant Pharmaceuticals International Inc said it had decided not to follow up its letter of intent relating to the company’s privatization.

May 7, 2013

IMF says Serbia mission a “health check”, not loan talks

BELGRADE, May 7 (Reuters) – The International Monetary Fund
will not discuss a fresh loan deal on a mission to Serbia
starting this week, it said on Tuesday, describing the visit as
a “health check” of the Balkan country’s economy.

Serbia’s government says it wants a precautionary loan deal
with the Fund, to restore relations after the collapse of a
previous 1 billion euro ($1.3 billion) arrangement last year and
a row over the independence of the central bank.

Apr 25, 2013

Serbia considers risky referendum on Kosovo accord

BELGRADE (Reuters) – Serbia raised the possibility of a referendum on Thursday on an accord to end the ethnic partition of its former Kosovo province, a high-stakes gamble that could cost Belgrade talks on joining the European Union.

The April 19 deal between Serbia and its majority-Albanian former province won Belgrade a preliminary green light for accession talks this year, but the bloc wants progress on the ground before taking a final decision on the talks in late June.

Apr 23, 2013

Kosovo, EU boost spur predictions of policy easing in Serbia

BELGRADE (Reuters) – Serbia’s accord with Kosovo and the prospect it could start European Union accession talks this year have raised expectations the central bank will cut interest rates to boost growth, analysts said on Tuesday.

The Serbian dinar has been bolstered by the April 19 deal to settle fraught relations between Serbia and its former province, which earned Belgrade a tentative green light on Monday for the start of talks on joining the EU this year.

Apr 22, 2013

Serbian Church, Kosovo Serbs protest deal to clinch EU talks

BELGRADE (Reuters) – Serbia’s Orthodox Church accused the government on Monday of surrendering the country’s former province of Kosovo in exchange for talks on joining the European Union.

Serb nationalist protesters also vowed “no surrender” in the first signs of a backlash that could, if it gains ground, test the government’s resolve to carry out an historic accord struck last week with Kosovo.

Apr 19, 2013

EU brokers historic Kosovo deal, door opens to Serbia accession

BRUSSELS (Reuters) – Serbia agreed to cede its last remaining foothold in the country’s former province of Kosovo on Friday, striking an historic accord to settle relations in exchange for talks on joining the European Union.

The deal, brokered by the EU, capped six months of delicate negotiations and marks a milestone for the region’s recovery from the collapse of Yugoslavia in the 1990s.

Apr 19, 2013

EU seeks historic Kosovo accord to open door for Serbia

BRUSSELS (Reuters) – The European Union pressed on Friday for a historic accord to settle relations between Serbia and Kosovo that could open the door to membership talks with Belgrade, a potential milestone in the region’s recovery from the collapse of Yugoslavia.

With the 27 EU members due to decide on Monday whether to back the start of accession talks, the prime ministers of Serbia and its former province met in Brussels for a 10th round of negotiations in six months.