Ivana's Feed
Aug 26, 2015

Serbia won’t close borders to migrants – PM

VIENNA (Reuters) – Serbia will never close its borders to migrants, Prime Minister Aleksandar Vucic told Reuters on Wednesday, but he said EU leaders must help frame a plan on how to cope with the tens of thousands pouring into the Balkan region.

About 100,000 migrants, many of them from Syria and other conflict zones in the Middle East, have entered Serbia this year on their way north to Hungary and Europe’s Schengen zone of passport-free travel. Hungary is building a 3.5-metre high fence along its 175-km (110-mile) border with Serbia seeking to keep the migrants out.

Aug 13, 2015

Serbian central bank cuts rates to 5.5 percent on low inflation

BELGRADE, Aug 13 (Reuters) – Serbia’s central bank cut its
benchmark rate on Thursday by 50 basis points to 5.5 percent
after an unexpected drop in annual inflation.

Nine of 13 bankers and analysts polled by Reuters
had forecast the bank would keep the rate on hold
for the second straight month given expectations the U.S.
Federal Reserve may raise its rates next month, reducing the
relative yield attractions of emerging markets like Serbia.

Aug 12, 2015

Serbia expects bigger bid for Telekom stake, eight firms interested

BELGRADE, Aug 12 (Reuters) – Serbia said on Wednesday it had
received eight non-binding bids for a majority stake in its
biggest telecom provider and that it expected the sale to reap
more than the 1.1 billion euros offered and rejected four years
ago.

The conservative government of Prime Minister Aleksandar
Vucic is trying to cash in on Telekom Srbija, one of the
country’s most profitable state enterprises, under a drive to
reduce the state’s footprint on the economy.

Aug 5, 2015

Twenty years on, Croatia celebrates end of war as Serbia mourns

ZAGREB/BELGRADE (Reuters) – Croatia rolled out tanks and waved flags to mark the 20th anniversary on Wednesday of the blitz that ended its independence war while Serbia mourned the event as ‘the biggest ethnic cleansing since World War Two’.

The stark contrast in mood underscored how far apart the two ex-Yugoslav states remain despite moving to repair relations more than a decade ago.

Jul 30, 2015

Coincidence or corruption? The case of Serbia’s bouncing lottery ball 21

BELGRADE, July 30 (Reuters) – The head of Serbia’s national
lottery resigned on Thursday after a television graphic during
this week’s draw appeared to predict the winning number,
triggering suspicion and outrage among impoverished Serbs for
whom playing the Lotto has been a weekly ritual for decades.

The draw dominated Thursday’s front-pages in the Balkan
country, where Serbs had hoped their beloved lottery was above
the corruption that permeates much of Serbian life.

Jul 22, 2015

Serbian PM hosts Bosnian leaders, cools tempers after mob attack

BELGRADE (Reuters) – Serbia’s prime minister said on Wednesday he had already forgotten a mob attack on him in Bosnia 11 days ago as he hosted Bosnia’s three-man presidency in a visit designed to cool tempers between the ex-Yugoslav republics.

Aleksandar Vucic was hounded from a commemoration in eastern Bosnia marking the 20th anniversary of the massacre at Srebrenica of over 8,000 Muslim men and boys by Bosnian Serb forces in the closing months of the 1992-95 Bosnian war.

May 28, 2015

Russia’s Gazprom says Ukraine’s total gas debt is $29.5 billion

BELGRADE (Reuters) – Russian natural gas producer Gazprom put Ukraine’s total gas debt at almost $29.5 billion on Thursday, ratcheting up pressure in a gas pricing dispute with the country, which is fighting a pro-Moscow rebellion on its eastern outskirts.

Ukraine’s Naftogaz and Gazprom are squaring off in an arbitration court in Stockholm, where Naftogaz is seeking more than $16 billion from the Kremlin-controlled company.

May 8, 2015

Belgrade airport plans expansion, aims to become regional hub

BELGRADE (Reuters) – Belgrade’s main airport plans to invest 20 million euros over two years in expanding capacity to cope with a sharp increase in traffic, a senior official said on Friday, with the government hoping to attract bids to run the airport.

Ana Lukovic, director of development and investment, told Reuters that the ultimate goal “is to make Belgrade a regional hub.”

May 6, 2015

Serbia to end protection for indebted state firms – prime minister

BELGRADE, May 6 (Reuters) – Serbia will not ask the
International Monetary Fund to let it continue protecting
indebted state-operated firms from creditors, Prime Minister
Aleksandar Vucic said on Wednesday, reversing government policy.

An IMF mission this week started its review of Serbia’s 1.2
billion euro ($1.36 billion), three-year precautionary loan
deal, which, amongst other things, envisions the state selling
or reforming a number of unprofitable and indebted companies.

Apr 26, 2015

Serbia seals deal with Abu Dhabi developer for controversial Belgrade makeover

BELGRADE (Reuters) – Serbia sealed an agreement with an Abu Dhabi investor on Sunday for a multi-billion-dollar, Dubai-style riverside development that has drawn fire from some Belgraders worried about the scale and cost of the project.

Belgrade Waterfront marks the first foray into central and eastern Europe by developer Eagle Hills and Emirates real estate tycoon Mohamed Alabbar.