Ivana's Feed
Jul 18, 2014

Serbia reforms labour, pension laws as part of promised overhaul

BELGRADE, July 18 (Reuters) – The Serbian Parliament adopted
the first in a raft of reforms intended to cut spending and
attract investors, with measures that liberalise the labour
market and raise the retirement age for women.

The government is now expected to move quickly to push
through legislation on bankruptcy and privatisation. That will
provide a basis for restructuring dozens of loss-making
state-run companies.

Jun 27, 2014

Serbia relies on Gulf cash for Belgrade waterfront development

BELGRADE, June 27 (Reuters) – Serbia unveiled plans on
Friday to redevelop the Belgrade waterfront, aiming to make the
capital a tourism and business hub, in a controversial 3 billion
euro scheme that will be funded by Gulf Arab cash.

The Belgrade Waterfront project promises office and luxury
apartment blocks, eight hotels, a shopping mall and a tower
resembling Dubai’s landmark Burj Khalifa, albeit a quarter of
the size at 200 metres, on the right bank of the Sava River.

Jun 18, 2014

Zloty stable, focus on political fallout after tape leak

BELGRADE, June 17 (Reuters) – The Polish zloty
held firm on Wednesday even though industrial output data for
May fell short of forecasts and leaked remarks by the central
bank governor continued to worry markets.

Data published on Wednesday showed May industrial output in
the region’s largest economy rose 4.4 percent year-on-year, less
than the 6.3 percent forecast in a Reuters poll. The data did
not move the zloty.

Jun 10, 2014

Zloty around 14-month high, Slovenian yields at 8-year lows

BELGRADE, June 10 (Reuters) – The Polish zloty held at
around 14-month highs against the euro on Tuesday amid
expectations that recent monetary easing by the European Central
Bank will boost investors’ appetite for Europe’s emerging market

With Polish interest rates likely to stay on hold for the
time being, investors sought to profit on diverging interest
rate paths in Poland and the euro zone, pushing the zloty up.

Jun 5, 2014

Serbia says has no plan to delay South Stream construction

BELGRADE, June 5 (Reuters) – Serbia said on Thursday it had
no plans to delay the start of construction of its leg of
Gazprom’s South Stream gas pipeline, scheduled for
July, after the European Union this week asked Bulgaria to
suspend work on the project.

The European Commission, the EU’s executive arm, says South
Stream breaks EU competition rules that prohibit gas suppliers
from also controlling pipeline access, and it has put on hold
the approval process for the project.

Jun 3, 2014

After the floods, questions for Balkan governments

OBRAC Serbia (Reuters) – Pavle Pavlovic never heard the flood siren at 5 a.m. on Friday, May 16, when the waters of the nearby Kolubara River had already entered the Serbian town of Obrenovac.

The 37-year-old power plant worker woke three hours later to find his street submerged. Like thousands of others, he was trapped.

May 21, 2014

Floods inflict grievous blow on frail Balkan economies

MAGLAJ, Bosnia/BELGRADE, May 20 (Reuters) – When the waters
receded, hundreds of employees at the paper and pulp factory in
the Bosnian town of Maglaj turned up for work. Armed with
shovels, they began to clear the mud that caked the Natron Hayat
mill, where machinery had sat for days submerged under three
metres of water.

The factory was wrecked, and barely a house in the town
around it was left untouched by the worst floods to hit the
Balkans in living memory.

May 20, 2014

Serbia declares national mourning, flood toll rises

BELGRADE, May 20 (Reuters) – Serbia on Tuesday declared
three days of national mourning and reported another death in
the worst rainfall to hit the Balkan region in living memory,
even as the rising River Sava threatened more havoc.

Prime Minister Aleksandar Vucic said the death toll in the
town of Obrenovac, southwest of Belgrade, alone had reached 14.

May 15, 2014

Five dead as worst floods in 120 years hit Serbia, Bosnia

SARAJEVO/BELGRADE (Reuters) – The heaviest rains and floods in 120 years have hit Bosnia and Serbia, killing five people, forcing hundreds out of their homes and cutting off entire towns.

The five casualties, one of them a firefighter on a rescue mission, drowned in Serbia. Bosnia and Serbia declared a state of emergency, while the Serbian Orthodox church said it would hold special prayers in Belgrade for the rain to stop.

May 15, 2014

Bosnia, Serbia hit by worst flooding in 120 years

SARAJEVO/BELGRADE (Reuters) – The heaviest rains and floods in the past 120 years hit Bosnia and Serbia this week, killing three people, cutting off electricity and leaving several towns and villages isolated.

The three casualties, one of them a firefighter on a rescue mission, drowned in Serbia. The country declared a state of emergency in 18 towns and cities, including the capital, Belgrade.