Ivana's Feed
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.

Apr 23, 2015

Balkan economic growth held back as banks curtail credit

BELGRADE, April 23 (Reuters) – In 1980s’ Yugoslavia, a small
family-run hair products manufacturer made a splash with an
advert for a hair-loss shampoo featuring a young man singing the
Lionel Ritchie song “Don’t Wanna Lose You”.

Biomelem has since grown to become one of the most
recognisable herbal shampoo producers in the ex-Yugoslav
republic of Serbia, with an excellent credit record and VIP
status at several banks.

Apr 22, 2015

Serbia sells Yugoslav-era film studio, rights to iconic movies

BELGRADE (Reuters) – Serbia sold a famed Yugoslav-era film studio on Wednesday for eight million euros ($8.59 million), signing away the rights to an archive of classic cinematography over the protests of filmmakers and cinema buffs.

Founded in the wake of World War Two by Yugoslav leader Josip Broz Tito, Avala Film produced or co-produced hundreds of movies including a host of much-loved classics including the 1967 winner of the Cannes Film Festival’s Palme d’Or, “I Even Met Happy Gypsies”.

Apr 17, 2015

Serbian president’s plane plunges for “eternity” before steadying

BELGRADE, April 17 (Reuters) – An ageing Serbian government
plane carrying the country’s president tumbled through the air
“for a whole two minutes” on Friday when an engine failed,
tossing passengers around the cabin.

The plane landed safely back in Belgrade, but President
Tomislav Nikolic was forced to cancelled his official visit to
meet Pope Francis in the Vatican.

Apr 10, 2015

Serbia gives go-ahead to UAE development plan for Belgrade

BELGRADE, April 10 (Reuters) – Lawmakers in Serbia gave the
green light to a riverside development project in Belgrade,
bankrolled by an Abu Dhabi investor but deeply dividing
residents of the capital.

Developers hope to break ground on Belgrade Waterfront this
year, transforming a bleak wasteland on the east bank of the
Sava River over at least the next 10 years into a forest of
gleaming metal and glass at a cost of at least 3 billion euros
($3.25 billion).

Mar 26, 2015

Just a phone call away, Serbia and Kosovo forego foreign mediators

PRISTINA/BELGRADE (Reuters) – The leaders of Serbia and its former southern province Kosovo have spoken by phone in the first direct talks without foreign mediators since a 1998-99 war, both countries said on Thursday.

The telephone call late on Wednesday coincided with the first visit to Pristina and Belgrade by Federica Mogherini since taking over as the European Union’s foreign policy chief, with Serbia impatient to start accession talks with the bloc.

Mar 12, 2015

Serbia cuts rates to ward off deflation after IMF deal

BELGRADE, March 12 (Reuters) – Serbia’s central bank cut its
benchmark interest rate on Thursday for the first
time since November to 7.5 percent, moving to ward off deflation
and support economic growth on the back of a new IMF loan deal.

The cut – by 50 basis points – was in line with the
expectations of seven of 14 bankers and analysts polled by
Reuters. The reduction came on the heels of a new precautionary
loan deal agreed last month with the International Monetary
Fund.