KOPAONIK, Serbia, March 5 (Reuters) – Serbia has teamed up
with European exchange EPEX Spot to launch a regional spot power
bourse in the third quarter this year to introduce competition,
develop reliable prices and security of supply in the region,
its grid operator EMS said on Wednesday.
Paris-based EPEX will hold a 25 percent stake in the SEEPEX
exchange, with EMS owning the remaining share, EMS general
manager Nikola Petrovic said on the sidelines of an economic
forum in the Serbian mountain resort of Kopaonik.
BELGRADE, Jan 29 (Reuters) – Serbia’s President Tomislav
Nikolic on Wednesday called an early parliamentary election for
March 16 after the dominant centre-right SNS party said it
needed a stronger mandate to accelerate reforms.
The coalition government asked Nikolic on Tuesday to
dissolve parliament and call the election, less than two years
after the western Balkan country’s last vote.
BELGRADE, Jan 28 (Reuters) – Serbia’s coalition government
asked President Tomislav Nikolic on Tuesday to call an early
election with the dominant centre-right SNS party looking to
accelerate reforms by cashing in on a surge in its popularity.
Nikolic was expected on Wednesday to schedule the
parliamentary election for March 16, just under two years since
the people of the western Balkan state last voted.
BELGRADE (Reuters) – Serbian authorities suffered a setback in their bid to relocate hundreds of asylum seekers from a freezing forest on Thursday after a barracks they planned to use was torched following a protest by local residents.
The government in the European Union candidate country has faced growing criticism over its failure to house a rising tide of migrants, mainly from Africa and the Middle East, who have legally sought asylum.
BELGRADE (Reuters) – Work began on Sunday on the Serbian leg of Gazprom’s South Stream gas pipeline, a project set to tighten Russia’s grip on Balkan energy supplies and provide an alternative to a troublesome route via Ukraine.
The planned pipeline will transport some 63 billion cubic metres of gas per year through the Black Sea, Bulgaria, Serbia, Hungary and Slovenia into Italy, starting by 2016-17.
BELGRADE/PRAGUE, Nov 22 (Reuters) – Russia will take a step
toward tightening its grip on Balkan energy supplies and
strengthening its influence in southeastern Europe when
construction starts on the Serbian leg of Gazprom’s South Stream
pipeline on Sunday.
Balkan countries, which receive the bulk of their natural
gas deliveries from Russia’s state-controlled Gazprom,
have been eager to find new supply routes following repeated
disputes between Russia and Ukraine that have shut down the main
pipeline serving the region.
BELGRADE/TIRANA, Nov 15 (Reuters) – Bad loans have turned
the Balkans from high-yielding paradise to profit-sapping
purgatory for international banks, crimping their ability to
lend and weighing on the region’s economic potential.
In Albania, banks’ return on equity was 34 percent in early
2000 and stayed in double digits for most of the decade until
the financial crisis tightened its grip. It was minus 2 percent
in the third quarter of 2013, after what Seyhan Pencabligil,
president of a lobby group for Albania’s 16 banks, called an
“alarming increase in bad loans”.
BELGRADE (Reuters) – One of the Balkans’ richest men went on trial on Thursday in a high-profile case that the Serbian government says is a long-overdue drive to end more than two decades of lawlessness.
Miroslav Miskovic, who created a retail, insurance and real estate empire through the collapse of Yugoslavia in the 1990s and Serbia’s emergence from isolation, faces up to 10 years in jail if found guilty on charges of fraud and tax evasion.
BELGRADE, Nov 4 (Reuters) – Serbia will need to borrow 662.5
billion dinars (5.8 billion euros) in 2014 to service debt and
finance a budget deficit set at 4.6 percent of output, under a
draft budget published on Monday.
The Balkan country, whose rising public debt has unnerved
investors, plans to borrow 330 billion dinars domestically, by
issuing bonds and T-bills in local currency.
BELGRADE (Reuters) – Serbia’s government delayed detailing painful spending cuts for a day while the country’s prime minister visited Brussels on Monday to tackle a problem over Kosovo that could delay talks on eventual EU entry.
Last week, powerful Deputy Prime Minister Aleksandar Vucic, who heads the Serbian Progressive Party, the senior partner in the coalition government, had said spending cuts would be announced on Monday.