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Finance Minister signs agreements on 235-mln-euro worth of loans
Serbian Finance Minister Sinisa Mali and representatives of the French Development Agency and the World Bank have signed agreements on two loans – for combating climate change and rail modernization – in the presence of Serbian Prime Minister Ana Brnabic. The agreements pertain to the Programme Loan for Public Policies for Climate Change and the […]
Public poll:”Vucic’s party still by far the strongest in Serbia”
The Serbian Progressive Party (SNS) is still by far the strongest political organisation in Serbia, with the support of exactly 60% of the population, according to the latest research conducted by Faktor Plus. The survey was carried out before the announcement of the unification between SNS and Aleksandar Šapić’s SPAS. I was conducted from 28 […]
U.S. Ambassador: “U.S. administration dissatisfied with continuous postponement of Belgrade-Pristina agreement”
The U.S. Ambassador to Serbia, Anthony Godfrey, said that the United States is dissatisfied with the continued delays in the dialogue between Belgrade and Pristina. However, he added that he was glad that the authorities in Serbia recognised the importance of resolving the issue and the fact that procrastination of the issue only harms people […]
3,000 dinar reward for each vaccinated person will cost Serbian budget dearly
According to economic experts, Serbian public finances will suffer once the announced 3,000-dinar-incentive for citizens who have been vaccinated or will be vaccinated by 31 May is paid out. In addition to having to take out a new loan to cover this expense, experts believe that the President of the State, Aleksandar Vučić, is thus […]
Vucic: 3,000 dinars for vaccinated citizens, no sick leave for those who are not vaccinated
Serbia’s President Aleksandar Vucic said on Wednesday that the state would award the citizens who had been vaccinated with 3,000 dinars in addition to the second financial aid to help people cope with the economic consequences of the coronavirus epidemic. The move followed an unsatisfactory response to the call for immunisation despite Serbia providing enough […]
Salaries of government ministers increased again
Serbian ministers seem not to be touched by the economic crisis caused by the coronavirus pandemic since the Government has increased their salaries and fees for board membership by 40 percent, the Nova.rs website reported on Tuesday. The website earlier analysis showed that ministers’ wages were increased between 10 and 30 percent on average in […]
Austrians interested in investing in solar plants in Serbia
Austrian company Solid Solar Energy Systems is interested in investing in solar power plants in Serbia, said the company’s director Stephan Jantscher after a meeting with Serbian Energy Minister Zorana Mihajlovic. “Together with our Serbian partners we have studied the market and conducted several feasibility studies for different cities in order to assess the potential […]
Czech company IMG Manufacturing to open its second factory in Serbia
IMG Manufacturing will invest EUR 15 million in the construction of a factory that will produce automotive components in the industrial zone Vršac. This is the first greenfield investment of the Czech Republic in the production sector of Serbia. The factory will span over 6,000 square metres and will be situated on a 1.3-hectare land […]
When will FDIs return to the pre-pandemic level?
The pandemic has postponed many business projects for better days. Last year, foreign investments (FDI) worldwide dropped by up to 40%. In 2020, Serbia received EUR 2.9 billion in net foreign direct investments, half of what it received in 2019. However, the Development Agency of Serbia is convinced that it would be possible to return […]
Germany’s Bizerba to open a factory in Valjevo
The German company Bizerba, a leading producer of scales in the world, is coming to Valjevo. This was confirmed by the Valjevo City Council. The new factory, worth EUR 33 million, which will have 305 permanent employees initially, would be located in the new Business Zone in the suburban settlement of Goric. The arrival of […]
China is just beginning to invest in Serbia
Large infrastructure and capital projects in Serbia, in which Chinese companies participate, will continue in 2021 too, while Chinese investments in real estate, logistics centres, food production and various cooperatives in the field of agriculture can be expected, although Serbia has a problem in the fragmentation of farms. This is according to Tomislav Despić, director […]
Anti-Corruption Council recommends government to reconsider subsidies to foreign investors
The Anti-Corruption Council recommended to the Government of Serbia to allocate subsidies and incentives according to priorities of national importance from real sources and not with the money from new loans, as well as to re-consider allocating very high subsidies to foreign investors. “What is the purpose of subsidies, granted mainly to foreign investors, which […]
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