Serbian national airline Air Serbia set records over the first six months of 2023, transporting around 1.7 million passengers, which was an increase of 87 percent over the previous year and 59 percent more compared to the record year 2019, which was prior to the pandemic. This also translated into good business. “According to preliminary
Serbian alternative power company Untermolo will build a 5 MW solar power plant in Subotica, designated Bikovo 1, to follow the Bikovo power plant, with both plants using the same switchgear facility, according to press reports. The municipal government of Subotica gave a positive environmental assessment decision on Bikovo 1, according to business news site
The subsidiary of Czech international investment giant PPF Group, Netherlands-based PPF Group NV, agreed to divest a 50% plus one share stake in CEE and SEE assets to Etisalat by e&, for EUR 2.5 bln, according to the company and media reports. Etisalat b e& will pay EUR 2.15 bln, with an additional earnout of
Serbia is counting on dramatic attendance during the planned EXPO27, with the government projecting more than EUR 12 bln in investment projects and Finance Minster Sinisa Mali harping back to former US President Franklin Roosevelt’s New Deal. “Like when Roosevelt launched the New Deal, we are planning to invest between EUR 12 bln and EUR
DS Smith, a leading sustainable packaging provider, today announced it has entered into an agreement to acquire Bosis D.o.o., a high-quality packaging company in Serbia. Miles, Roberts, group CEO, noted increasing demand for green packaging, with the acquisition expected to be completed within “the second half of DS Smith’s financial year.” “We are seeing significant
Ikotek USA, Inc., a leading IoT original design manufacturer (ODM) and electronics manufacturing service (EMS) provider from the USA, publicly announced at the end of July an “expanded presence with the establishment of an office in Belgrade, Serbia, as part of its dedication to global growth.” “We are thrilled to expand our footprint in Serbia,
Egypt and Serbia are currently in the process of negotiating a free-trade agreement, according to local media, which cited on July 27 meetings between Egyptian Minister of Trade and Industry Ahmed Samir and Serbian Minister of Domestic and Foreign Trade Tomislav Momirovic. Negotiations are currently being undertaken a the “expert level,” according to the publication,
Kragujevac is set to gain another investor, with the announcement that heating and cooling equipment manufacturer Jaga will open a factory and research and development in the MIND Industrial park there, Marko Čadež, president of the Chamber of Commerce and Industry of Serbia (CCIS) said in a press release. “Our Belgian friends decided to come
Serbian state-owned communications operator Telekom Srbija has now officially acquired Globatel, according to business registry information, as cited by news site ekapija.com. The acquisition has been some time in coming, with Telekom Srbija CEO Vladimir Lucic shaving stated in the past that this was in the cards. The value of the deal has not been
Construction officially began at the 9.95 MW Saraorci solar power plant July 18, a PowerChina and German AVR Solar Park joint-project that is the most recent alternative energy project to get under way in Serbia. “The solar potential of Serbia is about 30 percent higher than the potential of Germany, which is one of the
