Business

Digital electric solutions company Schneider Electric to upgrade Serbian medium-voltage network in EUR 140 mln project

Schneider Electric solutions will help upgrade Serbia’s medium-voltage electrical distribution network in a EUR 140 mln project to improve grid reliability, reduce failures and shorten outage duration. It will also reduce network losses, which will allow huge CO2 emissions reduction and savings. Digital energy transformation management company Schneider Electric announced it has signed a contract

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Business Economy

Delays at Nikola Tesla airport to be rectified through the addition of more employees, says Serbian gov

Responding to a large number of delays at the Belgrade Nikola Tesla Airport, Minister of Infrastructure Goran Vesic stated that 30 more employees have been hired and that they will begin work on Saturday, July 7. The statement comes, following complaints by Air Serbia, whose officials have stated that the primary reason for delays has

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Business

Luss Textile lays foundation stone for Raška factory; will employ 500

The foundation stone for the construction the new Luss Textile Raška factory was laid June 28 in Kruševac, with the company planning to employ 500 people. The new plant, together with the already existing factories in Raška and Vlasotinac, will make Luss Textile the largest regional manufacture and bring the total number of employees to

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Business Realestate

AFI City Zmaj business center project opens in Belgrade

Belgrade witnessed the official opening of the AFI City Zmaj business center on June 28, with the investment projected to encompass 180,000 square meters and with the center located just off the E-75 highway and less than 15 minutes from the airport. The opening took place before a VIP audience, which included the Israeli ambassador,

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Business

German kitchen equipment producer Hansgrohe opens factory in Serbia; will employ 1,000

Approximately two years after the company’s announced plans to expand manufacturing in Serbia, German bath and kitchen supply producer Hansgrohe opened a factory—the first step in a planned EUR 85 mln investment–in the Valjevo Business Zone with President Aleksandar Vucic in attendance. At the ceremony, which was also attended by Hansgrohe CEO Hans Jeurgen Kalmbach,

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Business Politics

Hungary, Serbia sign MoU on oil pipeline construction

Coming potentially as a counter to EU pressure, primarily over simmering tensions in Kosovo, or a need for stable energy supply due to turbulence caused by the ongoing war in Ukraine—or both—Serbia appears to be moving forward on the construction of a Serbian-Hungarian oil pipeline, which would follow a 304 kilometer path along the Szazhalombatta-Algyo-Roszke-Novi

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Business Politics

European chambers of commerce want Kosovo government ban on trade with Serbia lifted, says Serbian chamber prez

Various European chambers of commerce as members of Eurochambers, which is noted as the largest such European business association, issued a statement June 20, requesting that Kosovo lift a ban regarding the entry of goods from Central Serbia to Kosovo and Metohija. “I repeated to my colleagues from the European Chambers of Commerce that blockades

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Business

Novi Sad wins over another manufacturer in Chinese parts producer Jiangsu Lianbo Precision Technology

Chinese automobile parts producer Jiangsu Lianbo Precision Technology will open a manufacturing plant in Novi Sad, according to Serbian media reports. The company stated it will establish a manufacturing plant at the CT Park industrial park, which will encompass 14,000 square meters, according to SEE News. Likewise, an estimated 500 persons will be employed. The

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Business Politics

Telekom Serbija eyeing Globaltel in market consolidation move

Consolidation may be in order in the Serbian telekom sector, with Telekom Serbija reportedly eyeing a takeover of Globaltel, according to media reports. Telekom Serbija CEO Vladimir Lucic announced that he is planning to buy 100 percent of Globatel, which is majority owned by Pink Media Group, as reported by the weekly news magazine, NIN,

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Business

Serbian nat’l airline Air Serbia commences flights to Krakow and Varna

Serbian national airline Air Serbia announced that with the June 5, 2023 flight JU638, the airline commenced direct flights between Belgrade and Krakow—with this flight representing a seasonal line between Belgrade and Varna. “Tourists who love exploring European metropolises will definitely be pleased by our new scheduled flights to Kraków,” said Boško Rupić, general manager

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