Funds for South Stream across Serbia secured

Director of the Srbijagas public company Dusan Bajatovic said on Tuesday that the funds have been secured for land expropriation needed for construction of the South Stream gas pipeline, as well as funds for the section of that gas pipeline across Serbia.

The South Stream project should help increase energy security, Energy Minister Zorana Mihajlovic said on Tuesday, underscoring that Serbia has taken all the necessary steps up to this point. ...»

Serbia could obtain the certification for establishing direct flights to the United States this year, it was said at a meeting between a delegation of the US Federal Aviation Administration (FAA) and Transportation Minister Milutin Mrkonjic that was held in Belgrade on Monday....»

It is positive that the budget deficit was twice lower than the planned figure in February but this should not be used as an indicator for the entire year, economists stated in an interview for Tanjug....»

Around 8,000 hectares of land will have to be expropriated for the needs of construction of the South Stream pipeline section through Serbia and this will cost around EUR 24 million, the Serbian parliament Committee for the Economy, Regional Development, Trade, Tourism and Energy stated at its Monday session....»

It is encouraging news that Serbia repaid EUR 125 million, and reduced the share of its public debt in the gross domestic product (GDP) to 59.9 percent at the end of January, but that positive result is only short-term, as it had not been triggered by changes in the real sector, economists told Tanjug on Monday....»

Serbian Minister of Finance and Economy Mladjan Dinkic met Monday with businessmen from Qatar who stated they are interested in making investments in Serbia, particularly in the field of electronics and construction. ...»

Naftna Industrija Srbije (NIS), Serbia's national oil company, recorded a RSD 49.5 billion net income in 2012, which is up by 22 percent compared to the previous year, NIS Director General Kirill Kravchenko stated on Monday....»

Serbia's budget deficit in January amounted to RSD seven billion, twice less than projected for this month, the Ministry of Finance and Economy has said in a release....»

First Deputy Prime Minister Aleksandar Vucic on Sunday announced that Swedish furniture maker Ikea would come to Serbia in April 2014 and that if Serbia gets a date for accession talks with the EU this June there will be more foreign investments....»

Serial production of Fiat's 500L model for the U.S. market will begin in March while sale will start in the second half of this year, Fiat Automobili Srbija CEO Antonio Cesare Ferrara told Tanjug. ...»

Representatives of 22 Serbian companies will present their products at the 20th international food and beverages trade fair Prodexpo 2013 in Moscow, which opens Monday and runs through February 15, the Serbian Chamber of Commerce (PKS) said in a release....»

The European Bank for Reconstruction and Development (EBRD) will invest EUR 300 million in Serbia this year through some twenty projects, said EBRD director for Serbia Matteo Patrone, noting he is very satisfied with the way EBRD funds are being used in the country....»

Officials of 22 companies from Serbia will present their products at the 20th international food and beverage fair Prodexpo 2013 in Moscow February 11-15, the Serbian Chamber of Commerce (PKS) announced on Friday....»

Etihad Airways from the United Arab Emirates is interested in Jat Airways and exchange of business data has already been arranged between the two companies, Tanjug learned from Jat on Friday....»

The Electric Power Industry of Serbia (EPS) urgently needs a loan of RSD 50 billion or that public company would go bankrupt as soon as in late March, EPS Acting Director Aleksandar Obradovic said on Thursday....»

Serbia's meat market is stable, and seasonal increases in prices will probably not happen until June and will not exceed 10 percent, Serbian Chamber of Commerce expert Vojislav Stankovic told Tanjug on Thursday....»

A promotion of new support measures for the Serbian IT industry will begin at the world's largest trade fair showcasing digital IT and telecommunications solutions, CeBIT 2013, which will be held in Hanover from March 5-9. ...»

The inflation in Serbia should be single-digit and could reach 7.5 percent in 2013, which is more than it was planned, analyst at the Marketing Research Institute (IZIT) Sasa Djogovic estimated....»

The state will ensure tax relief for IT companies and non-refundable assistance for young entrepreneurs, adjust education system to the needs of that sector, and offer backing to exporters through its assistance program, Minister of Finance and Economy Mladjan Dinkic said on Thursday....»

Extraordinary elections in 2013 would lead Serbia to bankruptcy, economic analyst of the Market Research Institute Sasa Djogovic stated on Thursday....»