ICT magazine

The Family Sport company will not be building a tennis academy in Kragujevac because of “political pressure being put on the Đoković family”. Family Sport stated that “because of regular political pressure, which has increase over the last several months, and the open attacks of local committees from various parties ...

Slovenian household appliances factory Gorenje Tiki is moving part of its production of kitchen water heaters from Ljubljana to Stara Pazova, north of Belgrade. According to Slovenian daily Delo, Gorenje is trying to cut productions costs and increase distribution outside Slovenia by moving the production.

Minister of Mining and Energy Petar Škundrić 18 assessed that Electric Power Industry of Serbia, EPS, will remain in majority state ownership. "EPS will never be privatized according to the general model for selling enterprises," Škundrić said in Novi Sad, at the opening of an electrical relay station into which ...

Ministry of Energy and Mining has announced that conditions have been met for the gasoline price in Serbia to rise by RSD 4.11 per liter on average. The latest hike would see MB and BMB gasoline cost RSD 114.72 per liter, while D-1 diesel would cost RSD 105.47.

Serbian and Polish businessmen reached an agreement Wednesday to sign a protocol on the building and reconstruction of railroad infrastructure in Serbia. They also discussed investments in other branches of the economy, President of the Serbian Chamber of Commerce (PKS) Miloš Bugarin said in his talk with Polish Deputy Prime ...

National Bank of Serbia Governor Radovan Jelašić says the central bank's key goal is to achieve and maintain price stability. He added that the 2010 inflation should be between 4 and 8 percent.

Telecommunications Minister Jasna Matić says this year "will not be bad for privatization of Telekom" and that a realistic price could be achieved. Telekom Srbija is the country's state-owned telecommunications company.

The EBRD is considering giving a loan to Serbian Railways worth EUR 100mn for the restoration of Corridor 10 routes. The money would also serve to buy 15 new locomotives and spare parts.

Finance Minister Diana Dragutinović said that the state should try to have no budget rebalances this year and to keep wages and pensions at the same level. She told daily Večernje Novosti that budget income is at the planned level and an increase in wages and pensions can be ...

Serbia could join World Trade Organization (WTO) in 2011, Serbian Economy Minister Mlađan Dinkić says. The economy minister expects Serbia to adjust its legal regulations and complete bilateral negotiations with the WTO members this year.

Jat Airways Director General Srđan Radovanović says the company's direct losses amount to between EUR 25 and 26mn. But he also added that this public enterprise is not thinking about filing for bankruptcy, since the national air carrier's recovery plan "is producing results".

Delta Holding will invest EUR 80mn in expansion of its retail network and open the first Tempo hypermarket in Bulgaria this year. Serbia's largest privately-held company bought a majority stake in Bulgarian retail chain Piccadilly in September 2007 and has so far invested a total of EUR 140mn in Bulgaria, ...

Deputy Prime Minister Jovan Krkobabić says that both salaries and pensions in the public sector could be rise. This could occur "if a growth of the economy is registered, and if investments and employment increase", he was quoted as saying.

The National Bank of Serbia (NBS) foreign exchange reserves dropped by EUR 71.4mn in February. The figure now stands at EUR 10.6bn, the central bank announced on Monday.

The Serbian Roads public company has signed a contract on Monday with Austrian Strabag for the reconstruction of the Gazela Bridge in Belgrade. Strabag won the tender for the reconstruction of the bridge with an offered price of EUR 58mn.

Unions and employers are asking for a meeting with government officials to reach an agreement on key economic measures for 2010. The government has yet to address their request.

Serbian Progressive Party (SNS) official Nikola Selaković said that the government is generating a new crisis with its announced plans. He said that the government’s announced plans of making constitutional chanGes and adopting a decentralization law are contributing to a new crisis.

Infrastructure Minister Milutin Mrkonjić said that a contract for the construction of the northern branch of Corridor 10 will be signed by March 20. The partS of the highway in question stretche from Novi Sad to Horgoš and from Subotica to Kelebija.

Despite the possibility that it may pull out of regional countries, the Hypo Alpe-Adria-Bank is a stable and successful institution in Serbia, the bank stated. The Austrian bank plans on pulling out of Hungary, Bulgaria, Montenegro, Macedonia and Ukraine, according to Austrian media.

The inflation rate in Serbia, measured by the Consumer Price Index, reached 0.7 percent in the first two months of this year. The Statistical Office of the Republic of Serbia said on Friday that the inflation rate in February totaled 0.3 percent, while the inter-annual inflation rate reached 3.9 percent.