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Latest Business News from Serbia

tito-s-ny-penthouse-opens-doors-to-potential-buyers-10-13-2017
16 Oct 17

Tito's NY Penthouse Opens Doors to Potential Buyers

A real estate agency is ready to show potential buyers the 418-square-metre penthouse apartment on Park Avenue in Manhattan once used by Yugoslav President Josip Broz Tito.

croat-clothing-brand-profits-from-tito-nostalgia-10-12-2017
12 Oct 17

Croat Clothing Brand Profits From Tito Nostalgia

A new Croatian urban clothing company is turning the slogans and emblems of the long-gone communist era into a fashion statement.

ballkan-experts-create-global-security-warning-app-ping--08-22-2017
23 Aug 17

Balkan Experts Create Global Warning App

At the time of insecurity over terrorism and natural disasters, a couple from Bosnia and their friend from Serbia have created a smart phone application called 'Ping' that warns users of imminent dangers in their vicinity.

ebrd-praise-steps-towards-privatisation-on-serbian-galenika-08-21-2017
21 Aug 17

EBRD Welcomes Serbian Move to Privatise Galenika

Following restructuring in Galenika, the European Bank for Reconstruction and Development, EBRD, says its ready to consider supporting new investors to revive the pharmaceutical company.

croatia-s-trade-barrier-angers-neighbors-08-02-2017
02 Aug 17

Croatia's Raised Import Tax Angers Neighbours

Western Balkan countries have united in condemning Croatia's tax increase on imports of fruit and vegetables, with some hinting at possible counter-measures in response.

swedish-row-exposes-eastern-low-cost-it-services-07-25-2017
25 Jul 17

Sweden Scandal Highlights Cheap Romanian, Serbian IT Market

The growth of the low-cost IT subcontracting market in Eastern Europe has been highlighted by a scandal over Romanian, Czech and Serbian programmers potentially having access to Swedish citizens’ data.

legal-issues-holding-back-the-serbian-spas-privatisation-07-14-2017
17 Jul 17

Asset Rows Slow Sale of Serbia's Neglected Spas

Despite repeated announcements of the imminent privatisation of Serbia's 50 or spas, legal disputes over ownership of the assets is delaying the whole process.

new-accusations-against-bulgarian-tycoon-in-serbia-05-19-2017
30 May 17

Bulgarian Tycoon’s Serbian Factory Awaits Bankruptcy Ruling

A court is due to decide on the potential bankruptcy of Serbian Glass Factory, amid claims of falsified debts and accusations against its owner, Bulgarian tycoon Tsvetan Vasilev.

balkan-countries-hit-by-cyber-attack-05-15-2017
15 May 17

Romania Worst Hit in Balkans by Cyber-Attack

Romania was the Balkan country worst affected by last Friday's global cyber-attack, while Bulgaria reported that one unnamed public institution was affected.

vasilev-s-serbian-company-facing-bankruptcy-05-12-2017
15 May 17

Bulgarian Tycoon's Serbian Factory Faces Bankruptcy

Workers at the indebted Serbian Glass Factory in Paracin, owned by Bulgarian tycoon Tsvetan Vasilev - whose extradition is now sought by the Bulgarian authorities - are demanding that the Serbian government help them.

serbian-minister-to-organize-meeting-on-agrokor-without-croatia-04-18-2017
19 Apr 17

Serbia Hosts Agrokor Summit Without Croatia

Serbia's Trade Minister on Wednesday will host a joint meeting with trade ministers from Slovenia, Bosnia and Montenegro on the Agrokor crisis - but apparently without a Croatian representative.

croatia-s-agrokor-chief-restructuring-officer-known-04-03-2017
03 Apr 17

Alvarez Likely to Head Restructuring of Croatia's Agrokor

Media reports have revealed that Antonio Alvarez III of Alvarez and Marsal will be in charge of restructuring Croatia's troubled economic giant Agrokor.

standstill-agreement-reached-between-croatian-agrokor-and-banks-03-31-2017-1
31 Mar 17

Emergency Deal Announced to Keep Croatia's Agrokor Solvent

Amid fears that Croatia's biggest private company could sink under its debts, Erste bank on Friday announced a 'standstill agreement' designed to keep the failing giant solvent during a restructuring process.

balkan-retail-giant-agrokor-face-new-troubles-02-24-2017
24 Feb 17

Balkan Retail Giant Agrokor Faces New Troubles

The biggest retail company in Croatia, with a strong presence in the region, faces fresh financial trouble, as its bond prices drop again.

office-for-kosovo-presenting-tourism-potentials-of-kosovo-on-tourism-and-vine-fair-02-24-2017
24 Feb 17

Belgrade Showcases Kosovo Serb Tourism Potential

The Serbian government is promoting the tourist potential of breakaway Kosovo at the Belgrade Tourism and Wine Fair - but only the potential of Serb-run areas.

Premium

agrokor-crisis-may-give-russia-balkan-breakthrough--09-29-2017
02 Oct 17

Agrokor Crisis May Give Russia ‘Balkan Breakthrough’

Russia may try to its use the huge debts that the failing Croatian giant owes it to mightily strengthen its presence in the Balkans, a Slovenian expert, Borut Suklje, told BIRN.

02 Aug 17

Serbia’s Govt to Cash in on Sound of Music

20 Jul 17

Serbia in Two Minds Over New IMF Deal

Politics and Society

party-games-hide-and-seek-with-election-cash-10-12-2017
17 Oct 17

Party Games: Hide and Seek with Election Cash

Powerful parties in the Balkans are suspected of using proxy donors to fill campaign war chests with cash from secret sources. How authorities respond is a test of their independence.

13 Oct 17

Kosovo Honours US Pilot for 1999 NATO Bombing