Some EUR 503mn will be spent on upgrading Serbia's power distribution grid, Tanjug news agency reported, citing Slobodan Petrovic, president of the energy association with the Serbian Chamber of Commerce. The modernization of the grid will result in reducing transportation losses, Petrovic added. The official reminded that a tender for the procurement of equipment for distance meter-reading, financed by the EBRD, is under way and the bidders should be known soon. According to Petrovic, the funds allocated for this project stand at some EUR 80mn. |
Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more
Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more
Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more