Over EUR 3bn to be invested in Serbian mining sector by 2020.

By bne IntelliNews September 13, 2011
Over EUR 3bn should be invested in the Serbian mining industry by 2020 and the number of people employed in the sector is seen growing to about 30,000, Tanjug news agency reported citing state secretary for mining Zlatko Dragosavljevic. According to Dragosavljevic, the long-term goal of the development strategy for the Serbian mining industry is to raise its share in the country's GDP from the current 2% to over 5% by 2020. Annual ore production should increase from 80 tonnes currently to 120 tonnes and annual revenues are seen rising from EUR 1.2bn to EUR 2.3bn by 2020, Dragosavljevic said. The state secretary presented a new bill on mining at the local chamber of commerce and said he expected the bill to be approved by government by end-September and by parliament by end-October.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

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

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

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

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss