Serbia and Montenegro need to provide EUR 337mn for the overhaul of the Belgrade-Bar railway, it emerged at a meeting for the supervisory committee over the feasibility study of the project. Serbia needs to secure EUR 198mn, while Montenegro will have to pay EUR 138.9mn, part of which it will draw from the IPA pre-accession programme. The modernisation will result in increased speed of the trains. |
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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