PM Mirko Cvetkovic and World Bank Managing Director Ngozi Okonjo-Iweala have agreed on a new four-year loan that will enable the country to draw USD 200mn per year, a statement on the government's website read. Serbia will also be able to receive additional funds, if necessary, the PM said. Serbia will use 50% of the WB funds to cover the budget gap, and the remainder will be earmarked for a variety of projects. Serbia still has USD 400mn worth of World Bank funding at its disposal for road infrastructure projects, the PM noted. Mirko Cvetkovic attended the spring meeting of the IMF and the World Bank in Washington. |
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