Slovenian bakery producer Don Don and Serbia's ailing flour and bakery maker Zitoprodukt have signed a cooperation agreement under which Don Don will lease part of Zitoprodukt's production facilities, Beta news agency reported. Don Don plans to invest between EUR 500,000 and EUR 600,000 in new equipment and technologies as well as EUR 1.5mn in raw material and working capital. The lease agreement is expected to help Zitoprodukt avoid the sale of its assets by creditor banks. |
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