Turkish textile company Yilteks Konfeksiyon will start jeans production in Leskovac, southern Serbia, and employ 500 workers there, Blic reported. Trial production will start with 50 employees within a month's time. The Turkish company will initially lease the facilities of bankrupt local textile maker Leteks and later on it is allegedly planning to buy local company Sintetika. The Turkish company plans an initial investment of EUR 3mn. |
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