Bosnia's Serb Republic PM Zeljka Cvijanovic has confirmed that the authorities will make certain checks of the operations of ArcelorMittal's local unit in order to see if there have been any wrongdoings as alleged by the Republic's President Milorad Dodik, daily Nezavisne Novine reported.
Dodik said on July 13 the authorities believe there have been some misconduct in certain procedures regarding the transfer prices, adding the company might be using connected firms to export its profit from the Republic. Talks will be held with company representatives this week.
ArcelorMittal owns 51% of iron ore mining company ArcelorMittal Prijedor. In Bosnia's Federation, the global steel maker also owns Zenica-based steel mill ArcelorMittal Zenica.
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more