|The Serbian government does not plan to sell coal mining company Resavica, Tanjug news agency reported citing energy minister Zorana Mihajlovic. Instead of splitting the company into smaller parts and offering for sale part of them, the government is planning to invest in new technology and improve the miners' safety as well as boost the company's coal output, Mihajlovic added. Resavica operates nine mines employing some 4,000 miners. The company's Rembas mine will open a new pit in the next six months in order to reach a new layer of coal and ensure additional quantities for the next 15 years, Mihajlovic said.
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