Serbia

wiiw slashes Emerging Europe growth forecasts for 2022 and 2023

bne IntelliNews January 27, 2022

Turkish growth is expected to slow to 3.5% this year, from a forecast 9.5% in 2021, while for Russia, GDP growth is forecast to slow to 2% from 4.5%.

Serbia-founded HTEC Group raises $140mn for global expansion

bne IntelliNews January 27, 2022

Investment in fast-growing consulting, software engineering and digital product development company HTEC Group is among the largest initial funding rounds by dollar value in Europe this past year, HTEC said.

BioSense and NASA team up to help Serbia's agriculture sector adapt to climate change

bne IntelliNews January 26, 2022

Project intended to help Serbian agriculture cope with climate change and use water resources and land as rationally as possible.

BALKAN BLOG: Cancelled $2.4bn Rio Tinto project linked to Djokovic deportation

bne IntelliNews January 25, 2022

The Serbian government revoked licences for Rio Tinto’s massive lithium project just days after Australia deported Serbian tennis star Novak Djokovic. But the reasons for cancelling the project have more to do with domestic politics.

Serbia revokes licences for Rio Tinto’s $2.4bn lithium project

bne IntelliNews January 21, 2022

Huge lithium project cancelled following weeks of mass protests in Serbia.

OUTLOOK: 2022 Serbia

bne IntelliNews January 20, 2022

President Aleksandar Vucic and the ruling SNS to be put to the test in election year.

Crisis eases in Bosnia as Dodik says Serbs to return to state institutions

Eldar Dizdarevic in Sarajevo January 17, 2022

Bosnian Serb leader backs on withdrawal of Serbs from army and other state institutions under pressure from Serbian President Aleksandar Vucic.

Kosovo’s parliament bans voting in Serbian referendum in Kosovo

Valentina Dimitrievska in Skopje January 16, 2022

Voting underway in Serbian referendum on constitution aimed at boosting independence of the judiciary, but MPs in Pristina vote to ban ethnic Serbs from voting on Kosovan territory.

Migrants meet smugglers in Serbia: Is the Balkan route really closed?

Katarzyna Rybarczyk in Belgrade January 12, 2022

The Balkan route used during the 2015 European migrant crisis might officially be closed, but the migrant movement never ceased.

PPF still has the deal-making mojo after death of founder Petr Kellner

Robert Anderson in Prague January 11, 2022

New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.

Heavy EU spending failed to improve rule of law in Western Balkans

bne IntelliNews January 10, 2022

Over €700mn spent to little effect in candidate and prospective candidate countries, finds European Court of Auditors.

BALKAN BLOG: Top Serbian government officials undermine vaccination message with vocal support for Djokovic

bne IntelliNews January 9, 2022

President Aleksandar Vucic and other top officials have come out in support of Serbian tennis star Novak Djokovic, currently detained in Australia, whose vaccination status is unclear.

Serbian media tycoon takes over Southampton football club

Eldar Dizdarevic in Sarajevo January 5, 2022

United Media founder Dragan Solak bought football club from Chinese real estate magnate Gao Jisheng in £100mn deal.

New COVID-19 wave looms in under-vaccinated Southeast Europe

bne IntelliNews January 4, 2022

Soon after Southeast Europe emerged from the autumn wave of the pandemic, cases are already rising again as the Omicron variant spreads in the region.

CEE banking: As good as it gets in (post-) crisis times and the challenging geopolitical environment

Gunter Deuber in Vienna December 20, 2021

Western European banks have made double-digit increases in the growth of their credit exposures to the CE/SEE region in the past 12-18 months.

Serbia suspends plans for Rio Tinto’s lithium mine

Eldar Dizdarevic in Sarajevo December 17, 2021

Plans to build huge mine that would have turned Serbia into Europe's top lithium producer on hold after mass protests.

Telekom Srbija to get a €70mn loan from EIB for introduction of 5G and expansion of 4G network

bne IntelliNews December 16, 2021

EIB loan will enable 60% of Serbian citizens to get access to 5G and expand the 4G network so it is accessible to almost all citizens.

National Bank of Serbia expects inflation to peak in late 2021 and early 2022

bne IntelliNews December 14, 2021

Annual inflation reached 7.5% in November, mainly driven by higher food and energy prices.

Back to rail at the start of the Western Balkans’ green transition

Clare Nuttall in Glasgow December 13, 2021

The Western Balkans states are looking anew at long-neglected rail networks as they embark on the green transition. The EIB’s Matteo Rivellini outlines efforts to develop rail in the region.

BALKAN BLOG: Vucic’s tactical retreat in the face of mass protests

Ann Smith in New York December 10, 2021

The Serbian president unexpectedly caved in to the demands of protesters against Rio Tinto’s Jadar lithium project, cleverly dividing the protest movement and undercutting its credibility.

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