Agreement signed for 10 hydroelectric plants
BELGRADE -- EPS has signed an agreement with Italian company SECI Energia for founding a joint venture called Ibarske Elektrane.
Gaetano Maccaferri and Dragomir Marković (Beta)
In the coming years, they will be building 10 hydroelectric plants along the Ibar River, worth a total of EUR 278mn.
EPS General Director Dragomir Marković said that positive commercial effects are expected from the agreement, adding that attention will be paid to renewable sources of energy and the protection of the environment.
“Also, the project will be bringing benefits to the local community in various ways, starting with taxes, work for the local companies in building the plants, and jobs for locals in the construction process, and later in the exploitation,” Marković said.
The Italian company will own 51 percent of the shares of the new company.
“The energy that is produced will be available to the entire country, and the entire market. We agreed with our partners that the environment must be protected and the specifics of the local region must be respected and invested in, and we believe that this project will contribute to development in the region,” Italian company representative Gaetano Maccaferri said.
Energy Minister Petar Škundrić said that the agreement represents 20 percent of the agreed investments that will be made in the energy sector with the help of the Italian government.
Italian ambassador to Serbia Armando Varricchio said that “Italy believes that Serbia is the most important country in the region and that it will be the main force of development in the region and will attract foreign investments.”
“I am sure that this project will have benefits for both sides,” he said.
June 29, 2010 | 15:36 | Source: Tanjug | Comments: (0) | Send comment
WASHINGTON, BELGRADE -- The Executive Board of the International Monetary Fund (IMF) reached a positive decision Monday on the fourth review of Serbia's economic performance.
July 4, 2010 | 16:44 | Source: Blic | Comments: (3) | Send comment
BELGRADE -- Since 2008, the average Serbian wage has decreased by EUR 100 and pensions have decreased by about EUR 30.
July 3, 2010 | 16:00 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The government decided on Friday to name the consortium led by Citigroup Global Markets as the financial advisor for the sale of Telekom Srbija’s shares.
July 3, 2010 | 15:58 | Source: B92 | Comments: (0) | Send comment
BELGRADE -- Energy Minister Petar Škundrić said that electricity prices will not increase at this time.
July 4, 2010 | 10:43 | Source: B92, Tanjug | Comments: (0) | Send comment
BELGRADE -- Work on the Ub-Lajkovac part of the Belgrade-South Adriatic highway would begin in ten days, Infrastructure Minister Milutin Mrkonjić said.
July 3, 2010 | 11:02 | Source: B92, Beta | Comments: (0) | Send comment
BELGRADE -- About 55 percent of businesspeople in Serbia believe that a fixed exchange rate should be implemented.
June 30, 2010 | 15:39 | Source: Tanjug | Comments: (7) | Send comment
BELGRADE -- The unemployment rate in Serbia in April amounted to 19.2 percent, showed the Labor Force Survey.
June 30, 2010 | 12:13 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The current rise in retail prices confirms the National Bank of Serbia (NBS) forecast that year-on-year inflation will stay under four percent in June.
June 30, 2010 | 10:08 | Source: Beta | Comments: (0) | Send comment
SVILAJNAC -- Panasonic will "start working" in Svilajnac by mid-October, and it also announced that it will build a new factory there, says Economy Minister Mlađan Dinkić.
June 28, 2010 | 10:28 | Source: Tanjug | Comments: (3) | Send comment
MOKRA GORA -- IMF Resident Representative in Serbia Bogdan Lissovolik expressed belief that the IMF would approve the fourth revision of Serbia's current loan.
June 29, 2010 | 12:10 | Source: Večernje novosti | Comments: (1) | Send comment
BELGRADE -- A fixed exchange rate would suit exporters but the Serbian people would pay the price, says National Bank of Serbia (NBS) Council Chairman Dejan Šoškić.
July 1, 2010 | 15:48 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- Serbia's public electric company EPS officials say that the price of electricity should rise "by 35 to 40 percent".
July 1, 2010 | 15:43 | Source: B92 | Comments: (0) | Send comment
BELGRADE -- German WAZ media group owner Bodo Hombach has reportedly sought assistance from two Serbian businessmen in his bid to take over the Večernje Novosti company.
June 28, 2010 | 16:47 | Source: Beta, Tanjug | Comments: (0) | Send comment
BERLIN, BELGRADE -- The German media group WAZ will try to save more than half of the EUR 120mn it invested in Serbia, according to daily Hamburger Abendblatt.
June 29, 2010 | 15:27 | Source: FoNet | Comments: (0) | Send comment
KOSJERIĆ -- Economy Minister Mlađan Dinkić on Monday opened a new distillery in Kosjerić, a town in western Serbia.
July 2, 2010 | 15:04 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The National Bank of Serbia (NBS) Executive Board has decided to maintain the key policy rate at eight percent, the NBS released on Friday.
June 28, 2010 | 16:09 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Those employed by companies based in Belgrade's municipality of New Belgrade received the highest average May salaries in Serbia.