NIS buys OVM gas stations in Bosnia-Herzegovina
BELGRADE -- Oil Industry of Serbia (NIS) on Friday in Belgrade signed a cotnract to acquire 100 percent ownership of OVM's Bosnia-Herzegovina assets.
NIS will take over the network of 28 gas stations the Austrian company now has in Bosnia.
A statement said that OMV was one of the strongest companies in that market, and pointed out that the acquisition of its gas stations was "a step in the implementation of the regional development strategy", with expansion of NIS' retail network in the Balkans as one of the priorities.
The takeover of the OMV retail network in Bosnia will provide NIS with a channel to sell its Euro 5 quality fuel, made in Serbia.
The company also said that as part of its regional development strategy, the Bosnian market was identified as a priority, in addition to the markets of Bulgaria and Romania.
It is expected that the contract between NIS and OMV will be final after the approval of regulatory institutions in charge of protection of competition. Under a mutual agreement, the company will not disclose the purchase price, the statement said.
NIS' business plan for 2013 envisages that the company will have at least 100 gas stations in Bulgaria, Romania and Bosnia.
Meanwhile in Serbia, NIS has the largest network, with 332 gas stations.
The former Serbian state oil monopoly is now majority-owned by Russia's Gazprom.
November 28, 2012 | 16:03 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Russian Deputy PM Dmitry Rogozin has informed Serbian President Tomislav Nikolić that Russian state bodies have officially approved a favorable loan to Serbia.
November 28, 2012 | 18:09 | Source: Tanjug | Comments: (4) | Send comment
BELGRADE -- Serbia and Russia "will draw up an analysis of the possibilities for improvement of military and economic cooperation", Aleksandar Vučić has announced.
November 26, 2012 | 10:58 | Source: RTS, Tanjug | Comments: (5) | Send comment
BELGRADE -- Serbia's Minister of Natural Resources Milan Bačević says a preliminary decision on a new, USD 1 billion loan Serbia plans to take from Russia had been made.
November 30, 2012 | 14:17 | Source: Tanjug | Comments: (3) | Send comment
BELGRADE -- Serbia's foreign trade deficit stood at USD 6.26 billion in the first nine months of 2012, reflecting a year-on-year drop of 1.2 percent.
November 30, 2012 | 09:45 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Serbian strengthened against the euro by 0.6 percent or RSD 0.64 and against U.S. dollar by one percent on Friday, the National Bank of Serbia (NBS) says.
November 28, 2012 | 17:29 | Source: Tanjug | Comments: (0) | Send comment
The Serbian parliament will probably vote on the 2013 budget proposal on December 1, ruling SNS party parliament group leader Veroljub Arsić has stated.
November 28, 2012 | 14:15 | Source: Beta, Tanjug | Comments: (2) | Send comment
BELGRADE -- The Serbian government supports the arrival of Swedish furniture maker IKEA, PM Ivica Dačić has said after meeting the company's representatives.
November 27, 2012 | 13:56 | Source: Tanjug | Comments: (1) | Send comment
The Serbian government has no serious economic recovery programs at the moment, and is focused on putting public finances in order, says Vladimir Gligorov.
November 28, 2012 | 09:16 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Serbian dinar weakened by 0.6 percent against the euro on Wednesday, setting the official middle exchange rate at RSD 112.7102 for one euro.