OFAC Issues New License to Petroleum Industry of Serbia (NIS)

OFAC Issues New License to Petroleum Industry of Serbia (NIS)

The US Office of Foreign Assets Control (OFAC) has issued a new license to the Petroleum Industry of Serbia (NIS), as reported by the newspaper Politika. According to reports, this license allows for ...

Economic Developments in Serbia and the Region: From Dividends to New Rules for Plastic Imports

Economic Developments in Serbia and the Region: From Dividends to New Rules for Plastic Imports

Significant economic developments have been recorded in Serbia and the region recently, including dividend payouts, the extension of gas contracts, changes in plastic import rules, and average salary ...

Turkey Produces Key Component for Altay Tank Despite Embargo

Turkey Produces Key Component for Altay Tank Despite Embargo

In the Turkish city of Gaziantep, a domestic factory will produce key components for the Altay tank, skillfully circumventing the embargo. The Turkish Defence Industry Directorate has signed a contrac...

Emil Frey Slovenia: Revenue Growth Despite Market Share Decline

Emil Frey Slovenia: Revenue Growth Despite Market Share Decline

Emil Frey Slovenia, the third-largest car dealer in Slovenia, recorded revenue growth despite a decrease in market share in the past year. The company, which represents numerous brands from the Stella...

Voli and EBRD Sign a 25 Million Euro Recapitalization Agreement

Voli and EBRD Sign a 25 Million Euro Recapitalization Agreement

Voli Trade and the European Bank for Reconstruction and Development (EBRD) have signed a recapitalization agreement under which the EBRD will invest 25 million euros in Voli's equity. This investment ...

Montenegrin Economy to Experience Stable GDP Growth of 3.2 Percent Next Year

Montenegrin Economy to Experience Stable GDP Growth of 3.2 Percent Next Year

The Montenegrin economy should continue to experience stable growth, with real gross domestic product (GDP) growth expected to be 3.2 percent next year. The Minister of Finance, Novica Vuković, stated...

Improved Meter Reading and Communication with Consumers at Elektroditribucija

Improved Meter Reading and Communication with Consumers at Elektroditribucija

Elektrodistribucija DOOEL Skopje, at the request of the Regulatory Commission for Energy, Water Services and Municipal Waste Management Services (RKE), is undertaking active measures to improve servic...

Factory Closures in Serbia: Leoni and Aptiv Leaving Workers Jobless

Factory Closures in Serbia: Leoni and Aptiv Leaving Workers Jobless

Following the closure of the German company Leoni's factory in Malošište, which left 1,900 workers unemployed, the British company Aptiv has closed its plant in Zaječar, leaving 500 workers without jo...

Banja Luka Gets a New CUPRA Garage

Banja Luka Gets a New CUPRA Garage

A new SEAT/CUPRA center was opened in Banja Luka on December 22nd, making this city a new point on the CUPRA map of Bosnia and Herzegovina. After Sarajevo, this is the second CUPRA garage in the count...

North Macedonia Declares State of Crisis in Electricity Supply

North Macedonia Declares State of Crisis in Electricity Supply

The Government of the Republic of North Macedonia has declared a state of crisis in the supply of electricity throughout the entire country. The decision, made at a Government session on the proposal ...

Montenegro: The Only Country in Europe Without Cooperatives, While the EU Builds Its Future on Cooperativism

Montenegro: The Only Country in Europe Without Cooperatives, While the EU Builds Its Future on Cooperativism

In the European Union, cooperatives play an increasingly significant role, engaging millions of food producers and consumers, while Montenegro lags behind as the only European country without a functi...

News from Serbia and the Region: Pensions, Gas, Legalization, and New Investments

News from Serbia and the Region: Pensions, Gas, Legalization, and New Investments

Activities are ongoing in Serbia on various fronts, from economic measures to infrastructure projects. President Aleksandar Vučić has announced that pensioners will receive the highest pensions in his...