Slovenia and Balkan Weekly News Briefing — Week Ending 29 November 2015
Balkan States Woo Chinese Investors at Summit
At the ’16 + 1′ summit, which opened on Tuesday, China is deepening its interest in Southeastern Europe, investing in trade, finance, agriculture and infrastructure projects.
Meanwhile visitors to Slovenia from abroad show that the number of tourists in the first nine months of 2015 is up by 11.8%
Number of active companies up 2.4% in 2014
There were 186,433 active companies in Slovenia in 2014, up 2.4% from 2013. Their total revenue reached EUR 93.572bn, which is 3.3% more than in the year before, data released by the Statistics Office shows.
Graft watchdog upholds corruption allegations against Ljubljana mayor
Almost three years after first accusing Ljubljana Mayor Zoran Janković of misreporting his assets, the anti-graft watchdog has issued a new opinion largely upholding its original claims that some of Janković’s financial dealings constitute “explicit corruption risk”. The mayor, who maintains his innocence, has announced a new legal challenge.
EBRD keen to invest in Slovenian food industry
The European Bank for Reconstruction and Development (EBRD) is keen to invest in Slovenia’s food industry, whose companies are the most efficient in the region, an event co-organised by the EBRD in Ljubljana on Friday heard.
Slovenian scientists in breakthrough on rare earth technology
A group of scientists from the Jožef Stefan Institute (IJS) have helped bring about an important breakthrough on technology that will reduce the use of rare earth elements in key components of electric motors.
HP business in Slovenia sold
The business of the Slovenian subsidiary of Hewlett-Packard (HP) has been sold to Selectium, a company owned by international IT services group Midis, in a move that the new partner says will ensure unaffected operations for existing clients.
Slovenia’s eco tax share in tax revenue highest in EU
Slovenia tops the list of EU countries by the proportion of environmental taxes in its total tax revenue, fresh data from Eurostat, the EU’s statistics office, suggests.
Number of tourists in first nine months up 11.8%
A total of 3.09 million tourist arrivals were recorded in Slovenia in the first nine months of the year, which is an increase of 11.8% year-on-year. Tourists generated a total of 8.31 million overnight stays in the period, up 8% year-on-year, the Statistics Office said on Wednesday.
Calcit to expand with EUR 10M loan from EBRD
Calcit, the Stahovica-based manufacturer of calcium carbonate pigments, fillers and granulates, has secured a EUR 10m loan from the European Bank of Development and Reconstruction (EBRD) to expand its production.
Slovenian banks still struggling with bad claims
The share of bad claims on the books of Slovenian banks has been declining, but it remains a problem, according to figures released by the European Banking Authority on Tuesday.
Adria Airways Tehnika sold to Polish Linetech Holding
The owners of Adria Airways Tehnika have signed an agreement to sell the aircraft maintenance firm to the Polish industry peer Linetech Holding in a deal unofficially worth two million euros.
Former Yugoslav States, Albania Vow to Step Up Drive to Join EU
Former Yugoslav republics and neighboring Albania vowed to resuscitate their drive for European Union integration after the migrant crisis rocked the region and created the worst political rifts between Balkan states since the civil wars of the 1990s.
BOSNIA AND HERZEGOVINA
Bosnia’s National Airline Awaits Imminent Closure
BH Airlines, the troubled national carrier of Bosnia and Herzegovina, is likely to be put into liquidation before the end of the year after running up a debt of around 17.5 million euros.
Croatia’s economic sentiment in November close to record level
In November, the Economic Sentiment Indicator (ESI) in Croatia remained close to a record level and broadly stable in both the euro area and the European Union, according to a European Commission survey whose results were released on Friday.
President starts talks on new PM in deadlocked Croatia
Croatia’s president opened talks with parliamentary parties Thursday to try and name a prime minister-designate and end a political stalemate after an election 18 days ago failed to produce an outright winner.
Croatia Stalemate Makes New Elections More Likely
With negotiations on forming a working majority of MPs in Croatia’s parliament getting nowhere, new parliamentary elections look increasingly likely.
Fitch disappoints with continued ‘junk’ rating
Hungary’s reduction of external debt was not enough to earn an upgrade. Political stability, business environment and indebtedness remain the drags, according to the rating agency.
Siemens eyes Paks upgrade turbine contract
Chairman-CEO Dale A. Martin of Germany’s Siemens expressed intentions to sign a €1 billion contract with the Hungarian government to supply the turbines for the upgrade of Paks nuclear power plant, German business daily Handelsblatt reported yesterday, according to Hungarian news agency MTI today.
Hungarian, Chinese business partners seal deals worth nearly $2 bln
Hungarian and Chinese companies signed contracts with a combined value of almost $2 billion in Beijing yesterday, Hungarian news agency MTI reported today.
Protests in Pristina against agreement with Serbia, opposition leader arrested
Thousands of people rallied in Pristina on Saturday, protesting against an agreement on the normalisation of relations with Serbia and demanding the Kosovo government scrap it.
Pro-Russian Parties Seek To Derail Montenegro’s NATO Bid
Pro-Russian parties in Montenegro are stoking unrest in Montenegro in an apparent bid to sabotage Podgorica’s hopes of receiving an invitation from NATO next week to join the alliance.
Zaev and SDSM admitted that they lied to the public for the events in Kumanovo
SDM leader Zoran Zaev finally admitted that he and his entire party manipulated the citizens of Macedonia after the action of the Ministry of Interior in Kumanovo Divo Naselje. Zaev and SDSM then claimed that the action is rigging done by the Macedonian authorities although were killed 8 members of the security forces, writes Press 24
The project “Foreign experts for domestic companies” continues to deliver excellent results
China Daily: Macedonia is credible friend and partner
Chinese Premier Li Keqiang yesterday met with Prime Minister Nikola Gruevski in Beijing, where reached Agreement on cooperation in infrastructure and industrialization, writes China Daily.
Ahonen: Macedonia can easily become IT leader, the Government understands the future
Tomi Ahonen, the world renowned motivational speaker and author of bestsellers for mobile technology, says that the IT sector and mobile technology can initiate the development of Macedonia. According to him, these industries are dominated by young people, which our country has, reported Lider.
Chinese companies interested in investing
Chinese companies are interested to increase investment in Central and Eastern Europe, and this will open up new opportunities for companies, said businessmen from Macedonia participating at the 5 Trade Economic Forum, held in the Chinese city Sudzhou.
Low metal prices concern (Google Translate)
Halving of the stock prices of metals questioned the viability of domestic mines. The cost of production is higher than the purchase. Business — sector requires authorities to make efforts to restart production in Zletovo and Kr and find a new investor …
US and NATO Praise Montenegro’s Progress
US and NATO officials welcomed Montenegro’s security reforms ahead of a key meeting ne
xt week, when alliance foreign ministers will decide on whether to invite it to join the club.
PM says “very favorable” conditions secured in China
Serbian Prime Minister Aleksandar Vucic stated on Thursday that a memorandum has been inked in China on the construction of two sections of Corridor 11.
Serbia’s ‘Institutional Chaos’ Deters Investors
Belgrade’s failure to implement reliable business regulations and judicial reform is damaging the country’s chances of economic recovery, warn experts.
Belgrade wants to reestablish flights to Pristina
Marko Djuric said on Thursday that Belgrade is interested in restoring flights to Pristina after 16 years
Business environment “improves considerably”
The Serbian Chamber of Commerce (PKS) on Wednesday presented the results of the fifth annual survey of 1,000 businesses.