Search Results for: Serbia

THE NUMBER of Turkish textile firms making the most of advantageous business conditions in Serbia and setting up companies in the Balkan state is set to double by the start of the new year, economic experts have predicted.

Offering investors state-of-the-art established production facilities, access to a skilled workforce and financial subsidies on the table, Serbia has proved to be a prime location for Turkish investment, particularly in the textile industry.…

International police agency Interpol and its European Union (EU) counterpart Europol have
announced what they say is the biggest hit ever against online piracy with law enforcers
taking down more than 20,500 websites selling counterfeit goods seized in 26 countries.
Participating countries were Albania, Austria, Belgium, Bosnia & Herzegovina, Britain,
Colombia, Croatia, the Czech Republic, Denmark, France, Greece, Hungary, Iceland, Ireland,
Italy, Latvia, Moldova, Norway, Peru, Portugal, Romania, Serbia, Spain, Ukraine, the USA
and China special administrative region Hong Kong.…

CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1.

India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation. …

Croatia has reversed a decision to raise import fees on food imports charged at its borders with its non-European Union (EU) Balkan countries Serbia, Montenegro and Bosnia & Herzegovina, as well as on trades from Macedonia, another ex-Yugoslav state. The Croatian ministry of agriculture today (Aug 10) announced that “from Friday [August 11] onwards the border controls would be fully normalised”.…

HUNGARY has signed an agreement with Russia’s Gazprom involving the central European country linking its gas distribution networks to the planned TurkStream pipeline, routing Russian gas via Turkey into Europe. Hungarian foreign minister Peter Szijjarto struck the deal with Gazprom CEO Alexey Miller, which involved Hungary building infrastructure to link with TurkStream, which will also cross Bulgaria and Serbia.…

SERBIA’S Belgrade Nikola Tesla Airport handled its first direct flight to New York, USA, last June (2016) and thus grabbed an extraordinary opportunity to start re-positioning itself as a south-east Europe hub offering flight connections.

Domestic airline Air Serbia has been successfully operating this route to John F Kennedy International Airport, but the preparations at the Nikola Tesla for handling transatlantic flights was not smooth at all.…

THE PRESIDENT of a key Serbian meat industry association has told GlobalMeatNews that a new meat quality label will help raise standards among her country’s manufacturers and processors, boosting sales at home and abroad.

Tamara Penjić, the president of the Serbian Meat Quality Label Association, said the label will “contribute to the strengthening of export potential and the opening of new markets”.…

EUROPEAN food and drink exporters will be preparing to boost exports through the Comprehensive Economic and Trade Agreement between the European Union (EU) and Canada (CETA), which has been provisionally approved by the European Parliament.

The deal, whose duty reduction and quota expansion elements could apply from April (2017) will phase out nearly 99% of tariffs on all food and drink traded between the EU and Canada over the next seven years.…

MANY personal care product markets in eastern and central Europe are growing slowly, with incremental growth being tapped especially by major international brands who have squeezed out local players with their solid pricing and reliable quality.

But with natural cosmetics rising in popularity, there is still space for innovative smaller players with sufficient local roots and knowhow to appeal to consumers in what remains an extremely diverse region in terms of culture and consumer habits.…

MANY personal care product markets in eastern and central Europe are growing slowly, with incremental growth being tapped especially by major international brands who have squeezed out local players with their solid pricing and reliable quality.

But with natural cosmetics rising in popularity, there is still space for innovative smaller players with sufficient local roots and knowhow to appeal to consumers in what remains an extremely diverse region in terms of culture and consumer habits.…