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338 million dollar loan for Corridor 10 construction
Tuesday, 14 July 2009
Corridor 10Serbian government took loan from World Bank for construction of Corridor 10. Loan is 338 million dollars, and it will be used for finishing several sections of the Highway. First section is from Dimitrovgrad town to the Bulgarian border. From Grabovica to the Grdelica, and from Vladicin Han to Neredovci. World Bank stated that construction of those sections will improve road safety and efficiency of transport in Serbia. Head of the World Bank office in Serbia Simon Gray stated that this loan will help Serbian economy in ongoing financial crisis. Also that this project will employ many people, and include small companies also, which will also indirectly contribute to the economy. This loan funds will be released 1st of September this year. Return period is set to 20 years with grace period of 8 years. Beside World Bank Corridor 10 project in Serbia is also being financed by European Investment Bank 600 mil. euros approximately, European Bank for Reconstruction and Development 150 mil. euros approximately, and Greek Government by 100 million euros. Total sum for finance of the remaining projects is 1,2 billion euros.
 
Universiade 2009 Opened
Wednesday, 01 July 2009

UniversiadeThe 25th Universiade had been opened in Belgrade on July the 1st .This universiade will host 8500 athlets from 145 countries, and they will compete in 15 different sports. Participants will be hosted in newly constructed residential area Belville in Belgrade Block 67. Opening ceremony was held in nearby Belgrade Arena Hall. After the Olympic Games, Universiade is the biggest sporting event which could be hosted at one country, and cycle is every two years, and only FISU members could apply. Universiade 2009. will end at the closing ceremony on the July the 12th . You could see some Belville images from april this year, in our gallery.

 
South Stream pipeline will cost 700 million euros
Tuesday, 19 May 2009
PipelineSouth Stream pipeline will enter Serbia near Zajecar city near eastern Serbian border, and main knot will be near Belgrade suburb Batajnica, where pipeline will branch into 2 routes, one towards Hungary at the north, and other towards Bosnia & Herzegovina towards west. Pipeline construction will be financed by mutual company formed by SerbiaGas and Russian Gazprom. New bank will be founded by two companies, instead of only Gasprom, which was the original plan. future pipeline will cost at least 700 million euros. With finish one of the largest pipelines in Europe, because of it's geographical position Serbia will become regional "energetic knot" and leading energy distributor in the region. Also few natural gas power plants are being planed for construction with nominal power of 450 MW. SerbiaGas will participate in Energy Summit at SantPeterburg, where could be arranged to construct another natural gas storage facility in Serbia, even larger than existing one near town of Banatski Dvor. After modifications, Banatski Dvor facility will have capacity approximately to 300 million cubic meters of natural gas.
Estimated project finish is 31. December of year 2015. and pipeline capacity will be at least 20 billion cubic meters of natural gas per year.
 
Reasons for investing in Land
Sunday, 22 March 2009

GreenfieldFor many centuries, people measured wealth in owned land, and it was main source of human existence. Although human society advanced, and there are many forms of storing value. Still, definitively the best is investing in land. Due to the limited amount of it, and constant demand, in the future land could only appreciate in value. Advantages are many, your investment will never drop on value if you choose your land correctly. Second advantage is that land is indestructible, money could loose value in inflation, gold is expensive and difficult to secure, stocks and bonds could depreciate, only land remains as it was. Third advantage are endless possibilities for further development, you could build on it, sell it, rent it, use it for agriculture etc. meaning that land is always usable. When buying a piece of land, most important thing where you should pay attention is location. Because location represents most important aspect of land's value. Many things influence value: proximity of large cities, important roads, rivers, seas, railways, climate.

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Gazprom company is entering serbian bnaking market
Saturday, 14 March 2009

Gazprom After the entrance of the Moscow Bank to the Serbian market, Gazprom Bank will also join. Serbian Petroleum Industries, were purchased by Russian company Gazprom Neft, and after that it will also enter the banking market with their own bank. Most probably Gazprom bank will take over local Universal bank, because it is far more easier and faster to take over some domestic bank instead of building a new one. Negotiations are almost over, fist price was 200 million Euros but, now due to the ingoing financial crisis it could be almost half of that value.
Gazprom company has share of 41,73% in Gazprom Bank, while 42,89% belongs to the Lider investment fund, approximately 7% is owned by Gazprom retirement fund, and 6,3% by company "New Financial Technologies."

 
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