The most comprehensive coverage of business news from Serbia Issue no. 1512 - Belgrade, Friday May. 16, 2008

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•  Radicals, DSS, Socialists agree "principles for forming" Serbian coalition government, ruling alliance in Belgrade. •  Outgoing government confirms deal with car maker Fiat. •  Caretaker cabinet adopts 2009 budget memorandum, projections for 2010, 2011. •  CPI up 1.5% in April. •  Central bank keeps key interest rate unchanged at 15.25%.				•  Cigarette maker Philip Morris International pours EUR 525 million so far, says Serbia “exciting place to invest.” •  Winning bidder pulls out of EUR 121.1 million deal to buy tractor producer IMT. •  34 charged with embezzling RSD 374.3 million from Belgrade’s public waste management company. •  Croatian food company Agrokor invests EUR 25 million in cooking oil maker Dijamant, plans to pour EUR 50 million more. •  Agribusiness Panvita-Nova Brazda to build EUR 10 million meatpacking plant. •  UniCredit Bank Srbija ups Q1 net profit 6.12% year-on-year. •  Hypo Alpe-Adria-Bank boosts net profit to RSD 1.38 billion in 2007. •  ProCredit Bank lifts net profit to RSD 531.8 million in 2007. •  Cooking oil maker Sunce’s profit slumps to RSD 38.3 million in 2007. •  Europaproperty.com names Airport City Belgrade SEE Office Project of Year 2007. •  Sell-off authority seeks at least EUR 1.67 million for packaging paper maker Fabrika Hartije. •  Hungarian drug wholesaler Medicplast lifts stake in water management firm DTD to 99.2%. •  Brewery BIP projects loss in H1. •  Agrobanka expects RSD 875 million profit in H1. •  Metals Banka targets RSD 590.2 million pre-tax profit in H1. •  Battery producer FAS aims for RSD 137 million net profit in H1. •  Drug merchant Velefarm plans RSD 10.9 billion in H1 sales revenues. •  Electric motor maker ATB Sever projects RSD 2.34 billion in H1 revenues. •  Tennis star Djokovic, consumer products maker Henkel Merima, meatpacker Carnex win awards under “Path to Success” project. •  Eurobank EFG Stedionica opens four branch offices in April. •  Belgrade stocks extend gains to second straight day.		Country Currency Median Exchange rate (CSD) EU 1 Euro 82 Australia 1 Dollar 50 Canada 1 Dollar 53 Denmark 1 Crown 11 Japan 100 Yen 50 Norway 1 Crown 10 Sweden 1 Crown 8 Switzerland 1 Franc 50 Great Britain 1 Pound 103 USA 1 Dollar 53 Belgrade, Thursday May. 15, 2008 Click here to see latest trades.
Friday, May 16 Mostly sunny. Low 14º C. High 26º C.				Saturday, May 17 Sunny. Low 16º C. High 29º C.
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