Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Abu Dhabi signs $1bn loan pact with Serbia  Join our daily free Newsletter

MENAFN - The Peninsula - 08/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Serbia has signed an agreement for a 1bn loan from Abu Dhabi, the emirate's Department of Finance said yesterday, boosting the Balkan country's drive to find investors from outside the eurozone



Serbian Finance Minister Lazar Krstic had said that the 10-year loan would be given at an interest rate of two percent.



"This loan will provide new opportunities for cooperation and will develop economic and trade relations. It will support the Serbian economy and will provide numerous investment opportunities for the two sides. It will also support the goals of joint projects between the two countries," Krstic said in a statement



It would further encourage private and public sectors within the United Arab Emirates to look for investment opportunities in Serbia, the statement said



The AE approved a 400m loan to Serbia in 2013, used for investment in irrigation throughout Serbia and loans for farmers for the purchase of agricultural equipment. Last year, state-owned Abu Dhabi carrier Etihad Airways acquired a 40m, 49 percent stake in Serbian flag carrier JAT Airways, which was renamed as Air Serbia.




In 2013, Belgrade announced arms deals with the UAE, including exports of armoured personnel carriers and the joint development of a guided surface-to-surface missile



For the UAE, the relationship offers an early back door route into the European Union, which Belgrade wants to join, and access to the former Yugoslavia's industry. Serbia, a country of 7.3 million people, hopes to join the EU by 2020. Investing there would offer the UAE a chance of eventual direct access to the huge EU market before costs rise

 


The Peninsula




  MENA News Headlines
 Sep 27 2016 - Daimler Trucks presents Fuso eCanter and Mercedes-Benz Urban eTruck at 2016 IAAMENAFN Press
(MENAFN Press) World premiere: the all-electric and networked Mercedes-Benz Urban eTruck • Electric truck with the performance of a diesel engine • Innovative design with flowing lines The ...

 Sep 27 2016 - GCC participants enrich the character of Juha in Narrator’s Café at 16th Sharjah International Narrators ForumMENAFN Press
(MENAFN Press) A wide range of participants from Oman, Qatar, Saudi Arabia, Kuwait and the UAE have enriched the contemporary personality of Juha, a folk storyteller persona, during the evening ...

 Sep 27 2016 - California Mesothelioma Victims Center Now Offers a PowerEnergy Worker with Mesothelioma in California Better Options When It Comes to Attorneys with The Goal Better CompensationMENAFN Press
(MENAFN Press) California Mesothelioma Victims Center Now Offers a Power/Energy Worker with Mesothelioma in California Better Options When It Comes to Attorneys with The Goal Better Compensation ...

 Sep 27 2016 - SE UMCC doubled the value of its assetsMENAFN Press
(MENAFN Press) SE UMCC doubled the value of its assets The value of assets of the two companies more than doubled since 2014, reaching UAH 1.7 billion KIEV, UKRAINE, September 20, 2016 ...

 Sep 27 2016 - AnyFlip Flipbook Software Ranked Higher in Digital PublishingMENAFN Press
(MENAFN Press) AnyFlip Flipbook Software Ranked Higher in Digital Publishing AnyFlip won the support of marketers, bloggers and businesses that create attractive flipbooks for online ...

 Sep 27 2016 - foodpanda Malaysia launches World Food Tour campaignMENAFN Press
(MENAFN Press) foodpanda Malaysia launches World Food Tour campaign Celebration to the many cuisines available on the food delivery platform This campaign not only gives our customers a chance ...

 Sep 27 2016 - Satellite Broadband Communication in Public Safety Market Report 2016 - 2021MENAFN Press
(MENAFN Press) Satellite Broadband Communication in Public Safety Market Report 2016 - 2021 PUNE, INDIA, September 27, 2016 /EINPresswire.com/ -- Sales, means the sales volume of Satellite ...

 Sep 27 2016 - Solder: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Solder: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Solder Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September 27, 2016 /EINPresswire.com/ ...

 Sep 27 2016 - BriskBard 1.2 Released With New Security FeaturesMENAFN Press
(MENAFN Press) BriskBard 1.2 Released With New Security Features BriskBard's web browser BriskBard's email client BriskBard's logo The latest version of BriskBard has been released with ...

 Sep 27 2016 - Watch Your Mind Maps in Style with Mind Vector For Apple WatchMENAFN Press
(MENAFN Press) Watch Your Mind Maps in Style with Mind Vector For Apple Watch Mind Vector, the No. 1 choice of 1 Million + users worldwide is now available on the Apple Watch. Use the app on ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help