Serbia will need to find alternative supply routes for supplies of Russian gas by 2019, Director of Serbia's state-owned gas enterprise Srbijagas Dusan Bajatovic said.
The main shareholder of Alior, PZU, has agreed to a new rights issue which should allow Alior Bank to gain EUR452m needed to finance the takeover of BPH Bank.
Poland’s economy has made “remarkable progress” over the last 20 years and living standards are now converging with those in other high-income countries, the OECD said.
Slovak banks survived the European debt crisis with no need for any state aid and with sufficient capital levels.
Iran's water management service and equipment company Sunir plans to undertake projects in renewable energy in Slovakia.
Serbia's only steel mill, Železara Smederevo, will be acquired by Chinese company He Steel, the only bidder in a tender to sell the factory. The Chinese company reportedly offered EUR46m
GE Money Bank - a unit of GE Capital in the Czech Republic - plans to float a majority of its shares on the Prague Stock Exchange.
So far British company Mineco has invested around USD55m in mining projects in Serbia and Bosnia and Herzegovina.
German car maker Daimler AG will open a Mercedes Benz Manufacturing (MBM) engine factory near the town of Jawor, according to the daily Rzeczpospolita.
Six state-controlled companies - including the energy ones: PGE and Energa - have agreed to invest in a newly established state-owned coal mining group, PGG (Polish Mining Group).