Albania picks local tie-up for Vlora airport power line
UniCredit expands onemarkets Fund to CEE, eyes Romania
Romania's Jan-Oct tourism numbers rise 11.3% y/y
Bosnia's Mostar airport seeks airline for regular flights to Zagreb
Bulgaria's Yambolen board backs Enicorp buyout bid
Nov 15, 2017 18:30 EEST
November 15 (SeeNews) - Serbia's government said on Wednesday it plans to sign an agreement with Turkey on providing mutual incentives for and protection of investments in the two countries.
The agreement, to be signed in December, was approved by Serbia's trade ministry and Turkey's economy ministry, the government said in a statement.
The new agreement defines the rights and obligations of foreign investors, and also guarantees international legal protection, sending a positive signal for arrival of new investors from Turkey to Serbia, the government added.
Serbia's central bank, NBS, said last week it plans to put the Turkish lira on its list of currencies traded on the foreign exchange market as of December 1 to make it easier for Turkish and Serbian companies to cooperate and stimulate the implementation of joint economic projects.
Serbia's exports to Turkey rose by 16.8% on the year in the first nine months of 2017, reaching $229.3 million (193.7 million euro). Serbian imports from Turkey increased 17.8% to $562 million, according to data of Serbia's statistical office.
($ = 0.844656 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options