Port of Bar

EBRD invests in Turkish port operator

The European Bank for Reconstruction and Development (EBRD) and Turkish ports operator Global Yat?r?m signed a deal on May 6 for the EBRD to buy a 20 percent stake from Global Port's planned initial public offering, worth around 700 million Turkish Liras ($259.34 million), the company said in a written statement to the Public Disclosure Platform (KAP) on May 7. 

Firefighters recover main black box from Norman Atlantic

Italian firefighters at the port of Brindisi have recovered the main black box data recorder from the Norman Atlantic ferry but there are fears that it may have been seriously damaged by the fire that broke out on board.

Another black box had been discovered on Friday. Italy?s Rai TV reported that authorities believe the fire may have been caused by a short circuit.

Montenegrin Customs Seize Major Cocaine Haul

Montenegrin authorities on Thursday said custom officials in the Adriatic port of Bar on Wednesday seized 250 kilograms of cocaine shipped from Ecuador, Latin America.

The ship was carrying containers from Ecuador to Montenegro’s neighbour, Albania. The cocaine haul was described as the biggest drugs bust in the history of Montenegro.

Ilic:Motorway through western Serbia to be completed by 2017

BELGRADE - The works on the construction of the motorway through Western Serbia are being conducted at the planned tempo and the works on certain sections should be completed in 2016, while the entire motorway should be finished by the end of 2017, Serbian Minister of Construction and Urbanism Velimir Ilic told Tanjug on Friday.