Restructuring

Alpha Bank announced on Thursday that the European Commission had given the green light for the implementation of the lender’s restructuring plan, which Moody’s rating agency described as a “credit positive event.”

The European Commission has approved restructuring aid for Greece's third-largest lender Eurobank, the European Union executive said on Tuesday.

"The plan will enable the bank to become viable in the long term without unduly distorting competition,» the Commission said in a statement.

Better investment climate condition for more jobs

BELGRADE -- Attracting new investors and creation of a better investment climate is the right way to create "hundreds of thousands of new jobs in Serbia."

This is according to newly-appointed Minister of Economy Dušan Vujović.

"Companies in restructuring owe EUR 1.5bn"

BELGRADE -- Serbian companies that are undergoing the process of restructuring owe EUR 1.5 billion to state creditors alone, World Bank official Duško Vasiljević has said.

BELGRADE - Serbian companies that are undergoing the process of restructuring owe EUR 1.5 billion to state creditors alone, World Bank (WB) official Dusko Vasiljevic said on Tuesday.

BELGRADE - Dusko Vasiljevic, Private Sector Development Specialist in the World Bank country office in Serbia, said on Tuesday that the condition that would be attached to the World Bank's USD 250 million loan to Serbia is not to adopt laws on bankruptcy and privatization, but to solve the problem of restructuring companies.