Trilateral Trade Commission Serbia – Turkey – Bosnia and Herzegovina

Serbia’s Deputy Prime Minister & Minister of Foreign and Domestic Trade and Telecommunications Rasim Ljajic met in Ankara Turkish Economy Minister Zafer Caglayan and Mirko Sarovic, Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina, at the Ministry of Economy.

“Serbia has invested USD 35 million in Turkey since 2002. The trade volume among the three countries is not that ambitious, and with this declaration we hope to increase the trade volume. Turkey will encourage the two countries to invest in Turkey by removing the obstacles,” said Caglayan.

Serbia’s Deputy Prime Minister Ljajic said the declaration would be pragmatic and practical, adding that “it is very important to cooperate with such a strong county, Turkey.”

“The declaration will also play an important role on the political stability in the Balkans as well as providing both countries with substantial opportunities. Our aim is to increase the trade volume with Turkey by bringing businesspeople together to work in cooperation,” said Ljajic.

Sarovic said Turkey’s investments were increasing in Bosnia-Herzegovina, adding that the trade volume was more than 300 million euro with Turkey.

Next meeting will be held in September in Sarajevo, the capital of Bosnia-Herzegovina, and the course of action will be announced during the meeting.

source: Anadolu agency

Kuwait Invests In Serbian Railways

Kuwait Fund for Arab Economic Development has approved a 25 million euro loan for construction of Prokop railway station in Belgrade.

Director General of the Fund, Abdulwahab Al-Bader, has informed Serbian Deputy Prime Minister, Rasim Ljajic, the deal is scheduled to be signed on November 28.

Serbia and Ukraine are the only European countries that have received a loan approval from the Fund this year.

Prokop railway station construction started in 1977. It was to become the central Belgrade railway station thus enabling dismantling of tracks in the area around the current main railway station in the city centre. According to the original plans, this attractive space along the river Sava was to become a residential and commercial area, able to attract foreign investments and generate a multi-million dollar turnover.