ADVERTISEMENT

Serb to ratify Russia energy deal after May poll

Tourism

Serbia’s energy pact with Russia which puts the Balkan country’s oil and gas sector into the hands of Moscow will be ratified after a general election on May 11, a senior official said on Thursday.

The deal, signed in January, included Serbia in Gazprom’s South Stream gas pipeline in return for Serbia selling a majority stake of oil monopoly NIS to Gazprom Neft. The delay in the ratification has no practical effect. “The new parliament will ratify the agreement,” said Deputy Prime Minister Bozidar Djelic of the pro-Western Democratic Party after a session of the outgoing government.

The 10-month old coalition of nationalists and pro-Western liberals collapsed last month, divided over whether to pursue European Union membership despite the bloc’s support for the breakaway Kosovo province, which seceded in February. Russia was Serbia’s main ally in trying to keep Kosovo, and backs Belgrade in blocking the territory’s entry into the United Nations. The energy pact was seen by some analysts and politicians as a Serbian concession in return for Russia’s help. (Reuters)

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.