Chairman of Cyprus's Point Group Sees 7% Growth in Serbian Copper Business

Cyprus-based Point Group, whose business focuses on the Balkans, will see 7 percent growth in its Serbian copper business this year, following a 15 percent expansion since the start of the global recession, its chairman said.
The group, which is active in agriculture, copper, baking, river transport and real estate in Romania, Bulgaria, Serbia, Austria, Hungary, Germany and China, owns Valjaonica Bakra Sevojno, whose shares last traded on the Belgrade Stock Exchange in November 2009 at 1,452 dinars per share.
“We were lucky that even during the worst of the crisis we have increased our exports because we have a varied portfolio of products,” Chairman Zoran Drakulic said in an interview yesterday at a management conference in Bled, Slovenia. “Our European partners have lowered their inventories and we were able to respond to increased demand very quickly.”

News source: Bloomberg link: article