Friday, January 14, 2011

Linked2Balkan news, the 14th of January 2011 edition

In November 2010 the number of passengers carried in road transport for hire or reward decreased by 6.1%, compared to November 2009. Fewer passengers in road transport for hire or reward and air transport over November 2009.
The 2011 edition of the leading luxury industry business event dedicated to emerging markets, BUSINESS OF LUXURY FORUM will take place in Bucharest, Romania on March 28th. The annual luxury business event which is organized by CPP Luxury Industry Management Consultants Ltd
Doubling the share of renewable energy in Europe by 2020 is high on the EU agenda, when green power should account for 20% of the region’s total energy consumption. Under this plan, the demand for wood will increase. Wood and wood waste has always played a crucial role in Europe, covering about 50% of renewable power sources.
Euro area annual inflation was 2.2% in December 2010 up from 1.9% in November. A year earlier the rate was 0.9%. Monthly inflation was 0.6% in December 2010. EU annual inflation was 2.6% in December 2010, up from 2.3% in November.
The first estimate for the euro area (EA16) trade balance with the rest of the world in November 2010 gave a 0.4 bn euro deficit, compared with +3.1 bn in November 2009. The October 2010 balance was +4.7 bn, compared with +4.8 bn in October 2009.
Hrvatska Elektroprivreda d.d. (HEP) intends to use the proceeds of loan from the European Bank for Reconstruction and Development (the Bank) to fund the construction of Ombla hydro power plant.
The EBRD is supporting the refurbishment of a historical site in the Old Town of Belgrade, with an investment to finance the redevelopment of one of the city’s most famous landmarks, the Old Mill, a listed building located in front of the Gazela bridge.

UCB Serbia – SME and medium Corporate Credit Line

The EBRD is considering providing a senior loan of up to €60 million to UniCredit Bank Serbia JSC (UCB Serbia) for on-lending to SMEs and medium-sized corporates in Serbia. The proceeds of the loan will be used by UCB Serbia to provide medium and long-term financing.

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