Geologists said the biggest reserves lie near Zagubica. Also in business news: Turkey's Ministry of Technology will provide financial assistance of up to 25,000 euros to tech entrepreneurs.
Foreign companies exploring Serbian gold deposits said they have made a rare discovery about the nation's untapped gold reserves. [AFP]
Serbia has much bigger gold ore reserves than previously thought, according to a new geological survey of the Timok magmatic complex. Geologists believe that the biggest reserves lie in Potaj Cuka-Tisnica, near Zagubica.
Cyprus, Greece and Israel signed a deal to work together in the energy field by implementing joint projects. The agreement aims to guarantee safe energy supplies, sustainable development and co-operation between countries in the region.
Greece has completed its first major privatisation deal by selling a stake in gambling company OPAP to Greek-Czech investment consortium Emma Delta. The 652 million-euro agreement was announced in May.
Turkey's Ministry of Technology will provide financial assistance of up to 25,000 euros to tech entrepreneurs. The funds will be available for the advertisement and marketing of tech products or prototypes made as a result of research and development activities and innovation projects.
Bulgaria President Rosen Plevneliev vetoed a budget revision proposed by the government, citing lack of transparency on the need for the proposed spending hike and doubts about the possible economic effect of an extra 500 million-euro loan. Under local laws, the plan will be returned to parliament for discussions after lawmakers return from their summer holiday in early September.
Albania has its first billionaire, according to ultra-high net worth intelligence provider Wealth X. Samir Mane is the CEO of Balfin Group, a company that operates in the field of real estate, property management, investment, electronics and fashion retail. The businessman's fortune is estimated at $1.2 billion (902 million euros).
Greece's recession has eased slightly in the second quarter, according to the latest official statistics. Between March and June, the economy shrank at an annual pace of 4.6 percent compared to a contraction of 5.6 percent in the first quarter. Meanwhile, the country reported a primary surplus of 2.6 billion euros for the January-July period.
(Various sources -- 06/08/13-13/08/13)