Five Serbian cities make list of Europe's top 10

19/03/2014

The cities were chosen based on categories including human resources and life and business environment. Also in business news: Cyprus appoints Georghadji as new central bank governor.
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Zajecar, Serbia, was chosen as one of Europe's top 10 cities of the future. [AFP]

Five Serbian cities have been included in the list of Europe's top 10 cities and regions of the future compiled by the fDi Intelligence magazine. The awards, based on economic potential, human resources, cost effectiveness, quality of life, infrastructure and business environment, were given to Zajecar, Zrenjanin, Sremska Mitrovica, Ruma and Vranje.

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Albania signed a double taxation avoidance agreement with the United Arab Emirates at a meeting in Tirana. The top diplomats of the two countries also reached a series of financial, economic and education co-operation deals aimed at improving bilateral ties.

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Bosnia and Herzegovina's (BiH) two entities, the Federation of Bosnia and Herzegovina and Republika Srpska, will be able to share some of the profits built up by the national power grid, Elektroprenos BiH. Under the new law passed by the national parliament, the two entities will be able to share about 30 percent of the 167 million euros accumulated from transmission fees since Elektroprenos BiH was formed in 2006.

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Cyprus appointed Chrystalla Georghadji, the country's auditor general, as its new central bank governor after the resignation of Panicos Demetriades. Georghadji is the first woman to take the post. She will assume office April 11th.

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Serbia makes about 100,000 euros monthly from leasing properties that were seized after they were found to have been acquired using proceeds from criminal activities, according to the justice ministry. For the five years since legislation in the field was adopted, the state has seized temporarily or permanently more than 280 apartments, 53 houses, dozens of offices, hotels, and hundreds of vehicles and works of art.

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Cypriot investment company Secure Property Development & Investment bought the 17,000-square-metre Innovations Logistics Park in the Romanian capital of Bucharest. The park currently produces an annual income of 1.3 million euros.

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Credit card installment volume in Turkey has declined by 1.7 billion euros since the introduction of restrictions aimed to curb spending, the Banking Regulation and Supervisory Agency announced. The measures were introduced in early February with the purpose of curbing the use of credit cards to pay for goods in monthly instalments as part of efforts to restrict growing inflation and current account deficit.

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Bucharest hosted the 31st Romanian Tourism Fair, drawing 280 companies from 24 countries, including Greece, Turkey and Bulgaria.

(Various sources 12/03/14-19/03/14)

This content was commissioned for SETimes.com.
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