Balkan Business Brief

Is Serbia really willing to take the step to Nationalize NIS?

In the previous period, we witnessed how the introduction of sanctions on Russia had a bad effect on the global economic scene and how much it deepened the economic crisis.?

NIS - The oil company of Serbia, which is majority owned by JAD Gazprom Neft, is looking for potential salvation with a takeover by the state. The Government of Serbia is considering taking over majority control of NIS if EU sanctions are extended to this company as well. The aim of the takeover by the Government of Serbia is to provide enough oil and gas for the population of this country. In addition to the nationalization of the company, potential options are also recapitalization or takeover of the ownership stake by another company. Experts say that there is still no reason to worry, but in the case of sanctions, the best option is for the energy sector to be majority-owned by the state to be able to react.

Possible cooperation between the Post of Serbia and Amazon

How often do they buy things online and what is your favorite online store?

Usually, online shopping allows us greater variety and favorable prices, but this is not the case in all countries. The representatives of the Post of Serbia had the opportunity to talk about potential cooperation with Amazon to make postage prices more affordable. A lower cost of postage would allow products ordered through the Amazon platform to be more affordable for customers. The new benefits would make all lovers of online shopping more than happy.

Do you think that the new benefits would have impact on domestic stores and their sales?

New luxury marina in Albania

Which part of the Adriatic coast is your favorite? Do you like to search for new locations that provide you with new experiences and pleasures? Here is some good news!

The new marina being built in Durres will give a new image to Albanian tourism and raise it to an international level. Currently, with a value of 2 billion euro, this is one of the largest investments in the region.?The project is a partnership between the government in cooperation with private investors. It is predicted that with the construction of the port, the standard of living of the citizens of Durres will improve, existing investments and hotels will increase in value, and around 12 thousand new jobs will be created.

Investing in marketing during a recession pays off

What is your strategy during an economic crisis? Do you keep investing or just trying to survive this period? The Winemaker Tikves is an ideal example of how investing in marketing and sales during the economic crisis pays off. Despite the increased labor costs and energy prices, the Tikves company managed to increase its income by 45% in just nine months of this year, it achieved income of 30 million euros. The great achievement of the Macedonian winery is the result of investing 2.6 million euros in marketing and sales, as well as testing new markets and strengthening the market position. When the extraordinary results are summarized, the company achieved a 5% higher profit compared to same period last year.

New changes in working conditions and time are on the horizon

To give better rights and conditions to workers, in October 2019, through legislative amendments, Montenegro designated Sunday as a non-working day for the largest number of shops. Three years on it looks like social partners would like to make new changes by signing a general collective agreement. The new general collective agreement could potentially define working on Sundays with an increase in daily wages of around 70-80%. Also, the goal of the new changes is to encourage the sustainability of the Montenegrin economy and preserve jobs. What is your position on this issue? Would the introduction of the working week significantly contribute to the strengthening of the economy??