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Davenport: EC report by end of Oct, concrete recommendations

Majkl-Davenport1

Head of the EU Delegation to Serbia Michael Davenport announced on Wednesday that an annual Serbia progress report of the European Commission (EC) could be expected by the end of October and that it will be concrete and positive, but with constructive criticism on issues where there is room for improvement in the country’s EU talks process.

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Hemofarm: Contract on acquiring assets of Ivančić and Sinovi Company signed

The regional pharmaceutical leader, Hemofarm AD has acquired the assets of the Ivančić and Sinovi Company. The reason for this business move was, among other things, a desire to further help the Serbian healthcare system through improving the market supply with products that are available and of good quality. Hemofarm acquired Ivančić and Sinovi’s product range, production facility in Stari Banovci, staff and intellectual property. Hemofarm’s CEO Ronald Seeliger signed the acquistion contract on behalf of the company.

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Henkel recorded a strong performance in the second quarter

“Henkel has recorded a strong performance in the second quarter. The company achieved significant organic sales growth supported by strong growth in emerging markets, as well as the development in developed markets.Adjusted earnings per preferred share grew by 8.5 percent to 1.40 euros, while adjusted return on sales rose to 17.6, marking a new record for Henkel. Successful development was recorded thanks to all three sectors, ” said Henkel CEO, Hans Van Beijlen.

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Dr Milan Parivodić: More Predictability and Legal Security

The new Serbian Investment Law, passed in November 2015, introduces significant novelties for investors. One novelty is that the Investment Law extends its scope to all investors, both domestic and foreign, responding to global trends and domestic demands, says Dr Milan Parivodić, LL.M. (London), Attorney at Law, Parivodić Advokati/Lawyers, former Minister of Serbian International Economic Relations

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