Latest news with #Expo2027
The Star
6 days ago
- Business
- The Star
Serbia cuts 2025 GDP forecast to 2.75 pct on weaker agriculture, uncertainty
BELGRADE, Aug. 13 (Xinhua) -- Serbia's central bank has lowered its 2025 GDP growth forecast to 2.75 percent from previous projection of 3.5 percent in May, citing a poor agricultural season and reduced investor confidence. National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said second-quarter growth was weaker than expected, with early data showing lower wheat and fruit output and smaller sown areas for autumn crops. "Unfavourable weather conditions, first frost in spring and then extreme heat and drought in June, significantly reduced yields of many fruit crops, whose prices recorded a sharp increase," Tabakovic said at the presentation of the August Inflation Report on Wednesday. The NBS expects activity to accelerate in the second half of the year, supported by further growth in the automotive industry, higher exports, and infrastructure projects under the "Leap into the Future - Serbia Expo 2027" program. Announced by President Aleksandar Vucic in January 2024, the program involves an investment of 17.8 billion euros (about 20.8 billion U.S. dollars) over the next three and a half to four years for projects across the country, including preparations for Expo 2027. The NBS also projected growth of 4-5 percent in 2026 and 2027, with the upper range likely in 2027 due to the Expo's boost to services and net exports. Inflation rose to 4.9 percent in July from 4.6 percent in June, driven by higher unprocessed food and oil prices. The bank expects it to stay near the upper bound of its target range through year-end before easing in 2026. Economic growth in the second quarter stood at 2.0 percent year-on-year, supported by services and manufacturing but offset by declines in construction and energy. In the first half of the year, exports rose 10.8 percent year-on-year, led by automotive-related manufacturing, while imports grew 11.4 percent on higher purchases of raw materials and consumer goods. The current account deficit reached 4.7 percent of GDP, with foreign direct investment inflows of 1.5 billion euros, down 40 percent from the same period last year but expected to strengthen in the second half.
Egypt Independent
31-05-2025
- Business
- Egypt Independent
Egypt, Serbia discuss digital connection plan to facilitate labor mobility
Minister of Labor Mohamed Gibran and Serbian Interior Minister Ivica Dačić discussed Friday 30/5/2025 how to activate cooperation mechanisms to facilitate labor mobility and open up new markets for Egyptian workers in the Serbian market. During a meeting between the two ministers today, the two sides hailed the strategic partnership between Egypt and Serbia, which is directly supported by the political leaders of both countries, according to a press release by the Labor Ministry. The ministers discussed the implementation of a digital connection plan to facilitate labor mobility, ensure workforce sustainability, protect workers' rights. Gibran stressed Egypt's readiness to meet the needs of the Serbian labor market with a skilled workforce, congratulating Serbia on winning the bid to host Expo 2027. The two ministers also discussed a range of issues related to promoting joint cooperation, especially on labor mobility. President Abdel Fattah El Sisi and his Serbian counterpart Aleksandar Vucic witnessed the signing of some cooperation agreements after talks between the two leaders on boosting cooperation in various fields in July 2024. The deals covered the fields of trade, investment, ICT, antiquities and museums, customs, and employment.
Iraqi News
05-03-2025
- Business
- Iraqi News
Iraq invited to participate in Expo 2027 in Serbia
Baghdad ( – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, received on Tuesday an official invitation from the Serbian President, Aleksandar Vucic, to visit Belgrade. The invitation was handed over to Al-Sudani during his meeting with the ambassador extraordinary and plenipotentiary of Serbia in Iraq, Branislav Zezelj, according to a statement released by the Prime Minister's Office (PMO). Zezelj also invited Iraq to participate in Expo 2027, which will be organized in Serbia. During their meeting in Baghdad, the two sides discussed measures to improve bilateral relations while accomplishing their shared goals. Al-Sudani emphasized Iraq's openness to cooperation with Serbia. He invited Serbian businesses to engage in Iraq in a number of areas, particularly infrastructure projects. The Iraqi prime minister also called for the creation of an Iraqi-Serbian Business Council that would bring together the private sectors of Serbia and Iraq, as well as cooperation between investment organizations in both countries. World Expos are international assemblies of countries committed to solving contemporary problems by providing a thrilling and captivating experience within a common subject. World Expos also allow countries to construct remarkable pavilions and welcome tens of millions of people. The first World Expo was held in London in 1851. The idea gained popularity and was replicated all around the world, showcasing an unmatched talent for attraction. The latest World Expo was held in Dubai in the United Arab Emirates in 2022. The next version, with the subject 'Designing Future Society for Our Lives,' will be held in Japan between April and October 2025.
Iraq Business
05-03-2025
- Business
- Iraq Business
PM calls for creation of Iraqi-Serbian Business Council
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Branislav Žeželj, the Serbian Ambassador to Iraq, on Tuesday, to discuss bilateral relations and economic cooperation. During the meeting, the Prime Minister received an official invitation from the Serbian President to visit Belgrade, as well as an invitation for Iraq to participate in Expo 2027, which will be hosted by Serbia. Prime Minister Al-Sudani reaffirmed Iraq's openness to expanding cooperation with Serbia, particularly in infrastructure investment. He invited Serbian companies to explore investment opportunities in Iraq and proposed enhancing coordination between the investment authorities of both countries. He also called for the establishment of an Iraqi-Serbian Business Council to foster private-sector collaboration. (Source: PMO)
Iraqi News
04-03-2025
- Business
- Iraqi News
Al-Sudani Meets the Serbian Ambassador to Iraq
Prime Minister Mohammed S. Al-Sudani received an official invitation from the Serbian President to visit Belgrade. Media Office of the Prime Minister said in a statement obtained by the Iraqi News Agency INA that "Prime Minister Mohammed S. Al-Sudani met today, Tuesday, the Ambassador Extraordinary and Plenipotentiary of the Republic of Serbia to Iraq, Branislav Žeželj." The statement read that "During the meeting, the Prime Minister received an official invitation from the Serbian President to visit Belgrade, as well as an invitation for Iraq to participate in Expo 2027, which will be hosted by Serbia. Discussions also covered bilateral relations and the importance of strengthening cooperation across various fields to serve the shared interests of both friendly nations." It also said that "Prime Minister Al-Sudani affirmed Iraq's openness to expanding cooperation with Serbia and invited Serbian companies to invest in Iraq, particularly in infrastructure projects through investment opportunities announced by the relevant Iraqi authorities. He also called for enhanced coordination between the investment authorities of both countries and the establishment of an Iraqi-Serbian Business Council that would bring together the private sectors of both nations."
