Serbia, Turkey's Halkbank seal deal for Cacanska Banka

Serbia, Turkey's Halkbank seal deal for Cacanska Banka

Serbia has agreed a deal with Turkey's state-run Halkbank for the sale of a 76.76 percent stake in local lender Cacanska Banka and they will ink the deal on Friday, Serbia's finance ministry said.

Serbia's daily Blic reported on Friday that Halkbank had offered over 10 million euros ($10.73 million) for the stake in Cacanska Banka, which has a 1.1 percent market share and balance sheet assets of 263 million euros. ($1 = 0.9319 euros)

Turkey interested in Serbia's energy, tourism, textiles

Serbian Deputy Prime Minister and Minister of Trade Rasim Ljajic and Turkish Minister of Customs and Trade Nurettin Canikli agreed on Thursday that there is a lot of room to expand the scope of the two countries' exchange of goods, adding that the total exchange sum could soon reach EUR 1 billion.

The two officials also discussed the potentials for improvement of Serbia-Turkey economic ties and Deputy Prime Minister Ljajic received assurances from his Turkish colleague that he would call on biggest Turkish companies to invest in Serbia, especially in the sectors of energy, construction, tourism and textile industry.

Ljajic underscored that two investment conferences would be held in Istanbul and Bursa next month during which Serbia will have a chance to present its economic potentials to successful Turkish companies which are very interested in investments in Serbia, states the release issued by the Serbian deputy prime minister's cabinet.