Company M6 EDEN SRB leaving BIP – New strategic partner being sought

Friday, 05. Jul 2019.

The company M6 EDEN SRB has terminated the agreement on cooperation with Beogradska Industrija Piva (BIP) in bankruptcy, and the process of settling obligations towards the employees and the creditors began on July 1, the company says in today’s statement.

They say that they believed in the possibility of the development of one of the largest breweries in the region and that they enthusiastically started reviving it two years ago, but that now they believe that there’s no possibility of success, Tanjug reports.

– We tried to do something positive for Belgrade, for Serbia, to revive a company which has been a symbol of Belgrade for 180 years. Unfortunately, regardless of large investments, dedication and enthusiasm, we have failed, as there’s no possibility of success with this concept – the company announced.

They also announced that it didn’t mean that they would withdraw, “because Belgrade needs quality beer”.

– We will take a different direction and a different concept. It is possible that we will start investing in new projects in Serbia in the future – the press release says.

Let us remind that B92 reported today that BIP would most likely close very soon.

As BIP workers told B92, although the owner, the Macedonian businessman Svetozar Janevski, who bought the facilities in 2017, has promised to revive the company, it hasn’t happened, but no workers will be laid off at the moment, according to B92’s latest findings.

– At the moment, 125 employees are on a vacation until July 16, when we expect the production to continue. BIP will be in bankruptcy. We have heard that there will be no layoffs and that a new strategic partner is being sought, with three companies being potentially interested. One of them comes from the meatpacking industry. The other two are based in Kragujevac and Apatin – one of the workers told B92.

Source: eKapija

16. Avg 2019.
Chinese investor Eurofiber to open third factory for sock manufacturing in Cuprija

16. Avg 2019.
Ambitious project for new route over Danube in Belgrade – Bridge worth EUR 228 million by end of 20

15. Avg 2019.
Marina Dorcol land for sale – Construction of business-residential complex on land with surface are

14. Avg 2019.
Planinka buys Kursumlijska Spa – Grand opening by end of 2020, necessary investments exceed EUR 10

13. Avg 2019.
Serbia ranks first in greenfield investments on Financial Times list

11. Avg 2019.
VUCIC: EUR 12 billion for investment plan, investments to be made in utility, transport, energy dig

09. Avg 2019.
Kragujevac inviting bids for construction of public garage – Works worth EUR 3 million

08. Avg 2019.
PO Port Dubai to invest EUR 29 million in Port of Novi Sad – Opening of passenger terminal a pr

06. Avg 2019.
Komercijalna Banka selling building in Cukarica for EUR 6.5 million

06. Avg 2019.
Mercator-S selling Roda center in New Belgrade

31. Jul 2019.
Ministry of Economy to sell Equity Fund"s shares in Napredak

24. Jul 2019.
Five investors, one of whom from China, to build facilities in Zrenjanin

15. Jul 2019.
Building land up for sale in Belgrade

11. Jul 2019.
Fifteen new laws to be adopted this autumn

05. Jul 2019.
Property of Elektronska Industrija Nis up for sale

03. Jul 2019.
Chinese company to invest USD 300 million in modernization of Smederevo steel mill by 2021

27. Jun 2019.
EU negotiations Chapter 9, pertaining to financial services, opens

14. Jun 2019.
Value of potential joint projects of Serbia and China over EUR 8 billion

12. Jun 2019.
German company ZF opens car component plant in Pancevo – Construction of scientific research center

31. Maj 2019.
Public call for statements of interest in purchasing Komercijalna Banka opens

20. Maj 2019.
IMF confirms economic growth of Serbia of 3.5%

19. Maj 2019.
German company Paschal to come to Cacak?

10. Maj 2019.
State sells its share in Jubmes Banka to Alta Pay Group at the stock exchange

08. Maj 2019.
Stamparija Borba to take over Kompanija Novosti from Milan Beko

07. Maj 2019.
Three loan agreements on projects worth USD 142 million signed with World Bank

17. Apr 2019.
Sinisa Mali opens trading at London Stock Exchange

01. Apr 2019.
Advertising of banks under close scrutiny of NBS starting April 1, 2019 - No more “fine print”

26. Mar 2019.
Komercijalna Banka realizes record high profit of EUR 71 million – Deposits higher by 11% compared t

21. Mar 2019.
NIS and MET Group to build wind park in Plandiste