Misa Brkic

Former Belgrade Mayor Sinisa Mali will take over as Serbian Finance Minister after he was voted into office by the MPs of the ruling parties.

However, some experts predicted that he will likely act as the long arm his party leader, the Serbian President.

Russian bank Sberbank has initiated proceedings before the Commercial Court in Belgrade, Serbia, to acquire two companies owned by the troubled Croatian retail giant Agrokor.

Sberbank launched the court proceedings on the basis of loans it gave to two companies, Jamnica and Konzum, which are owned by Agrokor - and which in turn own Mivela and IDEA in Serbia.