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ST PETERSBURG - German companies are very interested in cooperation with Serbia and Russia, in particular in production and setting up production plants in Serbia, as well as in the export advantages Serbia has thanks to the free trade agreement with the Russian Federation, Chamber of Commerce and Industry of Serbia President Marko Cadez said.

BERLIN - Germany on Friday consented to opening two more chapters in Serbia's EU accession talks - Chapter 29 (customs union) and Chapter 7 (intellectual property), the RTS reported, quoting unofficial sources.

The two chapters are expected to be opened at an intergovernmental conference slated for June 20 in Luxembourg.

ST PETERSBURG - An initiative to boost the volume of trade between Serbia and Russia, launched last year as an arrangement whereby 10 pct of Serbia's imports of Russian fuels would be compensated by Serbian exports to Russia, could be implemented within the next six months, PSP-Farman Holding President Branislav Grujic, who co-chairs the Serbia-Russia Business Council, said on Friday.

The World Bank has raised Turkey's economic growth projections for the next three years as uncertainties ease, tourism recovers and corporate balance sheets mend under the less severe impacts of the July 2016 coup attempt than previously estimated, according to its Global Economic Prospects report published on June 5.        

Saudi Arabia, Bahrain, the United Arab Emirates have broken diplomatic relations with Qatar, rattling a powerful 36-year-old Gulf states union, over what they say is the country’s support of terrorism. Egypt has also cut off relations with the tiny Gulf state.

RTS reported on Friday that it learned unofficially Germany has given its consent to open two more chapters in Serbia's EU accession negotiations.

These are chapter 29 (customs union) and 7 (intellectual property).

It is expected that the two chapters will be opened during an intergovernmental conference, planned for June 20 in Luxembourg.

ST PETERSBURG - The number of Serbian companies in Russia is constantly rising - now there are 815 of them, compared to under 700 last year, with a total of 1341 products being exported to the Russian market, Chamber of Commerce and Industry of Serbia (PKS) President Marko Cadez said in St Petersburg Thursday.

ST PETERSBURG - Serbian Agriculture Minister Branislav Nedimovic said Thursday there was ample room for further improvement of the volume of agricultural and food trade with Russia despite the fact it was now 12 times higher compared to 2005.

ST PETERSBURG - Serbia is an interesting country to invest in, Branislav Grujic, co-chairman of the Serbia-Russia Business Council, said on Thursday, urging Russian businesspeople to seize the opportunities offered by Serbia.

ST PETERSBURG - Serbia is fighting for investors, and that is what we want to do here, Serbian Minister of Economy Goran Knezevic said in St Petersburg on Thursday, recapping the first day of the St Petersburg International Economic Forum (SPIEF).