Second Railway Track Divaca-Port of Koper

The Divaca–Koper track is important for the international railway freight transport, as the existing track represents a bottleneck on two core European railway corridors.

Maric & Co Advises Shandong International

MARIC & Co Law Firm is pleased to announce its engagement in advising Shandong International and its Bosnian subsidiary SDHS-CSI BH d.o.o. Banja Luka in the Banja Luka - Prijedor - Novi Grad highway construction project.

Kanal Istanbul

“Kanal Istanbul” is one of Turkish mega infrastructural projects.

Possible IPO of the National Telecom Company

The Serbian Minister of Finance stated that one public company may be listed on the Belgrade Stock Exchange in 2020. It is speculated that Telekom Srbija is the state-owned telecom company that may have its shares traded on the Belgrade Stock Exchange. There is no recent estimation of Telekom Srbija’s value.

Financing of Belgrade Metro Project

Belgrade metro will consist of two lines that should be developed in two stages in the period 2020 – 2025. The total value of the project is approximately EUR 4.4 billion. In September 2019 the Work group, formed by the Serbian government, decided that the Republic of Serbia will be the investor in developing the Belgrade metro. However, it is still not entirely clear how the project will be financed – directly from the State budget with loans from development banks or through some form of private-public initiative. The Work group also decided that the Government should name a special financial…

Construction of Several Facilities in Belgrade for Wastewater Treatment

This project includes the construction of a sewage system in Kaludjerica borough in Belgrade and construction of wastewater treatment facilities in Ostružnica and Obrenovac boroughs in Belgrade. Belgrade city Government is currently preparing project documentation for the Kaludjerica project and it is expected that the tendering procedure for the construction of the facility will be initiated at the beginning of 2021. The dates for the tendering procedure for the construction of Ostružnica and Obrenovac facilities have not been disclosed yet.

Belgrade Waste Management PPP Deal Wins IFLR Europe 2020 Award in Project Finance

BDK Advokati is proud to announce that the project financing for the Belgrade waste management PPP project has received the IFLR Europe DoY 2020 award.

Tender for the Award of Concession for Two Montenegrin Airports

On 25 November 2019, the following companies expressed their interest. The total deal value is up to EUR 300 million. Four companies, out of seven initially applied, have been shortlisted for the second round of the tendering procedure: Incheon International Airport Corporation from South Korea; GMR from India; Groupe ADP with TAV; Corporacion America Airports from Luxemburg. It is expected that either GMR or Groupe ADP with TAV will be eliminated from the process because ADP recently acquired a 49% share in GMR. The entire tendering procedure has been delayed several times until…

New Concession Procedure for Plovdiv Airport

At the end of February 2020, the Council of Ministers of Bulgaria approved the opening of a new concession procedure for Plovdiv Airport.

Construction of Bypassing of Urban Areas for Road Transport in the City of Burgas

The Roads Infrastructure Agency under the Bulgarian Ministry of Regional Development and Public Works has launched a tender procedure for the selection of a contractor for the construction of bypassing road of urban areas in the city of Burgas, with 4.7 km length.

Possible Sale of the National Electric Utility Power Company

The national electric company Elektroprivreda Srbije is to transform from a public company to a joint stock company in the second half of 2020. The transformation of the national company is considered as a step towards the sale of the entire company or one of its sections. Elektroprivreda Srbije has been struggling with operational efficiency and as such it represents a burden for the state budget. There is no precise estimation of its value, but according to speculations, Elektroprivreda Srbije with its entire property that includes, machinery, mines, transmission system and business space is…

HCC RunDown 2019

The Hellenic Competition Commission’s (HCC’s) investigatory activity during 2019 was marked by the biggest Dawn Raid carried out to date by HCC’s officials in the banking sector. HCC officials carried out successive unannounced ex officio investigations at the premises of a number of banks and banking associations triggered by complaints filed by market players supporting that the four systemic banks under investigation are alleged to have been involved in anti-competitive horizontal agreements in the provision of banking and payment services.