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	<title>Bulgarian Business Club Newspaper &#187; Serbia</title>
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		<title>Kosovo Foreign Minister Enver Hoxhaj: Redrawing Borders in the Balkans Is Closed Chapter</title>
		<link>http://bulgarianbusiness.org.uk/interview/kosovo-foreign-minister-enver-hoxhaj-redrawing-borders-in-the-balkans-is-closed-chapter/</link>
		<comments>http://bulgarianbusiness.org.uk/interview/kosovo-foreign-minister-enver-hoxhaj-redrawing-borders-in-the-balkans-is-closed-chapter/#comments</comments>
		<pubDate>Thu, 07 Jul 2011 09:10:08 +0000</pubDate>
		<dc:creator>strumen</dc:creator>
				<category><![CDATA[Interview]]></category>
		<category><![CDATA[advisory opinion]]></category>
		<category><![CDATA[Albania]]></category>
		<category><![CDATA[Belgrade]]></category>
		<category><![CDATA[Bosniaks]]></category>
		<category><![CDATA[Enver Hoxhaj]]></category>
		<category><![CDATA[ethnic Albanians]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Foreign Minister]]></category>
		<category><![CDATA[former Yugoslavia]]></category>
		<category><![CDATA[Gorani]]></category>
		<category><![CDATA[Gorans]]></category>
		<category><![CDATA[Greater Albania]]></category>
		<category><![CDATA[Hashim Thaci]]></category>
		<category><![CDATA[International Court of Justice]]></category>
		<category><![CDATA[kosovo]]></category>
		<category><![CDATA[Kosovo independence]]></category>
		<category><![CDATA[macedonia]]></category>
		<category><![CDATA[Nikolay Mladenov]]></category>
		<category><![CDATA[partition]]></category>
		<category><![CDATA[Prishtina]]></category>
		<category><![CDATA[Serbia]]></category>

		<guid isPermaLink="false">http://bulgarianbusiness.org.uk/?p=3680</guid>
		<description><![CDATA[Exclusive interview of Novinite.com (Sofia News Agency) with Dr. Enver Hoxhaj, Foreign Minister of the Republic of Kosovo. Enver Hoxhaj was appointed Minister of Foreign Affairs of the Republic of Kosovo On 22 February 2011. During the negotiation process (2005 – 2007), led by the UN Special Envoy, President Martti Ahtisaari, Enver Hoxhaj participated in [...]]]></description>
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<p><a class="highslide" onclick="return vz.expand(this)" rel="attachment wp-att-3681" href="http://bulgarianbusiness.org.uk/interview/kosovo-foreign-minister-enver-hoxhaj-redrawing-borders-in-the-balkans-is-closed-chapter/attachment/kos-2/"><img class="size-medium wp-image-3681 alignleft" title="kos" src="http://bulgarianbusiness.org.uk/wp-content/uploads/2011/07/kos-300x223.jpg" alt="" width="300" height="223" /></a></p>
<p><em>Exclusive interview of Novinite.com (Sofia News Agency) with Dr. <strong>Enver Hoxhaj</strong>, <strong>Foreign Minister</strong> of the Republic of <strong>Kosovo</strong>.</em></p>
<p><em><strong>Enver Hoxhaj</strong> was appointed Minister of Foreign Affairs of the Republic of <strong>Kosovo</strong> On 22 February 2011.</em></p>
<p><em>During the negotiation process (2005 – 2007), led by the UN Special Envoy, President Martti Ahtisaari, <strong>Enver Hoxhaj</strong> participated in all meetings as a member of the Kosovar delegation. The  Ahtisaari document resulted in a Comprehensive Settlement regarding <strong>Kosovo</strong>’s independence. </em></p>
<p><em>As Head of the Commission for Education, Culture and Youth in the <strong>Kosovo</strong> Assembly, Hoxhaj dealt with education, youth and the modernization of <strong>Kosovo</strong>. On 9 January 2008, <strong>Enver Hoxhaj</strong> was appointed Minister of Education, Science and Technology.</em></p>
<p><em><strong>Enver Hoxhaj</strong> graduated in 1993 from the Faculty of History at the University of <strong>Prishtina</strong>.  He continued his post-graduate studies at the University of Vienna,  Geisteswissenschaftliche Fakultät, studying courses in history and  politics.  After a long period of research between 1994 and 2000 at the  Universities of Vienna, Berlin, Munich, Rome, Bologna, Florence and  Paris, he successfully defended his doctoral dissertation.</em></p>
<p><em>During his stay in Austria, he was a scientific researcher at the  University of Vienna and leader of a research team on the Balkans at  the Ludwig Boltzmann Institut für Menschenrechte (1996-2000).</em></p>
<p><em>Between 2003 and 2004 he was a fellow at the London School of  Economics – Center for Study of the Global Governance. He has published  academic papers in English, German and Albanian about issues of  ethnicity, nationalism, identity and ethnic conflict.</em></p>
<p><em>In addition, he has given various lectures at many world  universities including the University of Oxford, University College of  London, Johns Hopkins University, and Columbia University.</em></p>
<p><em>In 2006, he was appointed Associate Professor in the Department  of Political Science in the Philosophy Faculty at the University of <strong>Prishtina</strong>.</em></p>
<p><em>He is fluent in written and spoken English, German and Serbo-Croatian. He lives in <strong>Prishtina</strong> with his wife Remzie, his son Liri and his daughter Lea.</em></p>
<p><strong> </strong></p>
<p><strong></strong><strong>Kosovo</strong>’s relations with Bulgaria seem rather cordial. How important is Bulgaria for the Republic of <strong>Kosovo</strong> in the Balkan countries? What does <strong>Kosovo</strong> hope to achieve through its ties with Bulgaria?</p>
<p>For us it is very important to have very close relations between <strong>Kosovo</strong> and Bulgaria. In the last 10 years Bulgaria has been supporting <strong>Kosovo</strong> in a very massive way to build our society and our country from  scratch. It is actually among the first countries which recognized our  independence.</p>
<p>Our independence is producing peace and stability throughout the  region, and I think Bulgaria is part of that success story. Now it is  very important to get concrete cooperation in the fields of economy,  trade, education, culture.</p>
<p>I had a very good meeting with Bulgarian <strong>Foreign Minister</strong> <strong>Nikolay Mladenov</strong>,  and we discussed how in the future we could sign some of these  agreements. These agreements can be used in a very good framework to  promote close relations not just between governments and states but  between the two societies and the two nations.</p>
<p><strong>There has been some talk about </strong><strong>Kosovo</strong> businesspeople  wishing to trade through Bulgarian Danube (and maybe even Black Sea)  ports. What is the level of economic and trade relations between <strong>Kosovo</strong> and Bulgaria – and, respectively, which aspects do you wish to emphasize to boost them? Which areas do you wish to emphasize? </p>
<p>I think the first thing we need to do is to sign some agreements supporting businesspeople in Bulgaria and in <strong>Kosovo</strong> so that this cooperation could take off.</p>
<p>Agreements to protect investments and regarding double taxation are  very important to do this. Then the rest will come from the  businesspeople.</p>
<p>We are very much interested to have Bulgarian investors in <strong>Kosovo</strong>.  We are in a time of transition which Bulgaria is already completing. We  are in a time of privatization of different public enterprises.</p>
<p>I think that Bulgaria is actually a very good success story. Bulgarian business people will be able to come and invest in <strong>Kosovo</strong>. At the same time, we have a very long history of trade relations between Bulgaria and <strong>Kosovo</strong>, and I think we should promote the opportunities to export Bulgarian goods to <strong>Kosovo</strong>, and <strong>Kosovo</strong> goods to the European markets via Bulgaria.</p>
<p><strong>Some voices in Bulgaria have called for “importing” laborers from </strong><strong>Kosovo</strong> because it has a young work force and excess labor. My wider question is &#8211; what exactly does <strong>Kosovo</strong> have to offer to foreign investors?</p>
<p>In terms of economic perspective I think we are one of the countries  which for the time being has some of the best resources in the energy  sector because of the huge reserves of coal that we have. I think energy  could be something we will be able to export not just to neighboring  countries but to the entire region.</p>
<p>At the same time, we think that our economy should be a service-based  economy. Production is the first important factor of economic  development, and the second one is having a skilled workforce.</p>
<p>In that regard, we will be very much interested in the future to have  common qualifications, education, and training programs with Bulgaria.</p>
<p>But at the same time there some young business people from <strong>Kosovo</strong> who are working in all parts of Europe. I would fully recommend that companies in Bulgaria hire young specialists from <strong>Kosovo</strong> because some of them are highly qualified in different fields such as IT.</p>
<p><strong>Going from economy to diplomacy and politics – how have </strong><strong>Kosovo</strong>’s talks with <strong>Serbia</strong> been progressing? What are the most pressing issues in these negotiations, and when do you expect that <strong>Kosovo</strong> and <strong>Serbia</strong> will have mutual recognition and “normal” diplomatic relations? </p>
<p>One of the main reasons for this technical dialogue between the Republic of <strong>Kosovo</strong> and the Republic of <strong>Serbia</strong>, which was initiated based on a UN resolution from September 2010, is to have normal relations between <strong>Kosovo</strong> and <strong>Serbia</strong>, to put the past behind, and to start building trust.</p>
<p>The <strong>Kosovo</strong>-<strong>Serbia</strong> dialogue for the time being is  focused very much on issues such as freedom of movement of people,  freedom of trade, issues of telecommunication and energy, and other  issues linked with our past. But the idea of the dialogue is to improve  regional cooperation, and at the same time to prepare both our countries  for their European perspective.</p>
<p>We think that <strong>Serbia</strong> should start coming to terms with an independent <strong>Kosovo</strong>, and I think it is the job of the politicians in <strong>Serbia</strong> to start modernizing its economy, society, and politics, and to start  overcoming the agenda of conflict. The sooner this happens, the better,  it will be for the benefit of the people living in <strong>Serbia</strong>.</p>
<p>We know that the <strong>Kosovo</strong> Serb minority has been integrated in  the best way, and we were able in the last three years to implement the  plan of Marti Ahtisaari, which was actually an international settlement  for the <strong>Kosovo</strong> status in the best way possible. In that sense, having normal relations between <strong>Prishtina</strong> and <strong>Belgrade</strong> is very crucial.</p>
<p><strong>There have been rising calls in </strong><strong>Belgrade</strong> and among the <strong>Kosovo</strong> Serbs for the <strong>partition</strong> of <strong>Kosovo</strong> along ethnic lines. Is such a scenario possible as far as the <strong>Kosovo</strong> government is concerned? Why has the <strong>Kosovo</strong> leadership declared itself so vehemently against it?</p>
<p>Let me explain that <strong>Kosovo</strong> is the seventh independent state in the territory of the <strong>former Yugoslavia</strong> – like Slovenia, which is part of the <strong>EU</strong> today, or Croatia, which is getting invitation these days, and other states.</p>
<p><strong>Kosovo</strong> is actually the last chapter in the disintegration of Yugoslavia. Montenegro got independence in 2006, and <strong>Kosovo</strong> in 2008.</p>
<p>That said, the issue of borders, states, and territories in the  region is actually a closed chapter. We would never accept ideas of  ethnic and territorial partitions because these ideas would create  instability, they would produce violence, and the whole region would  simply go back as it was 20 years ago.</p>
<p>We are not at all in favor of creating monoethnic states in the  region but we should have heterogeneous states and societies. In that  sense, no one is supporting the idea of the <strong>partition</strong>.</p>
<p>At the same time, the majority of the <strong>Kosovo</strong> Serbs actually live not in the northern part of <strong>Kosovo</strong>,  the majority live across the country. They are taking part in the  political life, in the central government, they are members of  parliament, they are running a lot of municipalities across the country,  and they are actually very well integrated.</p>
<p>I think the idea for <strong>partition</strong> is a very dangerous one, and it  could have a domino effect across the region, and it could start a new  phase of ethnic violence and fragmentation across the region.</p>
<p><strong>A recent poll among the </strong><strong>ethnic Albanians</strong> in <strong>Albania</strong>, <strong>Kosovo</strong>, and <strong>Macedonia</strong>, found that a majority of them in all three countries are in favor of the so called “Greater <strong>Albania</strong>”, i.e. a unification of all Albanian-populated region into one nation-state. How does the <strong>Kosovo</strong> leadership view the ideas about forming a “Greater <strong>Albania</strong>”?  Do you believe such a project is worthy of consideration, especially  because of the situation of the large ethnic Albanian communities in <strong>Macedonia</strong>, Southern <strong>Serbia</strong>, and other neighboring countries?</p>
<p>I think there are always different ethnic minority groups living  across Europe, and I think it is a really anti-European vision to  promote the concept of monoethnic or ethnic states.</p>
<p>I think this was something which 20 years ago created an environment  of hatred and started ethnic conflicts, prepared the spirit of the  ethnic wars, and I think the idea of creating new ethnic states in the  Balkans is very dangerous.</p>
<p>In that sense, people in <strong>Kosovo</strong> are actually very much  committed to having a civic state, as it is in our Constitution, and to  implement the Ahtisaari Plan. The whole state is actually organized  around the principle of citizenship not ethnicity. What the government  might think and propose in <strong>Belgrade</strong>, we are saying no to that because these are very bad solutions, and they will actually open the gates to hell.</p>
<p><strong></strong><strong>Kosovo</strong> Prime Minister <strong>Hashim Thaci</strong> has recently reacted to the Serbian ideas for <strong>partition</strong> of Kosov by warning that if these calls do not stop, <strong>Prishtina</strong>&#8216;s  demands might become much greater than just the recognition of its  independence. Could you please explain this comment? Does it refer to  the potential demands about the <strong>ethnic Albanians</strong> living in Southern <strong>Serbia</strong>?</p>
<p>We are an independent country. We got recognized by 76 states. We got membership in the IMF, and in the World Bank. Today <strong>Kosovo</strong>’s  independence is a fact in the region, and I don’t think that we would  accept or recommend ideas that are actually coming from the time of  Milosevic. For us, the ideas for exchanging territories and population  belong to the past, and this is a closed issue.</p>
<p><strong>Going back to the mulinational character of </strong><strong>Kosovo</strong> – there have voices in Sofia stating that the <strong>Gorani</strong> community, which some believe to be ethnic Bulgarian Muslim, should be recognized as a Bulgarian minority in <strong>Kosovo</strong>. If the Bulgarian state makes a formal request for that, how would the <strong>Kosovo</strong> authorities react to it?</p>
<p>For the time being, the <strong>Gorani</strong>-Bosniak community is part of  our legal life, as they have always been in the past. I don’t think it  is my job to talk about the identity of each group. They can define  their own identity.</p>
<p>But their position in the public life has been accommodated according  to the Ahtisaari Plan and our Constitution. The common understanding is  that they are Slavic Muslims, and I think for the benefit of the <strong>Gorani</strong> and Bosniak community to be as much as possible integrated, and they  are doing it. I actually know very well the situation the situation in  Dragas. For me it is known that they are just <strong>Gorani</strong>, nothing more or less.</p>
<p><strong>If 5 out the 27 </strong><strong>EU</strong> member states still don’t recognize <strong>Kosovo</strong>’s independence, and, yet, <strong>Kosovo</strong> apparently hopes to join the <strong>EU</strong> one day. How and when do you hope to convince Spain, Romania, Greece, Slovaia, and Cyprus to recognize <strong>Kosovo</strong>?</p>
<p>One of the reasons these countries in the <strong>EU</strong> – and there are just five of them – did not recognize <strong>Kosovo</strong> is that for them this is not an issue of foreign policy, it is an issue of internal politics.</p>
<p>I think that after the <strong>advisory opinion</strong> of the <strong>International Court of Justice</strong> last year, none of these five non-recognizers really has a reason or motivation not to recognize <strong>Kosovo</strong> because the UN Court was very firm in that <strong>Kosovo</strong>’s declaration of independence did not violate international law, and that the independence of <strong>Kosovo</strong> is sui generis, that is, it cannot be used and misused by others.</p>
<p>I think that after the decision of the Court they should simply move  towards recognition, and I think some of them have started to be  flexible. It is their interest and in the interest of the peace and  stability in the region if they would be able to do this as soon as  possible.</p>
<p>At the same time, I think that the European Union as an organization  understands very well the situation on the ground. They are very much in  favor of the <strong>EU</strong> integration process. I think we will be able to have the needed dynamic towards integration even though some <strong>EU</strong> members have not recognized us yet. It is a fact that the majority of them were able to do this.</p>
<p>www.novinite.com</p>
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		<title>Bulgaria&#8217;s Illegal Immigration Fears Fail to Materialize, Schengen Hopes Soar</title>
		<link>http://bulgarianbusiness.org.uk/bulgaria-eu/bulgarias-illegal-immigration-fears-fail-to-materialize-schengen-hopes-soar/</link>
		<comments>http://bulgarianbusiness.org.uk/bulgaria-eu/bulgarias-illegal-immigration-fears-fail-to-materialize-schengen-hopes-soar/#comments</comments>
		<pubDate>Fri, 15 Apr 2011 21:09:06 +0000</pubDate>
		<dc:creator>strumen</dc:creator>
				<category><![CDATA[Bulgaria-EU]]></category>
		<category><![CDATA[border crossing point]]></category>
		<category><![CDATA[Border Police]]></category>
		<category><![CDATA[Bulgarian-Turkish border]]></category>
		<category><![CDATA[greece]]></category>
		<category><![CDATA[illegal immigrants]]></category>
		<category><![CDATA[Interior Minister]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[macedonia]]></category>
		<category><![CDATA[Palestine]]></category>
		<category><![CDATA[Palestinian Authority]]></category>
		<category><![CDATA[Romania]]></category>
		<category><![CDATA[Schengen]]></category>
		<category><![CDATA[Schengen Agreement]]></category>
		<category><![CDATA[Schengen Area]]></category>
		<category><![CDATA[Serbia]]></category>
		<category><![CDATA[Tsvetan Tsvetanov]]></category>
		<category><![CDATA[turkey]]></category>

		<guid isPermaLink="false">http://bulgarianbusiness.org.uk/?p=3501</guid>
		<description><![CDATA[Bulgaria has not experienced a tide of illegal immigrants as a result of the ongoing civil unrest in North Africa and the Middle East, Interior Minister Tsvetan Tsvetanov announced. Tsvetanov presented Friday the results from the work of the Border Police Directorate of the Interior for 2010. Final data shows that a total of 1 [...]]]></description>
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<p><a class="highslide" onclick="return vz.expand(this)" rel="attachment wp-att-3502" href="http://bulgarianbusiness.org.uk/bulgaria-eu/bulgarias-illegal-immigration-fears-fail-to-materialize-schengen-hopes-soar/attachment/lil/"><img class="size-medium wp-image-3502 alignleft" title="lil" src="http://bulgarianbusiness.org.uk/wp-content/uploads/2011/04/lil-300x191.jpg" alt="" width="300" height="191" /></a></p>
<p>Bulgaria has not experienced a tide of <strong>illegal immigrants</strong> as a result of the ongoing civil unrest in North Africa and the Middle East, <strong>Interior Minister</strong> <strong>Tsvetan Tsvetanov</strong> announced.</p>
<p>Tsvetanov presented Friday the results from the work of the <strong>Border Police</strong> Directorate of the Interior for 2010.</p>
<p>Final data shows that a total of 1 186 <strong>illegal immigrants</strong> (non-EU citizens) were detained by the Bulgarian <strong>border police</strong>; 755 of those were caught crossing the borderline, while 431 were detained at border crossing points.</p>
<p>The <strong>Bulgarian-Turkish border</strong> remains the main channel of <strong>illegal immigrants</strong> crossing into the country. Most of the <strong>illegal immigrants</strong> are citizens of <strong>Iraq</strong>, <strong>Turkey</strong>, the <strong>Palestinian Authority</strong>, and <strong>Iran</strong>.</p>
<p>Bulgaria&#8217;s other non-EU borders &#8211; with <strong>Serbia</strong> and <strong>Macedonia</strong> – were violated by a negligible number of foreign migrants. The <strong>illegal immigrants</strong> caught at the Bulgarian-Greek border crossing points are primarily people who crossed illegally from <strong>Turkey</strong> into <strong>Greece</strong>.</p>
<p><strong>Greece</strong> itself, the closest <strong>Schengen</strong> Area state to the Middle East, has seen an staggering influx of illegal aliens through its land and river border with <strong>Turkey</strong> over the past year, which has led the EU border control agency Frontex to send a permanent mission to police the border.</p>
<p>Bulgaria&#8217;s <strong>border police</strong> also caught a total of 1 289 people wanted for crimes in 2010.</p>
<p>A total of 3 399 non-EU citizens were denied entry into Bulgaria at  border crossings in 2010 because they did not meet the requirements for  entering the EU based on Article 5 of the <strong>Schengen</strong> border code; 1 641 of those were citizens of <strong>Turkey</strong>, 349 – of <strong>Macedonia</strong>, and 258 – of <strong>Serbia</strong>.  The major reasons for refusing entry into Bulgaria are the lack of a  visa, sufficient funds and motivated purpose of visit, overdue stay, or a  restriction.</p>
<p>Bulgaria&#8217;s <strong>Interior Minister</strong> <strong>Tsvetan Tsvetanov</strong> pointed out that the EU interior ministers debated the issue of illegal immigration during their last European Council meeting.</p>
<p>&#8220;There is already a dialogue between the government of Tunisia and  the government of Italy, and the dialogue between the European  Commission and Tunisia to restrict the influx of immigrants is also due  to start. We can already start talking about finalizing an agreement  with <strong>Turkey</strong> for the repatriation of <strong>illegal immigrants</strong>,&#8221; Tsvetanov explained.</p>
<p>He lauded the Bulgarian <strong>Border Police</strong> Directorate for  achieving its goals for 2010, and went further by declaring that  Bulgaria has already covered the technical criteria for accession to the  <strong>Schengen</strong> Area. He commended the <strong>border police</strong> for absorbing all funds slated for it under the so called <strong>Schengen</strong> Facility.</p>
<p>&#8220;There are certain states who still have second thoughts about Bulgaria&#8217;s accession to the <strong>Schengen</strong> Agreement but their doubts do not correspond to the country&#8217;s technical readiness,&#8221; Tsvetanov said.</p>
<p>He announced that France&#8217;s Minister of Interior will be visiting  Bulgaria on Monday, while the Dutch EU Affairs Minister will follow suit  in Sofia with a visit in early May.</p>
<p>Tsvetanov believes that the European Parliament will vote massively in favor in June 2011 to approve the report on Bulgaria and <strong>Romania</strong>&#8216;s accession to <strong>Schengen</strong>.</p>
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		<title>Belgian Retailer Seeks Deal with Balkan-Wide Supermarkets</title>
		<link>http://bulgarianbusiness.org.uk/business/belgian-retailer-seeks-deal-with-balkan-wide-supermarkets/</link>
		<comments>http://bulgarianbusiness.org.uk/business/belgian-retailer-seeks-deal-with-balkan-wide-supermarkets/#comments</comments>
		<pubDate>Fri, 25 Feb 2011 09:08:38 +0000</pubDate>
		<dc:creator>strumen</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Belgian]]></category>
		<category><![CDATA[Delta]]></category>
		<category><![CDATA[Delta Holding]]></category>
		<category><![CDATA[Piccadilly]]></category>
		<category><![CDATA[retailer]]></category>
		<category><![CDATA[Serbia]]></category>
		<category><![CDATA[supermarket]]></category>

		<guid isPermaLink="false">http://bulgarianbusiness.org.uk/?p=3377</guid>
		<description><![CDATA[Belgian retailer Delhaize is expected to acquire 50% of Serbian conglomerate Delta Holding, which owns the chain Piccadilly, operating in Bulgaria. Financial Times reported Thursday that the final agreement will be announced by early March, but Delhaize is expected to take a 50% stake of the Serbian supermarket network, which have annual earnings of more than [...]]]></description>
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<p><a class="highslide" href="http://bulgarianbusiness.org.uk/wp-content/uploads/2011/02/picc.jpg"><img class="size-medium wp-image-3378 alignleft" src="http://bulgarianbusiness.org.uk/wp-content/uploads/2011/02/picc-300x225.jpg" alt="" width="300" height="225" /></a></p>
<p><strong>Belgian</strong> <strong>retailer</strong> Delhaize is expected to acquire 50% of Serbian conglomerate <strong><strong>Delta</strong> Holding</strong>, which owns the chain <strong>Piccadilly</strong>, operating in Bulgaria.</p>
<p>Financial Times reported Thursday that the final agreement will be  announced by early March, but Delhaize is expected to take a 50% stake  of the Serbian <strong>supermarket</strong> network, which have annual earnings of more than EUR 1 B on a turnover of EUR 2.7 B.</p>
<p>The deal would make Delhaize the first big western European <strong>retailer</strong> to break into a regional market.</p>
<p><strong><strong>Delta</strong> Holding</strong> owns Maxi and Tempo chains, which are market leaders in <strong>Serbia</strong> and are spreading quickly into countries like Bulgaria, Montenegro, Albania and Bosnia and Herzegovina.</p>
<p>The <strong>Belgian</strong> <strong>retailer</strong> is already active in Greece and Romania, having more than 200 and 50 stores respectively, and is planning to expand regionally.</p>
<p><strong>Delta</strong>&#8216;s owner, Miroslav Miskovic, has stated he wants to  withdraw from retailing and focus on investing in his agro-businesses,  like apple production and wholesaling.</p>
<p>&#8220;We will invest the money from the sale into development of  agriculture, which is like &#8220;Serbian oil&#8221;. Revenues from the export of  agricultural products could significantly improve <strong>Serbia</strong>&#8216;s export balance and external trade deficit,&#8221; he said, as cited by Financial Times.</p>
<p>According to the publication, ownership would be split evenly for the  moment, but Miscovic would give full management rights to Delhaize and  sell the rest of his shares during the next three years.</p>
<p>At the Delhi&#8217;s 20th anniversary this month, the owner said that the  deal was a result of the decision to find a strategic partner for Maxi.</p>
<p>&#8220;What will happen very soon is the result of our decision to find a strategic partner for <strong>Delta</strong> Maxi. We are about to finalize our deal with a well-known European company, in a month&#8217;s time,&#8221; Miscovic said.</p>
<p>www.novinite.com</p>
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