financial troubles

Belgrade installs new iconic clock at Republic Square amid contractor’s financial troubles

The City of Belgrade has purchased a new clock for the future roundabout at Republic Square. The total cost for the clock’s production, installation, and commissioning is 12 million dinars including VAT (10 million dinars without VAT). Two companies, Electra M&B d.o.o. and Primus BMJ d.o.o., were contracted for the job, with Primus BMJ handling about 80% of the work, including manufacturing, casting, installation, and commissioning of the clock. Electra M&B is responsible for the remaining 20%, mainly delivery, installation,…