Belgrade

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Country: Serbia Population: 1 234 000

FIAT top exporter despite production halt

BELGRADE - Car maker FIAT tops the list of Serbian exporters with EUR 947.2 million worth of exports in the first eight months of 2014, the Serbian Finance Ministry said in a release.

FIAT has been the biggest exporter over the first eight months of the year, despite the slowing down of exports in August due to the annual vacation shutdown and machine overhaul, the release states.

Council: Immediate 15 percent cuts or new reductions soon

BELGRADE - Unless public sector salaries and pensions are immediately reduced by 15 percent linearly, a new reduction will have to be implemented in the next year already, the Fiscal Council warned and added that any lower cut would compel the government to make up for the funds through VAT increase.

Storms cause damage to Djerdap 1, operation not in danger

BELGRADE - Severe thunderstorms with heavy rain and strong winds caused great damage to the Djerdap 1 hydroelectric power plant near the town of Kladovo in eastern Serbia during the night and early in the morning on Monday, but did not jeopardize the plant's operation, whose five units are generating a maximum power output, the Electric Power Industry of Serbia (EPS) said in a release.

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