Indonesia

BELGRADE - Serbian President Tomislav Nikolic on Wednesday received the credentials of newly-appointed Indonesian Ambassador to Serbia Harry Richard James Kandou.

BELGRADE - Serbian First Deputy Prime Minister and Foreign Minister Ivica Dacic met on Monday with heads of the diplomatic missions of the Asia-Pacific region in Belgrade to discuss intensifying of the political dialogue and promoting the economic cooperation.

Defense minister in Abu Dhabi for arms show

ABU DHABI -- Serbian Defense Minister Bratislav Gasic attended on Sunday the opening of the 12th International Defense Exhibition and Conference IDEX 2015 in Abu Dhabi.

After visiting the stand of the Serbian company Yugoimport-SDPR the minister told Tanjug that the country's defense industry was "successfully presented."

ABU DHABI - Serbian Defense Minister Bratislav Gasic attended on Sunday the opening of 12th International Defense Exhibition and Conference, IDEX 2015, dedicated to military technologies and innovations in Abu Dhabi.

At the exhibition, we have successfully presented our defense industry, Gasic told Tanjug after visiting the stand of the Serbian company Yugoimport-SDPR.

Turkey has become one of the 10 countries with the lowest debt-to-GDP ratio among 47 countries surveyed, according to the latest report by consultancy firm McKinsey.

By Sophie Sassard

Soon after politicians from left-wing SYRIZA party won power in Greece they said they had hired Lazard to advise them on restructuring their debt.

It is a homecoming of sorts for the US investment bank. Lazard cemented its position as the eminence grise of debt negotiations when it secured the biggest restructuring deal in history for Athens in 2012.

The mayor of the western Turkish province of ?zmir, Aziz Kocao?lu, has been named among the ?top 10 mayors in the world? for 2014, in a ranking organized by an international think tank working on urban affairs, the City Mayors Foundation.

Kocao?lu came 10th in the Top 10 Mayors of the World 2014, organized by the City Mayors Foundation?s World Mayor Project since 2004.

Turkish Industry Minister Fikri I??k has called on his counterparts from the D-8 group of developing countries to participate in creating a joint venture car brand.

The US rating agency Standard & Poor's (S&P) has downgraded Russia's credit rating to junk, which is below investment grade.

Russia's credit rating has been lowered to such a level for the first time in a decade, Bloomberg reports.

Having a rating of BB+, Russia is on a par with Bulgaria and Indonesia, which makes it difficult for Moscow to borrow money from investors.

Istanbul is now the world?s second worst city in the in terms of stop-start traffic, according to a new study by lubricating oil firm Castrol.

Drivers in Istanbul made an average of 32,520 stop-starts in 2014, an increase of 1,320 times less in 2013, according to the study conducted by Castrol Magnatec in 78 cities from 36 countries.