Serbia and Bosnia

IMF Revises Balkan Growth Prospects Downwards

The International Monetary Fund, IMF, paints a gloomy picture of the economic prospects of Balkan countries in 2014.

In its flagship half-yearly World Economic Outlook, the IMF said countries in Southeast Europe in particular are likely to experience slower growth in 2014 partly because of the severe floods that struck Serbia and Bosnia in May.

Embassy: France will pay additional EUR 1 million to Serbia

BELGRADE - The French Embassy in Belgrade voiced satisfaction over the great success of the Donors' Conference organized to help repair the damage caused by the May floods in Serbia and Bosnia-Herzegovina, which raised a total of EUR 1.846 billion for the two countries, adding that France will pay an additional EUR 1 million in emergency financial aid to Serbia.