All News on Economics in Serbia
Key policy rate reduced to 7.5 percent
BELGRADE - The Executive Board of the National Bank of Serbia (NBS) has decided to reduce the key policy rate by 0.5 percent, and the key policy rate shall thus total 7.5 percent as of Thursday, the NBS press service released on Thursday.
Foreign currency reserves increase by EUR 300 million
BELGRADE - The foreign currency reserves of the National Bank of Serbia (NBS) totalled around EUR 10.3 billion at the end of February, which is by around EUR 300 million more than in late January, and this ensures M1 coverage of 311 percent and around seven months' worth of import of goods and services, NBS released on Wednesday.
Foreign currency reserves increase by EUR 300mn
Foreign currency reserves increase by EUR 300mn
BELGRADE -- The foreign currency reserves of the National Bank of Serbia (NBS) totalled around EUR 10.3 billion at the end of February.
This is some EUR 300 million more than in late January, and ensures M1 coverage of 311 percent and around seven months' worth of import of goods and services, the NBS said on Wednesday.
Bankruptcy procedure starts in 70 companies
BELGRADE - The Privatisation Agency will initiate on Tuesday the bankruptcy proceedings in 70 government companies that do not have any employees, head of the agency Ljubomir Subara has stated.
According to the action plan the Serbian government adopted on Saturday, 188 companies from the agency's list for privatisation will go bankrupt.
GDP dropped in fourth quarter of 2014 by 1.6 percent
BELGRADE - The real year-on-year drop in Serbia's GDP in the fourth quarter of 2014 was 1.6 percent, the national statistical office has stated.
Questions BIRN sent World Bank
Questions BIRN sent World Bank's Headquarters in Washington on January 12:
1. How did the World Bank establish that this tender was transparent? Whose expertise provided the basis for the statement of Vesna Kostic, the World Bank's spokesperson?