All News on Economics in Serbia

NBS: Foreign currency reserves to cover 7 months of import

BELGRADE - The foreign currency reserves of the National Bank of Serbia (NBS) totalled EUR 10,878 million at the end of September, which ensures money mass coverage of 310 percent and coverage of over seven month's worth of imports of goods and services, NBS released.

Bylaws to remedy shortcomings in media regulations

NOVI SAD - Sasa Mirkovic, state secretary at the Serbian ministry of culture and information, said on Friday that bylaws will remedy the shortcomings in the media industry to which the European Commission drew attention in its latest progress report.

Recession this year, economic growth in early 2016

ARANDJELOVAC - The Serbian economy is likely to hit recession this year, but economic growth could be expected as early as in the first quarter of 2016 if next year is well used for spending cuts, Serbian Minister of Economy Zeljko Sertic said in Arandjelovac on Friday.

Serbia enters recession

BELGRADE - Serbia has entered a recession, according to estimates, and the only question is whether it is for a short term or if it is a negative trend, economist Stojan Stamenkovic said at the start of the presentation of the latest Makroekonomske analize i trendovi (MAT) bulletin on Tuesday.

IMF downgrades Serbia's GDP growth forecast

WASHINGTON - Serbia would have a 0.5 percent drop in economic activity this year, and a growth of one percent next year, according to the International Monetary Fund's (IMF) autumn forecasts.

20.3 percent of Serbian population unemployed

BELGRADE - The unemployment rate in Serbia currently stands at 20.3 percent, which is down 0.5 percent from early 2014, and down 3.8 percent compared to the same period last year, the National Employment Service (NSZ) data indicate.

Real GDP growth in Serbia at 2.6 percent in 2013

BELGRADE - Serbia adopted a new methodology of national accounts ESA 2010, based on which the gross domestic product (GDP) in 2013 increased by 2.6 percent in real terms and by 8.2 percent in nominal terms compared to the year before, the Serbian statistical office released on Friday.

Call for expressions of interest in privatizing Tanjug

BELGRADE - Serbia's Privatization Agency issued Friday a public invitation to all interested investors to submit letters of interest in privatizing the national news agency Tanjug and 10 other media outlets in Serbia.

VAT to increase if savings measures prove unsuccessful

BELGRADE - VAT may increase by three to four percent in Serbia in case savings measures do not produce the expected effects, economic experts said on Thursday.

The Serbian government announced only the 2015 savings programme with plans for budget deficit reduction by EUR 700 million, professor of the Belgrade Faculty of Economics Milojko Arsic said.

August average salary RSD 45.610

BELGRADE - The average net salary in Serbia in August 2014 amounted to RSD 45.610, and compared to the average net salary paid in July 2014, it went up by 0.9 percent in nominal terms and 1.1 percent in real terms, the Statistical Office of the Republic of Serbia said in a release.

NBS to focus attention on reducing inflation fluctuations

BELGRADE - The National Bank of Serbia (NBS) will endeavor to promote results in the area of price and financial stability, with a special focus on reducing volatility of the inflation rate and its stabilization at the target level, NBS Governor Jorgovanka Tabakovic stated on Thursday.