All News on Economics in Serbia
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.
Straesser: Holding LGBT gathering is very important
BELGRADE - Serbian Prime Minister Aleksandar Vucic met Sunday with Christoph Straesser, German federal government commissioner for human rights policy and humanitarian aid, who stressed that holding a gathering of LGBT people in Belgrade would be of great importance.
NBS keeps key policy rate at at 8.5 percent
BELGRADE - The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to retain its key policy rate at 8.5 percent, stating that the passage and implementation of fiscal consolidation measures and structural reforms would alleviate the risks that "warrant a cautious monetary policy" at the moment.
IMF calls for 10 pct cut in pensions, salaries
BELGRADE - The International Monetary Fund (IMF) has recommended to the government of Serbia to cut the funds for public sector salaries and pensions, Belgrade-based daily Blic reports in the Thursday issue.
Pension system reform discussed in debate
BELGRADE - The government has insufficient funds for pensions, but pension cuts alone will not be sufficient to ensure the sustainability of the pension system unless they are accompanied by financial consolidation in all sectors, the participants in a debate on pension system reform said on Wednesday.
Bulgaria is Fifth Poorest Country in Europe – Serbian Statistics
Bulgaria is the fifth poorest country in Europe, according to a study of the Serbian Statistical Institute.
A total of 1.8 million people in Serbia live in poverty. The country ranks first among European countries with 24.6 percent of its population below the poverty line.
Package of measures should protect socially endangered
BELGRADE - Serbian Prime Minister Aleksandar Vucic said during a meeting with International Monetary Fund (IMF) Resident Representative in Serbia Deheng Kim Monday that Serbia had to continue structural reforms and expressed the expectation of Serbia and the IMF signing an agreement.
Electricity price hike "won't increase inflation"
Electricity price hike "won't increase inflation"
BELGRADE -- Central bank (NBS) Governor Jorgovanka Tabakovic says the announced electricity price hike "will not result in an increase in inflation outside the target."
The target is four plus/minus 1.5 percent, she explained.
Three reasons why prices should not increase
BELGRADE - Serbian Deputy Prime Minister and Minister of Foreign and Internal Trade and Telecommunications Rasim Ljajic stated on Wednesday that there are three reasons why prices should not increase, and these include low purchasing power, good agricultural year and crisis in EU-Russia relations.
Central bank: Inflation lowest in 50 years
Central bank: Inflation lowest in 50 years
BELGRADE -- The inter-annual inflation in Serbia dropped in June to the lowest level in 50 years, totaling as few as 1.3 percent, the National Bank of Serbia (NBS) said.
In the first half of the year, inflation oscillated above the target rate of 4 plus or minus 1.5 percent, states the latest NBS report.
Inflation hits its lowest in past 50 years
BELGRADE - The inter-annual inflation in Serbia dropped in June to the lowest level in the past 50 years, totalling as few as 1.3 percent, the National Bank of Serbia (NBS) released on Wednesday.
In the first half of the year, inflation oscillated above the target rate of 4 plus or minus 1.5 percent, states the latest NBS report.
NBS: Inflation hits its lowest in past 50 years
BELGRADE - The inter-annual inflation in Serbia dropped in June to the lowest level in the past 50 years, totalling as few as 1.3 percent, the National Bank of Serbia (NBS) released on Wednesday.
In the first half of the year, inflation oscillated above the target rate of 4 plus or minus 1.5 percent, states the latest NBS report.
July brings 0.1 percent deflation in Serbia‚
BELGRADE - Retail prices of goods and services used for personal consumption in Serbia dropped 0.1 percent in July against the month before, the Statistical Office of the Republic of Serbia (RSZ) said in a release on Tuesday.
Year-on-year inflation (July 2014-July 2013) was 2.1 percent, and compared to December 2013, the prices of goods and services increased 1.8 percent.
"Exchange rate affected by consolidation of public finances"
"Exchange rate affected by consolidation of public finances"
BELGRADE -- The Serbian dinar (RSD) exchange rate is influenced by the pace of consolidation of public finances, NBS Governor Jorgovanka Tabaković said on Monday.
Dinar influenced by pace of consolidation of public finances
BELGRADE - The Serbian dinar exchange rate is influenced by the pace of consolidation of public finances and has been weakening recently because of increased demand for foreign exchange in the banking market and a negative spillover effects of Ukraine crisis, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said Monday.