All News on Economics in Serbia
Employers want salaries cut by 25 percent
BELGRADE -- The Union of Employers of Serbia believes that "the fund of gross salaries in the public sector must be reduced by 25 percent."
Secretary General of the Union Dušan Korunoski has been quoted as saying that "it is better to do it now and avoid bankruptcy, than to afterwards cut salaries by 40 percent."
WB: Budget support loan only after deal with IMF
BELGRADE -- World Bank (WB) Country Manager for Serbia Tony Verheijen has said that it is currently WB's priority to secure a USD 300mn loan for Serbia's flood recovery.
He noted that a budget support loan cannot be granted without the Serbian government's agreement with the International Monetary Fund (IMF).
BELGRADE - The directors of public companies need to be dismissed and the management should be entrusted to professionals who will make the companies profitable, said the World Bank chief economist for Serbia Lazar Sestovic.
Serbia's public companies continue to generate losses and request aid from the budget, Sestovic told the Radio and Television of Serbia.
BELGRADE - The number of the unemployed in Serbia totaled 778,577 people on May 31 this year, putting the registered jobless rate at 29.53 percent, according to the National Employment Service's data.
BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic has said she is not worried about the fall of the national currency to a historic low of RSD 116.74 for one euro on Thursday, explaining that the reasons for that were a bad state of Serbia’s public finances and the Ukraine crisis.
Donor conference provided "favorable loans"
BELGRADE -- Marko Blagojević has said that out of EUR 995 million which donors pledged for Serbia during a conference earlier this week, "115 million are pure donations."
The rest, the head of the Serbian government's office for flood reconstruction explained, are favorable loans.
BELGRADE - Organisations that are part of the independent cultural scene feel that the amendments to the laws on labour, pension and disability insurance, state asset sale and bankruptcy continue the practice of shifting the burden of the economic crisis to the shoulders of the largest, and often the most vulnerable, layers of the society.
BELGRADE - Serbia wants to negotiate with the International Monetary Fund (IMF) regarding an agreement on a three-year loan that would help reduce the public debt and deficit and make the budget cuts easier, which would make austerity less painful, Serbia's Minister of Economy Dusan Vujovic said in an interview for Bloomberg.