All News on Economics in Serbia

Independent cultural scene criticises new labour legislation

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.

Vujovic: Serbia wants agreement with IMF on three-year loan

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.

"Serbia wants agreement with IMF on 3-year loan"

BELGRADE -- Serbia wants to negotiate with the International Monetary Fund (IMF) regarding an agreement on a three-year loan, Economy Minister Dušan Vujović has said.

Gov't proposes new changes to law on PIO

BELGRADE - The government put forward new amendments to the law on pension and disability insurance (PIO) because of the need for the further overhaul of the pension system which began in 2002.

Krstic: Changes to pension law necessary

BELGRADE - Serbian Finance Minister Lazar Krstic said on Thursday that it is necessary to introduce changes to the Law on Pension Insurance so as to ensure the sustainability of the pension system and public finances as a whole.

Drop in value of domestic currency "not dramatic"

BELGRADE -- The drop of the Serbian dinar (RSD) to its record low against the euro this year "is not dramatic," economists told Tanjug on Monday.

They added that "exporters can derive benefits from the lower dinar value."

Economists: Dinar drop is not dramatic

BELGRADE - The drop of the Serbian dinar to its record low against the euro this year is not dramatic and exporters can derive benefits from the lower dinar value, economists told Tanjug on Monday.

Unions: Labor Law "open servility to foreign interests"

BELGRADE -- The Confederation of Autonomous Unions of Serbia (SSSS) says changing the Labor Law without a public debate represents "open servility to foreign interests."

Lawyers to go on strike

BELGRADE - All lawyers in Serbia will on Wednesday go on strike until the end of the week in protest against a lump sum tax increase.

Nearly 40pct of 2014 budget will go to debt repayment

BELGRADE - Former National Bank of Serbia (NBS) governor Dejan Soskic pointed to alarming trends in Serbia and warned that the country faces serious problems.

Speaking at the 14th Economic Summit in Belgrade on Monday, Soskic stated that 39.1 percent of the budget went this year towards debt repayment.

"Serbia not facing system collapse"

BELGRADE -- First Deputy Prime Minister and Foreign Minister Ivica Dačić said on Monday the country was not in danger of "a system collapse."

According to him, this is true "regardless of the size of its debt" - but noted that "it definitely needed help from abroad to achieve a significant level of economic growth."