All News on Economics in Serbia
Telekom will "definitely" be privatized - minister
BELGRADE -- Economy Minister Dušan Vujović has announced that Law on Bankruptcy, Privatization and Subsidies would be adopted in July.
He also said that the state-owned telecommunications company Telekom Srbija (Serbia) would "definitely" be privatized.
BELGRADE - Under the new consumer protection law, consumers who have a complaint about faulty goods will be entitled to a refund, replacement or repair for six months after the purchase, and the refund will be provided within 30 days, Minister of Trade, Tourism and Telecommunications Rasim Ljajic said Monday.
BELGRADE - Recent floods will have a negative impact on the economic activities in the country, and Serbia is expected to move into recession early in July, while inflation will not remain within the target band due to expected increase in prices of foods and services, Sasa Djogovic, associate of the Belgrade Institute for Market Research (IZIT), stated on Thursday.
BELGRADE - More than EUR 2 million and RSD 1 billion have been paid so far into the special accounts set up by the Serbian Ministry of Finance to collect donations for the flood affected areas.
According to the data available at 5 p.m. Monday, the foreign currency a ccount totaled EUR 1,702,522; USD 261,122; CHF 14,960; RUB 1 million, and smaller amounts in other foreign currencies.
Employer who employs 10 people will get tax benefits
The law on citizens’ income tax, the debate on changes of which began in the Parliament yesterday, shall be in force as of June 2016. Employers who until then employ up to nine people shall be exempt from payment of 65 percent of the tax.
BELGRADE - The average net salary in Serbia paid in April 2014 amounted to RSD 45,847, an increase of 5.7 percent in nominal terms and 5.1 percent in real terms against March, the Statistical Office of the Republic of Serbia said in a release on Monday.