All News on Economics in Serbia

Increase of employment for women to lead to GDP growth

BELGRADE - Increase of employment for women could bring about an increase of the GDP per capita in Serbia of up to 16 per cent, the analyses carried out by the World Bank (WB) have shown.

"Inflation within target limits, GDP growth 1 percent"

"Inflation within target limits, GDP growth 1 percent"

BELGRADE -- The inflation has been within the limits of the target rate since October 2013, Governor of the National Bank of Serbia (NBS) Jorgovanka Tabaković has said.

Tabakovic: Inflation within target limits, GDP at around 1%

BELGRADE - Inflation rate has been within the limits of the target rate since October 2013, and we are on the right path to preserve the inflation rate at 4 per cent in the mid-term period, Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic stated in a release.

GDP growth in 2014, 2015 to be slower

BELGRADE - The GDP growth in 2014 and 2015 will be slower than the National Bank of Serbia (NBS) expected in February this year, since the economic growth will be negatively affected by the announced fiscal consolidation and structural reforms, Branko Hinic, director general of the NBS Directorate for Economic Research and Statistics, stated on Wednesday.

April inflation at 0.6 pct, year-on-year inflation 2.1 pct

BELGRADE - Measured by the consumer price index, monthly inflation in Serbia rose by 0.6 percent in April relative to the previous month, increasing by 2.1 percent compared to April 2013.

According to figures from the Serbian Statistical Office, consumer prices rose by 1.8 percent in April compared to December 2013.

EBRD interested in Telekom and Belgrade airport

EBRD interested in Telekom and Belgrade airport

BELGRADE -- The European Bank for Reconstruction and Development (EBRD) wants to invest in Telekom Srbija and Belgrade's Nikola Tesla Airport.

This concerns the possible privatizations of the two public companies.

March inflation lowest in last seven years

BELGRADE - Decrease in prices of food, vegetables in the first line, has resulted in Serbia's lowest inflation rate in the last seven years in March 2014 compared to the previous month.

EC predicts GDP growth of 1.1 percent in Serbia

EC predicts GDP growth of 1.1 percent in Serbia

BRUSSELS -- Serbia's GDP will increase by 1.1 percent this year and will rise by 1.9 percent in 2015, the European Commission (EC) said in its latest forecast.

Tabakovic: Serbia wants precautionary arrangement with IMF

BELGRADE - The level of Serbia's foreign exchange reserves is sufficiently high and the country will not be looking for an arrangement that would imply taking loans, but for a precautionary one, the National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Monday.

"Serbia wants precautionary arrangement with IMF"

"Serbia wants precautionary arrangement with IMF"

BELGRADE -- The level of Serbia's foreign exchange reserves is sufficiently high so it will not be looking for an arrangement with the IMF "that would imply taking loans."

Instead, Serbia wants a precautionary arrangement, the National Bank of Serbia (NBS) Governor Jorgovanka Tabaković said on Monday.

"EUR 200 million for 100 most important projects"

"EUR 200 million for 100 most important projects"

BELGRADE -- Serbia will have access to EUR 200 million from EU's IPA funds for the 100 strategically most important projects over the next seven years.

EUR 200 million for 100 most important projects

BELGRADE - Serbia will have access to EUR 200 million from the EU Pre-Accession Assistance (IPA) funds for the 100 strategically most important projects over the next seven years.

The project list was prepared by a working body in cooperation with the European Integration Office and relevant ministries, monthly Nova ekonomija reports.

Unemployment rate at 20.8 percent

BELGRADE - The jobless rate in Serbia stood at 20.8 percent in the first quarter, shows a survey by the national statistical office.

The male unemployment rate was at 20.1 percent and female one at 21.6 percent.

Pensions "may have to be reduced" by end of year

Pensions "may have to be reduced" by end of year

BELGRADE -- Finance Minister Lazar Krstić has announced that "pensions also may have to be cut" by the end of this year.

Speaking for the public broadcaster RTS, he said his ministry's priority would be "fiscal consolidation and introduction of financial discipline."

Average Serbian monthly salary in March EUR 375

Average Serbian monthly salary in March EUR 375

BELGRADE -- Average net salary paid in Serbia in March amounted to RSD 43,452 (EUR 375) - down by 1.4 percent in nominal and 1.1 percent in real terms compared to February.

This was announced on Friday by the Statistical Office of Serbia.

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