All News on Economics in Serbia
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.
Central bank keeps key policy rate at 9.5 percent
Central bank keeps key policy rate at 9.5 percent
BELGRADE -- The National Bank of Serbia (NBS) Executive Board has decided to keep the key policy rate unchanged at 9.5 percent.
Accused Serbian Tycoon Asks to Travel Abroad
"Why don't you allow me to work normally and Delta to operate normally?" Miskovic asked during his Belgrade trial for fraud concerning the privatization of road companies.
Miskovic said he was deeply disappointed with the court's decision to ban him from travelling and that Delta could not operate normally with him "sitting in Serbia.
NBS: Key policy rate stays at 9.5 percent
BELGRADE - The National Bank of Serbia (NBS) Executive Board decided at its meeting on Thursday to keep the key policy rate unchanged at 9.5 percent.
The Executive Board states that y-o-y inflation rate moves around the lower bound of the target tolerance band and that inflationary pressures have significantly abated, while inflation expectations are stable.
Serbian Companies in Restructuring Heavily in Debt
Speaking after a conference on reforming public enterprises in Serbia, World Bank offical Dusko Vasiljevic said Serbia's 153 companies undergoing restructuring owe the state 1.5 billion euro.
Business community wants 10 key reforms
BELGRADE - The reform of the public sector and tax system together with an organized battle against the gray economy are at the top of the list of 10 key reforms the business community demands from the next government, according to a survey conducted by the Serbian Association of Employers (UPS) among 1,284 small, medium and large companies in 44 cities and municipalities in Serbia.
NBS: FX reserves total EUR 10.42 billion at end-March
BELGRADE - Serbia's foreign exchange (FX) reserves amounted to EUR 10,428.3 million at end-March, covering M1 money supply by 335 percent or more than seven months of imports of goods and services, the Naktional Bank of Serbia (NBS) said in a release on Friday.
IMF predicts modest growth, high unemployment
IMF predicts modest growth, high unemployment
WASHINGTON -- Serbia's economic growth in this year and the next will be modest, while unemployment will continue to be high and inflation stable.
PIO assets should be used to generate income
BELGRADE – Serbia’s Pension and Disability Insurance Fund (PIO) has huge assets that should be put to use for generating income as soon as possible, and a legal framework needs to ensure that pension contributions are actually paid for there to be enough money for pensions, said participants at a meeting of Serbia’s pensioner trade union assembly on Tuesday.
"Possible layoffs in public sector this year"
"Possible layoffs in public sector this year"
BELGRADE -- Government's Fiscal Council member Vladimir Vučković says layoffs could begin in the government sector this year in order to save EUR 400 million in the budget.
Privatization in sport "inevitable" - minister
Privatization in sport "inevitable" - minister
SOFIA -- Vanja Udovičić said on Tuesday that privatization in sport was "inevitable" and that the issue will be raised after the new government is formed.
Central bank "will preserve stability of currency"
Central bank "will preserve stability of currency"
BELGRADE -- National Bank of Serbia (NBS) Governor Jorgovanka Tabaković said on Monday that the central bank will preserve the stability of the Serbian dinar.
The bank "will protect the national currency from speculative effects," she said.
Petrovic: Pension system reform is of primary import
BELGRADE – President of Serbia's Fiscal Council Pavle Petrovic said Monday that a pension system reform should stand first in the forthcoming reforms in Serbia, adding that the issue is not being given too much thought at the moment.
Serbia's recovery main objective of new government
BELGRADE - Serbian Progressive Party leader Aleksandar Vucic will present the programme of the new Serbian government to the party Presidency on Saturday, with the first inter-party consultations on the ministerial team to follow from Monday, the Vecernje novosti daily reported on Friday.