Latest News from Serbia

Srbijagas puts South Stream construction behind schedule

BELGRADE - The problem with issuing government guarantees needed for the construction of the South Stream pipeline leg through Serbia has emerged because the reforms in Srbijagas, a government owned company, are behind schedule, the Ministry of Energy has said.

Chinese corporation wishes to open three industrial zones

PROKUPLJE - The Chinese electrical power corporation Sinomach-CNEEC-CNEETC is interested in opening three industrial zones in Serbia in which it could invest EUR 1 billion each, the corporation representatives said on Tuesday at the meeting with Serbian Minister of of Natural Resources, Mining and Spatial Planning Milan Bacevic.

Savic calls for austerity and investments

KOPAONIK - Serbia needs to conduct a fiscal consolidation in order to reduce public spending, President of the Council of the Governor of the National Bank of Serbia Nebojsa Savic has said.

IMF to help Albania make reforms

IMF to help Albania make reforms

A loan from the IMF will help Albania undertake economic reforms. Also in business news: Turkey wants to increase its 20 percent stake in the Trans-Anatolia Gas Pipeline project to 30 percent by April.

The pension system in Albania will be reformed with the help of an IMF loan. [AFP]

Vulin: ROSU operation in Strpce aimed at intimidating Serbs

ZVECAN - Aleksandar Vulin, Serbia's minister without portfolio in charge of Kosovo-Metohija, has noted that the operation that Kosovo police carried out in Strpce, southern Kosovo-Metohija, on Tuesday was aimed at intimidating Serbs and forcing them to flee.

Guarantees issue should be resolved as soon as possible

KOPAONIK - Serbian Prime Minister Ivica Dacic said Tuesday that the project to build a section of the South Stream gas pipeline in Serbia is being held back by the problem of provision of state guarantees and called for the issue to be resolved as soon as possible.

Stable energy situation in Serbia

BELGRADE - The energy situation in Serbia is stable, and developments in Ukraine are not undermining the security of supply of energy sources, it was concluded at Tuesday's meeting of the working group tasked with monitoring the security of supply of energy and energy sources.

OSCE parliamentarians to observe elections in Serbia

COPENHAGEN - Parliamentarians of the Organization for Security and Cooperation in Europe (OSCE) will arrive in Serbia next week to take part in an observation mission to the parliamentary elections on March 16.

Guitar Art Festival to be held at several venues

BELGRADE - The 15th Guitar Art Festival (GAF) will be held on March 11-16 at several venues across Belgrade, it was announced at a press conference in Sava Center on Tuesday.

Prominent guitar players from Serbia and around the world will be performing in fourteen concerts of this year's GAF, and five out of six evening events will take place in Belgrade's Dom Omladine (DOB).

Croatia claims Serbia wanted to destroy Croats

THE HAGUE - Croatian legal representatives argued before the International Court of Justice in The Hague Tuesday that Serbia had planned and had a clear intention to destroy Croat communities across Croatia during the 1991-95 war on the territory of that country.

RIK to issue collective electoral list on Wednesday

BELGRADE - The Republic Electoral Commission (RIK) will issue the collective electoral list for the March 16 early parliamentary elections which will comprise slates submitted by 19 parties, coalitions and civil organisations.

The RIK session will take place on Wednesday at midnight.

Negotiations on WB loan to follow adoption of reform laws

KOPAONIK - The World Bank (WB) will start negotiations with the new Serbian government on a USD 250 million loan towards budgetary support as soon as reform laws are adopted and a restructuring of 153 state and socially-owned companies is initiated, Tony Verheijen, the World Bank Country Manager for Serbia, told Tanjug on Tuesday.

Dacic says he does not know who would form new gov't

KOPAONIK - Ivica Dacic, Serbia's outgoing prime minister and leader of the Socialist Party of Serbia (SPS), said on Tuesday that he could not say which parties would form a new government, after early parliamentary elections set for March 16, and whether the SPS would be part of a ruling coalition.

Budget deficit up to eight percent of GDP in 2014

KOPAONIK - Serbia's budget deficit would reach seven, even eight percent of gross domestic product (GDP) this year, which would be the highest rate in the region, while GDP is expected to grow from zero to one percent, Chairman of the Fiscal Council Pavle Petrovic estimated on Tuesday.