International Monetary Fund

BELGRADE - Serbia's Prime Minister Ivica Dacic will meet a delegation of the International Monetary Fund (IMF) on Wednesday, the government office for relations with the media has stated.

BELGRADE - Serbia needs reforms, political party officials agreed at the conference on economic directions of Serbia's development but they did not achieve an agreement as to whether or not the measures of the International Monetary Fund (IMF) should be implemented in the reform process.

BELGRADE - It is clear that Serbia has started modernising its finances, reforming its tax administration and reducing its budgetary deficit, the Serbian government's economic advisor Dominique Strauss-Kahn has said.

BELGRADE - The National Bank of Serbia (NBS) FX reserves amounted to EUR 10,831.8 million at end-February, covering M1 by 351 percent or more than seven months of imports of goods and services.

Russian energy giant Gazprom has warned that it will stop supplies to Ukraine if it does not pay its debt.

Alexei Miller, its Executive Director, explained Ukraine currently owes USD 1.89 B and assure his company "cannot supply gas for free", he was reported by Businessweek as saying.

Ukraine's wheat production, which is the 11th largest in the world, may suffer due to the EUR 11 B aid from the EU.

The reason is that the money will come with strings attached, such as drastically raising electricity and fuel prices in the country, as Bulgarian website Expert.bg has warned.

Key interest rate remains unchanged

BELGRADE -- The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate unchanged at 9.5 percent.

The board stated that the inter-annual inflation rate returned to the limits of the target inflation in January 2014 as NBS had announced earlier.

B0ELGRADE - The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate unchanged at 9.5 percent and stated that the inter-annual inflation rate returned to the limits of the target inflation in January 2014 as NBS had announced earlier.

Bulgarian Prime Minister Plamen Oresharski believes that the International Monetary Fund (IMF) should have a leading role in the solution of Ukraine's financial problems.

Oresharski told journalists in Brussels that the EUR 11 B financial package proposed by the EU was sufficient at this stage.

Romania and the International Monetary Fund (IMF) have agreed on a USD 4 B loan to Bucharest.

The credit package deal was struck after President Traian Basescu gave his approval, as Bulgarian website Investor.bg reports.

Basescu has long resisted the agreement as it forces Romania to impose an excise tax for fuels at EUR 0.07 per liter.