World Bank

"Electricity price rise part of IMF-Serbia agreement"

VIENNA -- The 15-percent electricity price hike is part of IMF's agreement with Serbia, as stated in a memorandum which the country submitted before the deal was closed.

This was announced by head of the IMF mission Zuzana Murgasova.

Foreigners prefer to invest in the finance sector rather than industry in Turkey, as measures taken to avert the 2001 crisis enhanced financial regulation in the country, according to official figures The focus from the foreign resource inflow into Turkey from 2003 onwards, when the Justice and Development Party (AKP) took power, as well as the focus of foreign direct investments have be

"Restructuring of energy enterprises launched"

KOPAONIK -- Electric Power Industry of Serbia (EPS) public enterprise should adopt a financial consolidation plan by March 31, Energy Minister Aleksandar Antic has said.

Speaking on Thursday on the last day of the Kopaonik Business Forum, he announced EPS would then it will be "reorganized into two companies by July 1."

KOPAONIK - The public enterprise Electric Power Industry of Serbia (EPS) is expected to adopt a financial consolidation plan by March 31, and then it will be reorganized into two companies by July 1, Energy Minister Aleksandar Antic said on Thursday.

KOPAONIK - Serbian Minister of Public Administration and Local Self-Government Kori Udovicki has said that a program to cut the number of employees in Serbia's public sector would most probably be adopted in April, and it could be anywhere between 7,000 and 15,000 in 2015.

"Spending cuts will have no effect without growth"

KOPAONIK -- World Bank Country Manager for Serbia Tony Verheijen says the fiscal consolidation will not yield results by itself unless it is followed by economic growth.

KOPAONIK - World Bank (WB) Country Manager for Serbia Tony Verheijen has said that the fiscal consolidation will not yield results in Serbia just by itself, if not followed by an economic growth.

At the Kopaonik Business Forum, Verheijen said that the fiscal consolidation is not a goal unto itself, but rather a means for achieving the real objective-economic growth.

The last time George Papandreu became prime minister, he had to tackle Greece?s deep economic crisis.

BELGRADE - The 22th Kopaonik Business Forum titled "Serbia 2015-2030: New Vision for Industrialization of the Economy and Modernization of the Society" will begin on Tuesday, bringing together a record number of 600 participants.

EU Regional Policy Commissioner Corina Cre?u has insisted that poverty betrays a systematic error of society that can only be remedied through a holistic approach.

In an interview for the Bulgaria On Air TV channel, Romania's EU Commissioner admits that roads and infrastructure are important, just as the reduction of poverty and social inequalities.