Lazar Krstic

BELGRADE - Serbian Finance Minister Lazar Krstic said Tuesday that he believes the budget revision will be adopted in August or mid September, after the flood damage estimates and assessment of their effect on the state budget are completed.

BECICI - Serbian Finance Minister Lazar Krstic said Friday in Becici, Montenegro, that Serbia's budget will be revised in July instead of June, stressing that the recent catastrophic floods will not affect the implementation of the government's economic measures.

BECICI – An annual Southeast Europe (SEE) summit of finance ministers and central bank governors, which will discuss financial future of the region, will start in Becici, a coastal tourist resort in Montenegro, on Friday.

VIENNA - Austria's Foreign Minister Sebastian Kurz said on Tuesday he looked forward to Serbian Prime Minister Aleksandar Vucic's visit to Vienna on Wednesday, stressing that it was very significant that Vucic's agenda included meetings with Austrian companies, and not just politicians.

VIENNA - Serbian Prime Minister Aleksandar Vucic will travel to Vienna on Wednesday for the first time since taking office and confer with Austria's top officials.

The visit to Austria was due to take place on May 18-19, but the prime minister cancelled it because of catastrophic floods that hit Serbia.

BELGRADE - The Serbian Parliament adopted on Friday a bill that defines the conditions of the USD 1 billion budget loan from the United Arab Emirates (UAE) to Serbia.

The government will receive a USD 1 billion loan from the UAE with a payment deadline of 10 years and a 2 percent interest rate.

BELGRADE - Finance Minister Lazar Krstic said Wednesday that the government of Serbia passed an amendment to postpone the implementation of the amended rates for pension and disability insurance contributions by one month, to August 1.

BELGRADE – Serbian Finance Minister Lazar Krstic said Tuesday that Serbia has taken a USD 1 billion loan from the Abu Dhabi government under favorable conditions, and he believes it will have a positive effect on investors.

Employer who employs 10 people will get tax benefits

The law on citizens’ income tax, the debate on changes of which began in the Parliament yesterday, shall be in force as of June 2016. Employers who until then employ up to nine people shall be exempt from payment of 65 percent of the tax.

BELGRADE - The announced partial exemptions from taxes and contributions payable by employers are just a prelude to an aggressive fight against the grey economy, Serbian Finance Minister Lazar Krstic said in parliament on Monday.