Milojko Arsic

BELGRADE - Serbia has met all its commitments from an agreement with the International Monetary Fund (IMF), but public enterprises - above all, the power company EPS - pose the highest risk to reforms, says Milojko Arsic, editor of the economic publication Kvartalni monitor.

BELGRADE - VAT may increase by three to four percent in Serbia in case savings measures do not produce the expected effects, economic experts said on Thursday.

The Serbian government announced only the 2015 savings programme with plans for budget deficit reduction by EUR 700 million, professor of the Belgrade Faculty of Economics Milojko Arsic said.

Arsic:Cut in number of public sector employeesalmost certain

BELGRADE -- ''A cut in the number of public sector employees is almost certain, and it can total 10 to 15 percent in the next two years''

BELGRADE - A cut in the number of public sector employees is almost certain, and it can total 10 to 15 percent in the next two years because the forthcoming fiscal consolidation measures are expected to make room for fairly small savings, economic expert and professor at the Belgrade Faculty of Economics Milojko Arsic stated on Thursday.

Serbia ranked 19th in the world in outflow of illegal money Illegal Outflow of Money in Serbia is Estimated at $5 billion Annually

In Serbia, an estimate of $5 billion annually is flowed through illegal channels, which is about 10 times the amount of countries in the region.

BELGRADE - The governments needs to save EUR 400 million, but I cannot say whether pensions will have to be reduced in the process, said Stojan Stamenkovic, the editor of Macroeconomic Analysis and Trends (MAT).