Business

BELGRADE - The new government of Serbia will continue to pursue the policy of the EU integration, accelerated financial consolidation and economic development, Serbian Prime Minister Ivica Dacic said on Wednesday in the talks with members of the delegation of the International Monetary Fund (IMF).

BELGRADE - Serbia created a good investment environment, and the field of renewable energy sources is the most attractive for investment, Assistant Energy Minister Dejan Trifunovic said on Wednesday.

CEAC filed on Tuesday a request to a Vienna court for arbitration proceedings with the Montenegrin government, seeking over 600 million euro in compensation for losses for the aluminum plant's bankruptcy.

The biggest creditors of the KAP aluminium plant are the Montenegrin government and Russian billionaire Oleg Deripaska, through CEAC.

The new vehicles will be sold in Southeast Europe and cost 135,000 euros. Also in business news: Bulgaria will receive 127 million euros from the EU to help establish an e-governance programme.

Politics meets economics amid talks with international lenders.

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 - Serbian Energy Minister Zorana Mihajlovic signed on Tuesday on behalf of the Serbian government the Memorandum of Understanding with officials of the Electric Power Industry of Serbia (EPS) and the Swiss company Alpiq Central Europe, which will assist EPS in electricity trade on the European power market.

BELGRADE - The conditions needed for the banks to lower the interest rates on all dinar loans have been met after the interest rates on authorized overdrafts have been reduced, Serbian economists told Tanjug on Tuesday.

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.

BELGRADE - An exhibition promoting innovations as a way to progress, organized by the Association of Inventors and Authors of Technical Improvements of Belgrade, opened at Dom Omladine on Tuesday.