"Serbia not facing system collapse"
BELGRADE -- First Deputy Prime Minister and Foreign Minister Ivica Dačić said on Monday the country was not in danger of "a system collapse."
According to him, this is true "regardless of the size of its debt" - but noted that "it definitely needed help from abroad to achieve a significant level of economic growth."
The construction sector, which grew by 13.7 per cent in the first quarter of 2014, is seen as the main driver of the current growth rate, which matches official economic forecasts for the year.
The new government platform submitted by Nikola Gruevski after he won the April general elections set economic growth for this and next year at three to four per cent.
Bulgarian economy will see a 1.7% growth in 2014, and 2.4% and 2.8% respectively in the next two years, according the latest report of the World Bank.
The financial organization has lowered its forecast in terms of global economic growth to 2.8 percent for 2014 and 3.4% for next year. This is due to the poorer prospects for the US, Russia and China, Money.bg informs.
Greek factory activity expanded again in April thanks to the first rise in employment in six years and faster increases in output and new orders, a survey showed on Friday.
Manufacturing activity has veered between contraction and growth since it logged its first month of expansion since mid-2009 in January.