Economy of the Arab League

BELGRADE - The Serbian average net monthly wage in October was 86,738 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 119,791 dinars.

Average gross and net wages between January and October were up by 15.0 pct y-o-y in nominal terms and by 1.4 pct y-o-y in real terms.

BELGRADE - Serbia registered a 7.7 bln dinar budget surplus in October.

Between January and October, a 5.6 bln dinar deficit was registered, which is 21.9 bln dinars better than the planned 27.6 bln deficit under the supplementary budget law, the Ministry of Finance has said.

BELGRADE - Serbian President Aleksandar Vucic said on Wednesday evening overall revenues of Serbia's IT sector were expected to exceed 3.6 bln euros this year, surpassing agriculture's share in the GDP.

That was not possible 10 or 15 years ago, Vucic noted in an appearance on Prva TV.

The Greek economy grew by 2.1% in the third quarter of 2023 compared with the same period last year, with the country's GDP rising by 0.02% between the third and second quarter of 2023, the Hellenic Statistical Authority said on Wednesday.

BELGRADE - The Serbian average net monthly wage in Q3 2023 was 84,985 dinars and the average in the public sector was higher than outside the sector, according to figures released by the national statistical office on Friday.

The European Commission sees Greece's economic growth at 2.4% in 2023 and 2.2% until 2025, above the eurozone and EU average, in its fall economic forecasts released on Wednesday, pointing out that this growth is supported by the implementation of the Recovery and Resilience Plan and a resilient labor market.

BELGRADE - Serbia registered a 13.4 bln dinar budget deficit between January and September, which is 115.4 bln dinars better than the planned 128.8 bln deficit, the Ministry of Finance has said.

Revenues totalled 1,372.6 bln dinars, while expenditures amounted to 1,386.0 bln dinars.

A 44.9 bln dinar deficit was registered in September, the ministry said in a statement.

Inflation rose to 3.4% in October, compared to 1.6% in September, data from the Hellenic Statistics Authority has shown.

Food prices increased by 9.9%, while prices in the health sector went up by 5.6 and in the hospitality sector by 4.8%.

Residential property sales in Cyprus hit a 15-year record high in the second quarter of 2023, with a significant increase in prices, according to data released this week by the Central Bank of Cyprus.

BELGRADE - The Serbian parliament passed the 2024 budget bill on Thursday.

Under the bill, budget revenues will total 2,040.9 bln dinars and expenditures will amount to 2,238 bln dinars.

One hundred and forty-five of 189 MPs in attendance voted in favour of the bill and 31 voted against, there were no abstentions and 13 MPs did not take part in the vote.