Economy

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2737 dinars for one euro on Friday, which is a slight change from Thursday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

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Businesses in Greece are having trouble not only hiring new employees, but also keeping their current workforce, demonstrating that worker retention is a complex challenge for companies, especially for micro-enterprises, which are the backbone of Greek entrepreneurship. 

Mali further explained the measures presented last night for TV Prva.
"It is about a set of measures that are primarily aimed at raising the standard of living of the citizens of Serbia. And in conditions that I would say are the conditions of the biggest, most difficult economic crisis, global economic crisis ever," he said.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to raise the key policy rate by 25 bp to 6.25 pct.

It also raised the deposit and lending facilities rates to 5 pct and 7.5 pct, respectively.

The spread between interest rates on loans and deposits is decreasing significantly, mainly after the recent increases in interest rates on new term deposits by Greek banks, according to the Hellenic Bank Association (HBA).

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2821 dinars for one euro on Thursday, which is a slight change from Wednesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia's invasion of Ukraine and the lingering effects of the coronavirus pandemic.

As the picture of the new economic administration becomes clearer, the ready-made garment sector reiterated its call for solutions to long-standing problems.

The upward trajectory of the Greek stock market continued for another day on Wednesday, with the increased turnover being the main feature of this fresh session of growth that led the benchmark to yet another nine-year high. The 2% advance of the banks index leaves no doubt about the day's protagonist, with Alpha leading the way up thanks to its favorable corporate results.