Euro

Serbian currency continues to strengthen

BELGRADE -- The dinar went up by 0.2 percent or RSD 0.28 against the euro on Monday, with the middle exchange rate at RSD 120.4060 for one euro, the central bank said.

The dinar is 0.1 percent stronger compared to the euro than it was a month ago and 4.8 percent down compared to a year ago.

By Netty Ismail & Hiroko Komiya

The euro traded 0.2 percent from a two-year low as Greece’s prime minister attempts to get his presidential candidate confirmed and avoid an early parliamentary election that risks severing the nation’s international lifeline.

Experts believe currency will continue to weaken

BELGRADE -- Economic experts have voiced their belief the domestic currency would continue to weaken in the coming year.

They also think the National Bank of Serbia (NBS) would not allow a sharp depreciation of the dinar (RSD) against the euro (EUR).

With the economic crisis still very much present in Croatia, most people in the country are cutting down on seasonal expenses this Christmas - and over a quarter of those surveyed won't be buying a single present.

BELGRADE - The Academy of Engineering Sciences of Serbia (AINS) has joined the European Council of Academies of Applied Sciences, Technologies and Engineering (Euro CASE), AINS President Branko Kovacevic has told Tanjug.

By Chryssa Liaggou

A few hours after the second vote for a new president in Parliament on Tuesday, industrialists called on political parties to reach a national consensus on four key points.

MPs in the mainly Serbian entity of Bosnia, Republika Srpska, will discuss the entity budget for next year at a session scheduled for the last days of December.

The budget for 2015 is set at 2.033 million KM, or 1.039 million euro, which is around 65 million euro less than this year's.

Serbian currency up 0.9 percent against euro

BELGRADE -- The value of the Serbian dinar (RSD) against the euro (EUR) was up 0.9 percent, or RSD 1.13.

The official middle exchange rate reached RSD 121.2852 for one euro on Monday, the National Bank of Serbia (NBS) has stated.

Three days after his visit to Athens was completed, European Economic and Monetary Affairs Commissioner Pierre Moscovici stated in Washington that the monitoring of Greece’s economy by its international creditors should become «lighter» and less «interventionist,» with inspectors visiting only twice a year.

European Central Bank officials are considering ways to ensure weak countries that stand to gain most from a fresh round of money printing bear more of the risk and cost.