International trade

Serbia to clamp down on attempts to bypass Russian embargo

BELGRADE -- "After the bad experience with meat exports any attempt to sell Russia food, fruits and vegetables from the EU via Serbia will be prevented," says Rasim Ljajić.

BELGRADE – The Serbian dinar fell 0.1 percent against the euro on Friday, despite the National Bank of Serbia (NBS) selling EUR 10 million in the interbank foreign exchange market, setting the official middle exchange rate at a new record low of RSD 116.9904 for one euro, the National Bank of Serbia (NBS) has said in a release.

Experts in Serbia say Russia’s new embargo on EU food imports creates an opportunity for the Serbia to increase sales to the Russian market.

“Cruel as it may sound, there is no sympathy on the trading market. This is a big chance for Serbia, the best we had in 14 years,” Milan Prostran, an economic expert, told BIRN.

Serbia sees chance to increase food exports to Russia

BELGRADE -- "Economic sanctions which Russia has introduced to some countries make room for a huge increase in exports of domestic (Serbian) products," says Željko Sertić.

The European Union is to refer Moscow's decision to restrict imports of food from the bloc to the World Trade Organization (WTO), a diplomatic source reveals.

The National Bank of Romania (BNR, the central bank) is concerned with the stability of the exchange rate of the national currency leu, as its volatility is easily translated to prices, with a particular feature of a lesser impact of appreciation, compared to a nearly double impact of depreciation, BNR Governor Mugur Isarescu declared on Wednesday, upon presenting the quarterly re

Albania to make farming more EU compliant

BELGRADE - Imposing sanctions on Russia over the situation in Ukraine and possible pressure from the EU would be impermissible and economically unjustifiable for Serbia, says the president of the Chamber of Commerce and Industry of Serbia (PKS) Zeljko Sertic.

The Panhellenic Exporters Federation (PSE) has warned the European Commission against the impact of European sanctions against Russia on Greece's exports.

The European Union on Tuesday agreed to curb arms sales to Russia and to cut off financing for five major Russian banks over Moscow's support for rebels in Ukraine.

BELGRADE - The Serbian dinar continued falling against the euro on Thursday, going down by 0.1 percent and setting the official middle exchange rate at RSD 116.7676, which is its lowest level against the single European currency since the beginning of the year, the National Bank of Serbia (NBS) stated in a release.