United Nations Economic and Social Council

The IMF called for better banking supervision in Bulgaria in the concluding statement of its mission to the country, which was released on Friday.

The IMF notes that the collapse of Corporate Commercial Bank (KTB) and the deterioration in the fiscal balance tested the country's macroeconomic and financial stability.

"Public sector layoffs to start in July"

BELGRADE -- Serbian Minister of Public Administration and Local Self-Government Kori Udovicki stated on Friday that dismissals in the public sector would begin as of July.

BELGRADE - Serbian Minister of Public Administration and Local Self-Government Kori Udovicki stated on Friday that dismissals in the public sector would begin as of July.

Law on reduction of public sector administration in April

BELGRADE -- A law on public sector "rationalization" will be presented in late April, Minister of State and Local Administration Kori Udovicki has said.

The law will be adopted according to a conclusion by the government, she told the Belgrade-based daily Blic, but refused to comment on the details.

The International Monetary Fund approved on March 11 a $17.5 billion (15.5 billion euro) aid plan for crisis-wracked Ukraine, whose economy is reeling from a pro-Russia insurgency in its industrial heartland.

Some 14 million children across the region are now suffering from the escalating conflict sweeping Syria and much of Iraq, said UNICEF on March 12.

The International Monetary Fund (IMF) has approved a new USD 17.5 B financial aid package for Ukraine to help the country stave off collapse of its economy.

Western Balkans countries need to tackle their high budget deficits, cut trade deficits, privatize public institutions and work on labour market reforms, the International Monetary Fund, IMF, says in a new report.

The report presented on Tuesday in Vienna analyses economic growth, fiscal policies and labour market reforms since 2000.

Economist wonders why govt. hasn't published IMF documents

BELGRADE -- Economist Stojan Stamenkovic says it is unclear why the Serbian government has not published the content of the agreement it recently reached with the IMF.

VIENNA - The electricity price increase of 15 percent is part of the agreement with Serbia, as stated in the memorandum which the country submitted prior to the closing of the arrangement with the International Monetary Fund (IMF), Head of IMF Mission in Serbia Zuzana Murgasova said.