The retail prices of goods and services in Serbia in September 2010 increased on average by 1.0 percent if compared to the previous month. This is according to the data of the Statistical Office of the Republic of Serbia.
Posts Tagged ‘Business & Economy’
Serbian air carrier ready for open skies
September 30th, 2010 |
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Jat Airways is operating in line with European standards and was ready for the implementation of the open skies agreement. This was said on Wednesday in Belgrade by a statement issued by the Serbian air carrier, after the company’s management met with European Commission air traffic experts.
Serbia’s business presentation in Shangai
September 29th, 2010 |
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Serbian Minister of Economy Mlađan Dinkić visited the Serbian pavilion at the international exhibition EXPO 2010 in Shanghai on Wednesday. There he opened a Serbian business presentation aimed at acquainting Chinese businessmen with the possibilities for investing in and doing business with companies in Serbia.
EUR 250mn loan to finance budget deficit
September 29th, 2010 |
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The Serbian government has adopted a bill to take out a commercial bank loan worth EUR 250mn for funding the budget deficit and debt refinancing. The government adopted the bill at its previous session, on September 24, and submitted it to parliament for urgent adoption.
IMF approves fifth revision of stand-by
September 29th, 2010 |
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The Executive Board of the International Monetary Fund (IMF) approved on Tuesday the fifth revision of the stand-by arrangement with Serbia. This allows the country to instantly use special drawing rights (EUR 366.5mn or USD 494mn) within the program.
Telekom requests withdrawal of Kosovo bids
September 29th, 2010 |
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Serbia’s state-owned telecommunications company said it had requested a withdrawal of bids for the acquisition of two Kosovo-based companies. Telekom Srbija urged operators who have offered their bids to buy Kosovo Post Office and Telecommunications Company withdraw their offers, since the assets subject to the sale are confiscated property of Telekom Srbija.
“S. Koreans could create more jobs”
September 28th, 2010 |
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If the current level of demand for Yura’s products continues, the new factory in NiÅ¡ which should be completed by April 2011 could employ over 2,000 people. The South Korean company is obligated by contract to hire only 1,500.
EU invested EUR 500mn in energy sector
September 28th, 2010 |
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The EU has invested around EUR 500mn in the Serbian energy sector since 2000, a gathering in Belgrade heard on Monday. This is according to Deputy Head of the Delegation of the EU to Serbia Adriano Martins, who announced that the EU will continue investing in this domain.
EIB in EUR 40mn loan for Belgrade bypass
September 28th, 2010 |
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The European Investment Bank (EIB) has approved a EUR 40mn loan for construction of the Belgrade bypass. The bank president, Philippe Maystadt, signed the loan in Belgrade on Monday with the Serbian government represented by Minister of Finance Diana Dragutinović and Zoran Drobnjak, general manager of the Roads of Serbia pubic company, the beneficiary.
Korean car parts to be manufactured in Serbia
September 27th, 2010 |
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South Korea is interested in building a “supplier park†for its automotive industry in Serbia, say reports from Seoul today. South Korea is interested in building a “supplier park†for its automotive industry in Serbia, say reports from Seoul today.
Government to discuss natural gas price
September 27th, 2010 |
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The Serbian government will discuss raising the price of natural gas in about ten days’ time. This is according to Minister of Energy Petar Å kundrić.
State budget review in October
September 27th, 2010 |
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The government will send its proposal for the review of the state budget to parliament during October. This is accretion to the Finance Ministry State Secretary Slobodan Ilić, who spoke in Belgrade on Sunday.
Average salary in August EUR 312
September 24th, 2010 |
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The average net salary paid in the Republic of Serbia in August amounts to RSD 33,955 (EUR 312). This is a decrease of 3.4 percent compared to July, the Statistical Office of the Republic of Serbia stated on Friday.
Govt. adopts bill on consumer protection
September 24th, 2010 |
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The Serbian government on Thursday’s session adopted a bill on consumer protection and forwarded it to the parliament for an expedited review procedure. The new law will be in force as of January 1, 2011.
Serbia “best place for investments”
September 23rd, 2010 |
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President Boris Tadić called on Wednesday in New York on American companies to invest in Serbia.
He pointed out that so far, the level of investments and trade has been far below the possibilities which the Serbian market and investment climate offered.
Natural gas price hike “realisticâ€
September 22nd, 2010 |
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The price of natural gas in Serbia should go up by 25.1 percent, said Director of the Srbijagas public company Dušan Bajatović. However, he told B92 in Belgrade on Wednesday that the request for this is yet to be sent to the government.
“State creating, protecting monopolies”
September 22nd, 2010 |
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The state is the main reason why there are companies in Serbia that are abusing their dominant market positions and colluding with competitors to fix prices.
This is according to participants in a debate titled, “Monopolies and Cartels in the Serbian Economy.”
PM: Serbian currency now stable
September 20th, 2010 |
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Prime Minister Mirko Cvetković said on Monday that a stable Serbian dinar (RSD) exchange rate has been established. Speaking in the town of Šabac, he told reporters that this development is expected to have effective long-run correlation with the difference between the inflation rates in Serbia and the eurozone.
“Pensions won’t affect prices”
September 19th, 2010 |
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The bonus for the retired will neither jeopardize capital projects nor will it adversely affect inflation in the country, Deputy PM Jovan Krkobabić claims. “The bonus cannot instigate inflation nor affect the prices. These are minimum funds intended for spending”, he said.
Bajatović: Relation between prices and loans
September 18th, 2010 |
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Srbijagas will have to take a loan for another 200 million euros by the end of the heating season if the gas prices do not go up, said director Dušan Bajatović. Bajatović said that the issue of gas prices is not only a political and socio-economic one, but also the issue of macroeconomic stability.