National Bank of Serbia (NBS) Governor Radovan JelaÅ¡ić says Serbia will receive IMF assistance “only if there’s serious reform”. The central bank chief made the comments in Istanbul, where the IMF and World Bank are holding their annual meeting; in Belgrade, the unions are saying that they oppose a government plan to sack administration employees.
Posts Tagged ‘national bank of serbia’
Jelašić: Economy better than expected
September 15th, 2009 |
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National Bank of Serbia Governor Radovan Jelašić says that the economic situation is a lot better than forecast at the end of 2008. He said that stabilization had been achieved despite the fact that Serbia was losing EUR 108-130mn a month, wages and pensions were frozen, and the inflation rate of eight percent was one of the highest in the region.
VAT hike could trigger higher inflation
September 11th, 2009 |
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The National Bank of Serbia (NBS) projects this year’s inflation figure in Serbia at nine percent. But the central bank warned that a VAT increase could also bring with it higher inflation.
“Govt. faces tough choice,” NBS warns
September 9th, 2009 |
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National Bank of Serbia (NBS) Governor Radovan JelaÅ¡ić has warned the budget deficit could exceed 4.5 percent GDP, or EUR 1.4bn, the limit agreed with the IMF. Speaking for the Wednesday edition of Belgrade daily VeÄernje Novosti, JelaÅ¡ić said he did not even want to consider the possible consequences if the IMF were to see in October that Serbia had failed to abide by the agreed terms.
NBS warns of price increases
September 4th, 2009 |
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National Bank of Serbia Governor Radovan Jelašić says increases in the price of oil, communication services and cigarettes are likely by the end of the year. Although inflation this year should stay in single figures, prices controlled by the state and local authorities have already reached the planned level for next year, warned Jelašić.
“Another USD 500mn installment from IMF”
August 13th, 2009 |
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Serbia will be able to withdraw USD 500mn from a loan approved by the International Monetary Fund at the end of August. This is according to National Bank of Serbia Governor Radovan Jelašić, who explained that annual interest would be less than one percent.
C-bank keeps key interest rate at 12 pct
August 10th, 2009 |
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The Monetary Board of the National Bank of Serbia (NBS) has decided to keep the reference interest rate at 12 percent. The next meeting of the Monetary Board will be held on September 4, a statement from the central bank said in Belgrade on Monday.
New NBS vice-governor appointed
August 7th, 2009 |
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The National Bank of Serbia (NBS) Council has chosen Bojan Marković for the post of NBS vice governor, it was announced on Friday. Marković was selected at the proposal of NBS Governor Radovan Jelašić, at a session of the Council held on August 5, and he will take his post on October 1, 2009, the statement said.
“Govt. again delaying economic measures”
August 6th, 2009 |
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National Bank of Serbia (NBS) Governor Radovan JelaÅ¡ić says the Serbian government is again delaying the implementation of inevitable economic measures. The central bank chief also said and every day of inactivity implies “that the therapy will be more intense”.
“Part of IMF loan to budget – good idea”
July 29th, 2009 |
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Radovan JelaÅ¡ić said Tuesday that directing a part of EUR 3bn IMF loan into the country’s budget deficit was a good idea of the Finance Ministry. Due to the effects of the recession, the payments deficit will be considerably lower and NBS will need less money from the IMF to cover it, the National Bank of Serbia (NBS) governor told B92 TV.
C. bank chief: Exchange rate stable
July 28th, 2009 |
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The exchange rate of the dinar (RSD) will remain stable, but not fixed, says National Bank of Serbia (NBS) governor Radovan Jelašić. The central bank will continue to create conditions for the normal functioning of the foreign currency market, he added.
NBS chief on budget debt reduction
July 13th, 2009 |
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National Bank of Serbia (NBS) Governor Radovan Jelašić warned that inflation in Serbia is higher than it should be. This does not have a good effect on the referential interest rates and the interest rates on the loans, as well as the rates of the industry and citizens as well.
“Inflation higher than desirable”
July 12th, 2009 |
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National Bank of Serbia (NBS) Governor Radovan JelaÅ¡ić has warned that inflation in Serbia has already surpassed the “desirable” mark. This, he said on Sunday in Belgrade, has a negative effect on the reference interest rate.
Key interest rate reduced to 12 pct
July 11th, 2009 |
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The National Bank of Serbia (NBS) Monetary Committee has decided to reduce the reference interest rate from to 12 from 13 percent. The NBS stated on Friday that in order to improve the domestic currency solvency of the banking sector the committee adopted amendments to the decision on special measures of support to the country’s financial stability.