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Stock Market / Finance in Serbia

  • Serbia Inflation eases slightly in November

    SERBIA, 2016/01/17 In November, consumer prices decreased 0.1% over the previous month. The print was slightly up from the 0.2% drop seen in October, which had marked a three-month low. According to the Statistical Office of the Republic of Serbia (SORS), November’s print mainly reflected a decrease in prices for food and non-alcoholic beverages. On the other hand, prices for health and communication increased over the previous month. Inflation in November inched down from 1.4% in October to 1.3%, thus hitting a four-month low. Annual average inflation as well inched down from October’s 1.5% to 1.4% in November.
  • Serbia is the country with highest financial hemorrhage in the Balkans

    SERBIA, 2014/12/18 The statement, released Tuesday, estimates the cost of illicit transfers by analyzing discrepancies in balance of payments data and direction of trade statistics, as reported to the IMF, in order to detect flows of capital that are illegally earned, transferred, and/or utilized. The Washington-based research and advisory organization says illegal money transfers from developing nations and the relieve of such transfers for money laundering is a major economic problem because it fuels corruption in developing nations and starves the same nations of investment . Serbia is the country with highest financial hemorrhage in the Balkans, the statement says. Between 2003 and 2012, it estimates that additional than $45 billion (€36bn) disappeared from Serbia in illegal ways.
  • Abu Dhabi signs $1bn loan deal with Serbia

    SERBIA, 2014/03/06 Abu Dhabi announced on Thursday that it has signed an agreement with Serbia to provide the Balkan country a loan of $1 billion. The agreement was signed next a visit by Aleksandar Vučić, Initial Deputy Prime Minister of Serbia, to the UAE, a statement said. It added that the loan transaction will contribute to "strengthening cooperation and relationship ties between the UAE and The Republic of Serbia, serving the interests of both nations inclunding encouraging private and public sectors within the UAE to look for investment opportunities in Serbia".
  • The Serbian government is using loans from the United Arab Emirates (UAE)

    SERBIA, 2014/02/19 The Serbian government approved a statement on negotiations with the Abu Dhabi Fund for Development in relation to the granting of a loan to the Serbian government for financing the initial phase of the irrigation system development, Serbian Minister of Agriculture Dragan Glamocic has said. The Serbian government is preparing comprehensive documentation for using loans from the United Arab Emirates (UAE), out of which a total of USD 100 million was earmarked for irrigation, Glamocic said at a conference titled 'Through irrigation to safe and stable profit' in Senta, northern Serbia.
  • Cash-Strapped Serbia Slaps Taxes on Rich

    SERBIA, 2013/01/01 Starting January 15, Serbian citizens will have three months to statement their property if it exceeds in price 35 million dinars (about 315,000 euro) to the Tax Government office. tax on the additional assets at a rate of 20 %. The aim is to tax assets that not taxed formerly along with gain gained without any evidence. The measure comes next the government formerly this month adopted a new regulation on control of assets and gain as measure to fight the economic crisis and tax evasion.
  • IMF: Serbia, mission in Belgrade mid September 2012-08-25

    SERBIA, 2012/08/25