NBS foreign reserves at EUR 8bn
BELGRADE -- The National Bank’s (NBS) foreign currency reserves fell by EUR 166.8mn in January, ending the month on EUR 7.99bn, the NBS has announced.
According to a statement, that figure includes money from the sale of the Serbian Oil Industry (NIS).
The NBS’s figures indicate that the fall in the central bank’s reserves was brought about by the sale of EUR 381.3mn on the inter-bank currency market in a bid to help stabilize the dinar and ensure financial markets’ smooth functioning.
Income of EUR 23.6mn was generated on the basis of sales, EUR 72.7 down on the previous month, the NBS announced.
Expressed in dollars, the NBS’ foreign currency reserves total USD 10.32bn, which enable monetary mass coverage (M1) of 353 percent.
Together with commercial banks’ reserves, which totaled EUR 666.9mn at the end of January, Serbia’s total foreign currency reserves came to EUR 8.66bn (USD 11.18bn).
February 17, 2009 | 16:03 | Source: Beta | Comments: (0) | Send comment
BELGRADE -- Serbia’s budget deficit in January was approximately EUR 8.5mn, with revenue of EUR 479mn, and expenditure of EUR 487.5mn.
February 12, 2009 | 13:25 | Source: Tanjug, Večernje novosti | Comments: (0) | Send comment
BELGRADE -- U.S. Steel's managing director says that, due to the world economic crisis, the Smederevo steel mill, Serbia’s biggest exporter, will cut exports this year.
February 13, 2009 | 09:59 | Source: B92 | Comments: (5) | Send comment
BELGRADE -- Trade Minister Slobodan Milosavljević says that the budget for the national branding project is minimal.
February 18, 2009 | 18:21 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- If Serbia is to mitigate the effects of the economic crisis, the fiscal spending should be reduced, the central bank says.
February 18, 2009 | 15:41 | Source: Beta | Comments: (0) | Send comment
KRAGUJEVAC -- Kragujevac-based gunmaker Zastava Arms has asked President Boris Tadić to help the plant get an export license.
February 14, 2009 | 11:09 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The monetary policy will remain restrictive in the coming period, National Bank of Serbia (NBS) Governor Radovan Jelašić says.
February 14, 2009 | 11:13 | Source: Ekonomist, Tanjug | Comments: (4) | Send comment
BELGRADE -- Gazpromneft Board of Directors President Aleskandr Dyukov says that the aim of his company was for NIS to become a leader in southeaster Europe.
February 17, 2009 | 21:08 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- A session of the Social-Economic Council in Belgrade Tuesday unanimously supported the government package of measures aimed at overcoming the economic crisis.
February 15, 2009 | 11:14 | Source: Blic | Comments: (7) | Send comment
BELGRADE -- Serbia is a tax paradise for the rich, with income tax rates ranging from 10 to 15 percent, a Belgrade daily writes.