IMF: Recession to continue throughout 2015
WASHINGTON -- According to latest IMF projections, 2015 will be another recession year for Serbia, with negative growth of -0.5 percent.
2016 should see "recovery" and 1.5 percent growth, according to this.
Tanjug reported that in its World Economic Outlook published in April 2015, the IMF said elevated public debt and high fiscal deficits highlighted the need for fiscal consolidation, including via spending restraint and restructuring of key state-owned enterprises.
Growth in southeastern Europe is projected to improve in 2015–16, driven by rebuilding of flood-damaged areas in Bosnia-Herzegovina and Serbia, and by employment gains elsewhere, the IMF said.
Lower oil prices are expected to provide a lift to the region, offsetting the effects of weak euro area growth, recession in Russia, and still-elevated corporate debt, according to the IMF.
The Emerging and Developing Europe includes five EU member states - Bulgaria, Croatia, Hungary, Poland and Romania - and Serbia and Turkey.
Tuesday 14.04.2015 | 14:54 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- National Bank of Serbia's foreign currency reserves totaled around EUR 10.51 billion at the end of March, the central bank announced on Tuesday.
Friday 10.04.2015 | 10:56 | Source: Beta | Comments: (0) | Send comment
BELGRADE -- Political instability, the tax system and access to financing represent the biggest challenges to doing business in Serbia.
Thursday 9.04.2015 | 15:43 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to cut the key policy rate by 0.5 percentage points to seven percent.
Tuesday 7.04.2015 | 10:14 | Source: Beta, Tanjug | Comments: (0) | Send comment
BELGRADE -- The deadlines for privatizing companies that are under restructuring will not be extended, Minister of Economy Zeljko Sertic said on Monday.
Monday 6.04.2015 | 11:50 | Source: Politika, Tanjug | Comments: (0) | Send comment
BELGRADE -- Instead of having a RSD 55bn budget deficit in the first quarter, as agreed with the IMF, "we have a deficit that totals only 21.5bn," says Aleksandar Vucic.
Friday 3.04.2015 | 14:55 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Property Directorate of the Republic of Serbia will organize another round of sale of state-owned passenger vehicles on April 9.
Tuesday 31.03.2015 | 16:35 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbia has no major exporter except Fiat Automobiles Serbia (FAS), Business Info Group said, noting only this company's exports exceed EUR 1 billion annually.
Tuesday 31.03.2015 | 16:07 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- Without more exports Serbia cannot avoid bankruptcy, says Nikola Pavicic, adding that country needs "a new economic policy that backs export-bound production."
Monday 30.03.2015 | 16:56 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- The number of Chinese nationals in Serbia has halved in comparison to 2014, President of the Association of Chinese Businessmen in Serbia Guo Xiao has said.
Monday 30.03.2015 | 09:27 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The general government deficit will probably amount to RSD 25-30bn in the first quarter of 2015 considering the surplus of RSD 4.6bn in the first two months.
Friday 27.03.2015 | 09:41 | Source: B92, Tanjug | Comments: (0) | Send comment
BELGRADE -- The EU is willing to earmark considerable funds so as to assist Serbia in establishing a gas interconnection with Bulgaria.
Thursday 26.03.2015 | 17:07 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The first draft law on public sector salaries is ready, and it proposes 60 pay categories, Kori Udovicki said on Thursday.
Thursday 26.03.2015 | 15:55 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbian Prime Minister Aleksandar Vucic stated in Belgrade on Thursday there is a possibility that salaries and pensions will go up in 2015.
Thursday 26.03.2015 | 10:20 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Serbian dinar (RSD) continued to weaken the third day in a row on Thursday, losing another 0.4 percent of its value against the euro (EUR).