"Exchange rate stable despite pressures"
BELGRADE -- The exchange rate is "relatively stable and in line with monetary policy goals, despite certain pressures," NBS Governor Jorgovanka Tabaković says.
"When I say pressures, it does not entail only the negative ones," Tabaković stated and added that she would "like Serbia to be a country in which pressures would be endured as was the case with the pressures Serbia has been experiencing over the past few months."
She specified that the said pressures are connected to the payment of profits by companies and banks to their mother seats abroad.
Companies and banks have already transferred EUR 85 million worth of profits and the figure should double by the end of the year, Tabaković told a joint news conference with representatives of the International Monetary Fund (IMF) on Thursday in Belgrade.
Tabaković underscored that there are certain banks that decided to reinvest their entire profit in Serbia, and added that one bank with the mother seat outside Serbia is one of the first three that have done so until now.
The Serbian dinar (RSD) is also experiencing the pressures concerning the developments concerning fuel import, consequences of this year's floods and its impacts in the energy sector, as well as seasonal demand.
Tabaković noted that remittances dropped this year by 10 percent.
Friday 21.11.2014 | 10:01 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The state should remain a majority owner of the Electric Power Industry of Serbia (EPS), but the company should be reorganized so that it operates at a profit.
Friday 21.11.2014 | 09:28 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- IMF Mission to Serbia head Zuzana Murgasova said on Thursday that the international financial institution reached an agreement with the Serbian government.
Thursday 20.11.2014 | 15:17 | Source: Beta | Comments: (0) | Send comment
BELGRADE -- Serbian officials and an International Monetary Fund (IMF) mission have agreed on a three-year precautionary arrangement worth about USD 1 billion.
Thursday 20.11.2014 | 09:23 | Source: Tanjug | Comments: (2) | Send comment
BELGRADE -- Serbian Finance Minister Dušan Vujović said on Wednesday that a new arrangement with the IMF is "almost 100 percent" certain.
Wednesday 19.11.2014 | 16:53 | Source: RTS, Tanjug | Comments: (0) | Send comment
BELGRADE -- Aleksandar Vučić has said that the talks with a visiting IMF delegation will finish on Thursday.
Wednesday 19.11.2014 | 14:29 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- President of the Foreign Investors Council (FIC) Frederick Coin says the Serbian government has successfully launched fiscal consolidation.
Wednesday 19.11.2014 | 12:51 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Education sector workers in Serbia have been striking since Monday by cutting classes to 30 from 45 minutes.
Wednesday 19.11.2014 | 09:41 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The National Bank of Serbia (NBS) sold EUR 30 million in the Interbank Foreign Exchange Market (IFEM) on Tuesday to stabilize the domestic currency.
Tuesday 18.11.2014 | 12:20 | Source: RTS, Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbia's banking system is highly liquid and stable, and there are no reasons for worry, National Bank of Serbia (NBS) Governor Jorgovanka Tabaković has said.
Monday 17.11.2014 | 15:01 | Source: Tanjug | Comments: (2) | Send comment
BELGRADE -- Prime Minister Aleksandar Vučić and Germany's Vice Chancellor Sigmar Gabriel opened on Monday a session of the German-Serbian Business Council.
Monday 17.11.2014 | 10:05 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The steady slump of the Serbian dinar (RSD) will be halted on Monday, when its value against the euro (EUR) will go up by 0.5 percent, the NBS has said.
Friday 14.11.2014 | 13:06 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The upcoming visit to Belgrade by German Vice-Chancellor Sigmar Gabriel is "proof of good bilateral relations and a desire to promote economic cooperation."
Friday 14.11.2014 | 09:08 | Source: Tanjug | Comments: (0) | Send comment
KRALJEVO -- National Employment Service (NSZ) Director Zoran Martinović presented in Kraljevo on Thursday the implementation of "active employment policy measures."
Thursday 13.11.2014 | 16:46 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The National Bank of Serbia (NBS) decided to trim the key policy rate by half a percentage point, to eight percent, the Serbian central bank said on Thursday.