Serbia

The Serbian government has announced savings of €1 billion as part of its economic stability plan. Prime Minister Mirko Cvetkovic said on Tuesday that 85 per cent of budget savings will be generated by cutting costs and 15 per cent by increasing revenue. “Besides cheaper public administration, the new package …

Hard currency loans to Serbia, Estonia and Latvia are the most at risk of default in central and eastern Europe, according to the International Monetary Fund. The IMF says that Western banks risk losing US$160 billion of a total US$1.6 trillion placed in the central and eastern European region, daily …

BELGRADE, Serbia – The Serbian army is the best and most professional in the region, Defence Ministry Secretary Dusan Spasojevic said on Monday (April 6th), citing a report by the US analysis and research agency Stratfor.

EU peacekeeping forces have raided a local logging company early Tuesday, in search for any information that could reveal the whereabouts of Bosnian Serb war crimes suspect, Ratko Mladic who is still at large. The operation was carried out in line with the request of the International War Crimes Tribunal …

BELGRADE, Serbia – NATO is ready to improve its relations with Serbia, but Serbia’s accession into NATO is entirely a domestic decision, outgoing NATO Secretary-General Jaap de Hoop Scheffer said on Saturday (April 4th).

Croatia`s President, Stjepan Mesic, said that talks are taking place on dropping its genocide case against Serbia, with delegates from both sides participating. The Croatian President stated in a interview with Belgrade newspaper Vecernje Novosti that Croatia’s entry into NATO will contribute to the security of the entire region. “With …

Serbian and Russian officials will today sign a special protocol to expand their Free Trade Agreement, the Serbian Government announces. Serbia’s Ministry of Economy declared earlier that this protocol relates to the export of medicines, meat, confectionery products and wine. Co-presidents of the Russian-Serbian Economy Cooperation Committee, Ivica Dacic and …

Serbian unions said on Thursday they would stage mass protests within two weeks unless government officials take their share of spending cuts agreed last week to secure an IMF loan. Serbia plans to freeze wages and pensions for 18 months and impose a 6 percent income tax surcharge to achieve …

BELGRADE, Serbia – A former mayor of Zrenjanin and leader of President Boris Tadic’s Democratic Party (DS) has been charged with corruption, along with 21 other people, the special organised crime prosecution service announced on Wednesday (April 1st).

Several Serbian local officials warned the Serbian Government that its economy measures could lead to the bankruptcy of many municipalities in Serbia. The government had earlier announced a possible decrease of the cash to be transferred from the Republic’s budget to local budgets. Local officials are mostly worried about the …