Agency blamed deteriorating finances and recent measures strengthening parliament’s control over the central bank.The US agency Fitch Ratings has downgraded Serbia’s outlook from stable to negative, citing the weakening fiscal position and low economic growth. “The negative outlook reflects the deterioration in the country’s fiscal and external financing position and …

On visit to Hvar island, Milanovic says economic recovery will begin in 2013, while pledging more investment in country’s war-torn undeveloped areas.On a visit to the Adriatic island of Hvar on Thursday, Croatia’s Prime Minister expressed his belief that the shaken economy will start to recover next year. “The crisis …

As a part of the plan to fight the economic crisis, the new government plans to change the tax policy, increasing taxes on the rich and raising VAT.Serbia’s Minister for Trade, Rasim Ljajic, said the biggest problem facing the new government is not Kosovo or EU integration but the difficult …