Montenegro will give each of its neighbours and former ex-Yugoslavs Serbia and Croatia a small submarine as a gift, said Montenegro’s army chief of staff, Dragan Samardzic. Slovenia already got one of the six small Tisa submarines, class Una, produced in the late 80’s for the Yugoslav Navy in Croatia’s …

Serbia would rather ask for more loans to make it through the financial crisis than sell its fixed telephony and electricity monopolies, Deputy Prime Minister Bozidar Djelic said on Tuesday. “It’s better for the state to go into debt that to sell Telekom,” Tanjug agency quoted Djelic as saying, adding …

Serbia needs a new deal with the International Monetary Fund, but with that money going ensure the macro-economic stability of the country and not to protect the dinar rate, Serbia’s central bank governor Radovan Jelasic said on Tuesday, adding that the state needs the deal also as an excuse for …