Serbia hopes to reach an agreement with the International Monetary Fund, IMF, on a new stand by loan arrangement worth up to 3 billion euros by the end of this week. Deputy Prime Minister Bozidar Djelic on Monday stated that he expects talks with the IMF to end by late …

Rating agency Standard & Poor’s has downgraded Croatia’s currency by one notch to BBB from BBB+, as financing from outside the country becomes increasingly difficult or expensive to come by. The rating agency also cited on Monday the country’s lack of fiscal policy flexibility due to its large public sector. …

The intergovernmental conference on Croatian EU accession needs to be postponed for the same reason, Zbogar believes. Slovene Foreign Affairs Minister Samuel Zbogar said on Monday in Brussels that he does not expect an agreement to be achieved soon on mediation models for solving the outstanding Slovene-Croatian border dispute and …