World of economy

We Don’t Want 131 Agencies, We Want a Development Bank

29. November 2011.
All the jobs done by these expensive agencies were in the once former Yugoslavia performed by the respective ministries, which is why the entire administration of the former SFRY, with six republics and two regions, counted 28 134 people, while in Serbia alone the state administration counts 29 834 employees.

The government of Serbia is supposed to revoke 131 state agencies that it had founded over the past five years, releases the Serbian Employers’ Union. Continue reading →

Tagged , ,

Less Money in Wallets by New Year

22. November 2011.
Less Money in Wallets by New Year

Companies and entrepreneurs are making ends meet. The number of shut down companies beats the newly incorporated with a gap that gets bigger monthly. Continue reading →

Cyprus to Take Out EUR 2.5Bn Loan from Russia

19. November 2011.
The loan agreement was made so that Cyprus could service its debts, stimulate growth and return investor trust into the economy of this land - is the official position of the government of Cyprus.

The Cyprian government has approved the taking out of a loan from the Russian Federation in the amount of EUR 2.5bn, or USD 3.3bn. Continue reading →

Tagged , , , , ,

Declaration on Euro-Asian Economic Integration Signed

18. November 2011.
Dmitriy Medvedev, Alexander Lukashenko and Nursultan Nazarbayev

Russia, Belarus and Kazakhstan have given their consents today for the first stage in creating a Euro-Asian economic union, the project of Russian PM Vladimir Putin. Continue reading →

Tagged , , , ,

DSS Proposes Formation of Foreign Investor Council in Kikinda

17. November 2011.
DSS Proposes Formation of Foreign Investor Council in Kikinda

It’s well known that the DSS is publicly warning that the situation of the Kikinda economy is getting worse, and that potential investors are being offered much more in other cities and municipalities in Serbia. Our words were confirmed by the president of the Regional Chamber of Commerce who clearly stated that in other cities and municipalities the investors are being met in their requests much more, that there are no industrial zones, and that local governments are doing plenty in bringing the investors in, than is the case in Kikinda. Continue reading →

Tagged , , ,

Danger in Serbia from Fall of Demand in EU Market

15. November 2011.
It’s dangerous for us if there is a significant drop in demand in EU markets where our companies are exporting, like Italy. A decline on this particular market can affect imports.

It’s dangerous for us if there is a significant drop in demand in EU markets where our companies are exporting, like Italy. A decline on this particular market can affect imports. Continue reading →

Tagged , ,

Central Bank Lowers Growth Valuation for 2012

15. November 2011.
Serbia cannot stay immune to the trends in the global environment, particularly in the Eurozone which is why the Serbian Central Bank has once again revised its GDP growth evaluation for next year from 2% to 1.5%

Serbia’s Central Bank has once again lowered its reference interest rate by 0.75% making it now 10%, while from June till October it dropped by a total of 250 base points, guided by the decline in inflation pressures, and a dropping annual inflation, that will continue in the period to come, says the governor of NBS Dejan Soskic speaking about the macroeconomic trends at a press conference. Continue reading →

Tagged , ,

Cvetkovic Controlling all Public Procurements

15. November 2011.
The expert public, judging by the first reactions to the new, even more radical changes to the Law on Public Procurement, is shocked with the open violation of all the known rules for preventing corruption. And the first rule is for control to be conducted by an independent body, not a politically controlled service of one ministry.

The expert public, judging by the first reactions to the new, even more radical changes to the Law on Public Procurement, is shocked with the open violation of all the known rules for preventing corruption. And the first rule is for control to be conducted by an independent body, not a politically controlled service of one ministry. Continue reading →

Tagged , ,

Balance of Payments Deficit 8.2% Higher

11. November 2011.
The biggest impact on deficit growth was from a negative goods exchange balance of 12.7%.

The deficit in balance of payments was in the first eight months this year USD 2.4bn, 8.2% higher than in the corresponding period last year, it was stated in the newspaper Conjectural Trends of Serbia, issued by the Serbian Chamber of Commerce. Continue reading →

Tagged , ,

Gazprom Raises Profit by 52% in Second Quarter of 2011

9. November 2011.
The total sale of gas is raised despite the traditional seasonal drop in demand for gas in the spring and summer months.

Company Gazprom announced today that in the second quarter of this year the total sale of gas was raised by 37% against the same period last year, while profit before tax grew by as much as 52% and was USD 34bn. Continue reading →

Tagged , ,