Tag Archives: Debt

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 , , , , ,

DSS Uzice: Budget Status of the City, Catastrophic

14. October 2011.
The representatives of the DSS City Board blame the Mayor of Uzice, Jovan Markovic (DS) for the catastrophic state in the city budget and the large debts of the city management to public and private companies.

The representatives of the DSS City Board blame the Mayor of Uzice, Jovan Markovic (DS) for the catastrophic state in the city budget and the large debts of the city management to public and private companies. Continue reading →

Tagged , , ,

DSS: Serbian Government Continues Uncontrolled Borrowing

13. October 2011.
DSS: Serbian Government Continues Uncontrolled Borrowing

This government doesn’t have a program, and each party is only concerned about its own interests. Continue reading →

Tagged , , , , ,

State Roughing it with Allowed Overdraft

18. August 2011.
State Roughing it with Allowed Overdraft

Economists don’t believe that the government takes the fiscal rules preventing excessive borrowing and spending seriously. Continue reading →

Tagged , , ,

America to Go Broke on August 2?

15. July 2011.
If the Democrats and the Republicans don’t agree by August 2 on how they will fill the empty state treasury, the US won’t have the money to return its debts. In that case, the most powerful agencies for assessing finances would mark the purchase of US security bills on the debt market as risky, which might put the stock exchange into panic, jeopardize investments and shake up the economy of the leading global force, but also the rest of the planet.

If the Democrats and the Republicans don’t assent by August 2 on how they will fill the empty state treasury, the US won’t have the money to return its debts. Continue reading →

Tagged , ,

Italy the Next Weakest Link

14. July 2011.
Although so far managing to skirt the problems, Italy could become the next weakest link after Greece, Ireland, Portugal and Spain.

Although so far managing to skirt the problems, Italy could become the next weakest link after Greece. Continue reading →

Tagged , , , ,

Conjuncture trends: Serbian External Debt EUR 22.73 Billion

5. July 2011.
Conjuncture trends: Serbian External Debt EUR 22.73 Billion

The Serbian external debt in late April 2011 was EUR 22.73bn, which is 58.4mn more than in the previous month. Continue reading →

Tagged ,

DSS Nis: City Authorities Indebt People of Nis by another RSD 1 Bn

13. April 2011.
Sasa Ilic: The Democratic party of Serbia is repeating that the city authorities had already indebted the citizens by RSD250mn for the reconstruction of the sports hall. The reconstruction should have initially cost EUR2.5mn but in the meantime this price grew to EUR6mn. Naturally, such a rise in the price of work caused doubts and suspicions about the project. The entire work over the reconstruction of the sports hall and stadium was under a veil of secrecy: what kind of work was being performed, how much it cost, who were the contractors, who is handling the supervision…

Because of this debt, the city will be even less able to finance the work of its own public utility companies. Continue reading →

Tagged , , , ,

In Two Months another EUR1 Billion in Debt

2. March 2011.
In Two Months another EUR1 Billion in Debt

With EUR23.8bn in debt to foreign creditors, Serbia is a highly indebted country. This year alone, in two months, the state is indebted by EUR1.2bn, while further borrowing might lead it to a severe debt crisis. Continue reading →

Tagged , ,

State Indebts Each Citizen with EUR1.600

1. March 2011.
State Indebts Each Citizen with EUR1.600

The Serbian government will be debited by the Societe Generale Bank with $ 400 million to cover the budget deficit, making the public debt now amount to EUR12.5bn. This means that every citizen of Serbia owes about EUR 1,600. Continue reading →

Tagged , ,