Serbia

The Serbian government capped the retail prices of petrol and diesel for the next 30 days in a bid to to keep inflation in check. “The government passed the decree on limiting the prices of petroleum products in order to prevent greater disturbance and maintain the living standards of the population, considering that the prices of petroleum products increased in the previous

Serbia’s Ministry of Finance and Brussels-based international depository clearing company Euroclear have signed an agreement that defines the conditions for cooperation regarding inclusion of Serbian securities in the Euroclear system which would help lure international investment into the Balkan country’s bond market. The “Euroclearable” -or clearable through the Euroclear international settlements system- link will allow foreign investors to access the Serbian domestic

Interest rates hikes, a spike in inflation and rising international energy prices pose the biggest risk to Serbia’s economy in 2022, threatening the projected gross domestic product (GDP) growth rate of 4.5%, an analysis published in Kvartalni Monitor (Quarterly Monitor) warns. Two major trends – a relatively strong economic recovery and a relatively strong acceleration of inflation – were present in the

Greek lender Eurobank announced on Monday (Dec. 13) it wrapped up the merger of its Serbian subsidiary with Serbia’s universal commercial bank Direktna Banka. The combined bank (known under the new name Eurobank Direktna) in which Eurobank holds 70%, will have total assets in excess of €2bn, total equity above €300m and a market share of 6.5% in customer loans, becoming the

Serbian dinar savings have been growing at a faster pace than those in FX for the ninth year in a row, and this year they shot past RSD 100 bn for the first time ever, the National Bank of Serbia (NBS) announced ahead of October 31 – World Savings Day. At the end of last month, dinar savings stood at RSD 101.5

New York-headquartered Bloomberg Media and Serbia’s Telekom Srbija unit Mtel Swiss  join forces to create Southeast Europe’s first pan-regional, multi-platform business news network, with hubs in Serbia, Croatia, Slovenia, Bosnia & Herzegovina and North Macedonia. Launching in 2022, Bloomberg Adria will serve business and financial news, analysis and data to the region’s growing community of business decision makers and future leaders across

The National Bank of Serbia’s (NBS) foreign exchange (FX) reserves reached the highest level on record at the end of September – EUR 16,802.5 mn, up EUR 1,217.1 mn from end-August. Such a level of gross FX reserves covers 149% of money supply (M1) and around seven months’ worth of the country’s import of goods and services, which is twice the level