NBS: With 3.8 pct growth, Serbian economy to be among Europe's top performers in 2024

BELGRADE - With a projected GDP growth of 3.8 pct, the Serbian economy will rank among the top performers in Europe in 2024, the National Bank of Serbia (NBS) said on Friday.

"We achieved a key strategic objective - investment-grade rating for Serbia," the central bank said in a statement recapping its work in 2024.

"- Inflation retreated within target bounds (3±1.5 pct) in May this year and has remained there.

- In 2024 as well, we preserved the relative stability of the dinar against the euro:

- the dinar gained 0.2 pct on the euro in nominal terms, and

- the NBS bought 2.5 bln euros net in the IFEM (ending with December 25).

- The year 2024 is the seventh of the past eight years (from 2017 onwards) in which the NBS was a net FX buyer - in the total amount of 11.6 bln euros (ending with December 25).

- Gross FX reserves are at...