Disability Insurance Fund

"The payment has already started, the state allocated more than RSD 33 billion of additional aid for our oldest fellow citizens, which is in line with the current state policy of caring for the community and the individual in the years of crisis," Mali said.

KOSOVSKA MITROVICA - Pristina's police on Wednesday carried out searches on several locations in the north of Kosovo-Metohija in connection with the Banjska case.

In a statement to Tanjug, the regional deputy chief of the so-called Kosovo Police said no arrests had been made for the time being.

Little 20-month-old Lav Teodorovi, suffering from spinal muscular atrophy - SMA, will receive life-saving and at the same time the most expensive drug - Zolgensma, at the expense of the state.

149 (out of 250) people's deputies (members of the Assembly) were in attendance, Tanjug reported.

According to the Serbian government, the new budget envisages revenues of RSD 1,246.2 billion and expenditures of RSD 1,269.1 billion, so the deficit will be RSD 22.9 billion, which is 0.4 percent of the expected gross domestic product (GDP).

BELGRADE - The first results of a financial report submittion campaign show that a large part of the economy is ready for electronic communication with the government, which will be mandatory starting from 2016, Director of Serbia's Business Registers Agency (APR) Zvonko Obradovic said Monday.

BELGRADE - The privatisation of spas in Serbia has been postponed temporarily, Minister of Economy Zeljko Sertic has stated, adding that some of the spas could remain in government ownership.

The privatisation was postponed because some of them are involved in a legal dispute between the government and the state Pension and Disability Insurance Fund, he explained.

BELGRADE - Serbia's budget deficit for the first four months of 2014 amounted to RSD 91.7 billion, the country’s Ministry of Finance has said in a release.

Total budget revenues by the end of April amounted to more than RSD 261 billion, while expenditures totaled nearly RSD 353 billion.

Investigation launched against PIO suspects

BELGRADE -- The Organized Crime Prosecution launched an investigation against seven individuals suspected of abusing official position to illegally grant others pensions.

BELGRADE - The Prosecutor's Office for Organised Crime launched an investigation against seven individuals suspected of having committed abuse in order to illegally grant the right to old-age pension, thus causing RSD 70 million worth of damages to the Pension and Disability Insurance Fund (PIO).

Six arrested in connection to pension fund corruption case

BELGRADE -- The police took six persons to the Prosecutor for Organized Crime for questioning on Wednesday on suspicion that they illegally acquired at least RSD 70mn.

This happened through abuse of the suspects' official positions held at the state-run Pension and Disability Insurance Fund (PIO).