National Bank of Serbia

KOPAONIK - The USD 1 billion loan that Serbia is set to obtain from the United Arab Emirates (UAE) is very favourable and the money should be used to repay or refinance the most expensive loans and invest in development, the president of the National Bank of Serbia (NBS) Council of the Governor Nebojsa Savic said on Thursday.

KOPAONIK - Serbia needs to conduct a fiscal consolidation in order to reduce public spending, President of the Council of the Governor of the National Bank of Serbia Nebojsa Savic has said.

BELGRADE - Serbian Prosecutor's Office for Organized Crime has indicted six persons for crimes that caused the loss of RSD 3.5 billion to the Development Bank of Vojvodina (RBV).

KOPAONIK - In the coming period, the National Bank of Serbia (NBS) will continue to pursue a cautious monetary policy oriented towards ensuring favourable conditions for further economic development and sustainable economic growth, NBS Governor Jorgovanka Tabakovic said on Tuesday.

BELGRADE - The official talks between the outgoing Serbian govenrment and the Mission of the International Monetary Fund (IMF) concerning a new three-year arrangement with the IMF and ongoing economic developments in the country will begin in Belgrade on Monday.

BELGRADE - Acting Minister of Economy Igor Mirovic opened on Thursday the International Fair of Tourism, the Trade Fair of Hotel and Catering Equipment, a souvenir fair and wine fair which will take place at the Belgrade Fair until March 2.

BELGRADE - Serbian Finance Minister in the technical government Lazar Krstic has said that the new Serbian government, which will be formed after the forthcoming parliamentary elections, will be negotiating a new three-year arrangement with the International Monetary Fund (IMF).

BELGRADE - Director of the Center for Advanced Economic Studies Kori Udovicki said Tuesday that the macroeconomic situation in Serbia is very difficult, adding that a delegations of the International Monetary Fund (IMF) is visiting our country to determine how urgent are measures that will have to be taken by Serbia’s new government.

BELGRADE - Erste Bank has the highest unauthorized overdraft interest rate, 81.56 percent, of all the Banks in Serbia, while Dunav banka has the lowest, 16.34 percent, the National Bank of Serbia (NBS) has said.

Annual inflation rate in 2014 "to be around 4 percent"

BELGRADE -- On average, inflation in Serbia should stand at about four percent annually, which corresponds to the inflation target of the National Bank of Serbia (NBS).

This is according to the NBS Inflation Report for February 2014, presented on Thursday.