Dušan Vujović

BELGRADE - If salaries and pensions are not cut by 15 percent, the Serbian government will be forced to increase the value added tax by two percent, which is necessary to reduce the budget deficit, President of the Fiscal Council (FC) Pavle Petrovic said Thursday.

Cheerful: Serbian Ministers Traveled to Niš by Bus and Had Fun Singing and Eating Sandwiches Video

Cabinet members of the Prime Minister Vučić’s government had a good time traveling to Niš by bus yesterday, and while traveling back, they even had a guitar, which made a really good atmosphere.

BELGRADE - Adopting the bill of amendments to the privatisation law will solve the issue of the 584 companies that have not been privatised or are being restructured, Serbian Minister of Economy Dusan Vujovic said on Tuesday, adding that the end of next year will be the deadline for transforming those companies.

Serbia's government held a special session in the southern city of Nis on Monday to which they traveled by bus.

The cabinet was in Nis to mark the 100th anniversary of the declaration of outbreak of war between Austria-Hungary and the then Kingdom of Serbia in 1914, the event that touched off a four-year European conflagration.

BELGRADE - Privatization through direct bargaining will no longer be possible, Serbian Economy Minister Dusan Vujovic said Monday, pointing to one of the most significant changes to the privatization law.

BELGRADE - Dusan Vujovic, Serbia's minister of economy and acting finance minister, said on Friday that the Serbian government will strive to ensure that public sector salaries and pensions are not reduced by more than 10 percent.

BELGRADE - Serbian Economy Minister Dusan Vujovic said Friday that the budget review will be presented to MPs by September 15 at the latest and adopted the same week.

BELGRADE - Serbian Prime Minister Aleksandar Vucic has said that Dusan Vujovic will be the new minister of finance and that many public enterprises' directors will be replaced before August 4, which marks the first 100 days since the election of the new government.

BELGRADE – Trade unions representing enterprises in restructuring have given up on the idea of staging protests over problems in the enterprises after reaching an agreement on social insurance and payment of minimum wages with Economy Minister Dusan Vujovic.

BELGRADE - Serbia wants to negotiate with the International Monetary Fund (IMF) regarding an agreement on a three-year loan that would help reduce the public debt and deficit and make the budget cuts easier, which would make austerity less painful, Serbia's Minister of Economy Dusan Vujovic said in an interview for Bloomberg.