Deposit Insurance Agency of Russia

Bulgaria's Parliament on Thursday decided state-guaranteed deposits in banks to be repaid within seven workdays after a bank suspends payments.

BELGRADE - The Serbian parliament adopted on Tuesday the set of six laws to strengthen bank control and introduce mechanisms of the previously conducted intervention of the National Bank of Serbia (NBS) in the case when banks face problems in their conduct of business, and MPs also passed the amendments to the law on public procurements.

Set of banking laws adopted in parliament

BELGRADE -- The National Assembly in Belgrade adopted on Tuesday a set of six laws to strengthen bank control.

The legislation introduces early intervention mechanisms for the National Bank of Serbia (NBS) to act in case a bank is facing problems.

Deputies also passed amendments to the Law on Public Procurements.

BELGRADE - Serbia's Finance Minister Dusan Vujovic has said that all banks and their clients with savings accounts will have to put some of their money into the Deposit Insurance Fund in the future, adding that the fund will mostly have independent members of the management board.

BELGRADE - The Serbian parliament's Committee on Finance, State Budget and Control of Public Spending adopted a set of seven new bills aimed at improving the situation in the financial sector on Thursday.

BELGRADE - The Serbian government adopted on Tuesday a bill on bank and insurance company bankruptcy and liquidation, which aims to establish a stable, sustainable and functional banking system in Serbia and set up a new system of jurisdiction and responsibility for key institutions in the country.

BELGRADE - The European Bank for Reconstruction and Development (EBRD) will provide a EUR 200 million stand-by loan to Serbia's Deposit Insurance Agency in order to reinforce the stability of the country's banking sector.

WASHINGTON - The World Bank (WB) has granted Serbia USD 40 million for a second project in the health care sector and USD 200 million for a project aimed at strengthening the financial and institutional capacity of the Deposit Insurance Agency.