Economy of the Arab League

BELGRADE - Between January and September this year, Serbia saw an 18.8 bln dinar budget surplus, which is 104.5 bln dinars better than a planned 85.7 bln deficit.

Revenues in the period totalled 1,583.6 bln dinars, with expenditures at 1,564.8 bln dinars.

According to figures released by the Ministry of Finance, a 3.6 bln dinar surplus was registered in September alone.

BELGRADE - The Serbian government adopted the 2025 budget bill on Thursday, the Ministry of Finance told Tanjug.

Under the bill, planned budget revenues and receipts total 2,346.2 bln dinars - up by 8 pct or by 172.9 bln dinars relative to the 2024 supplementary budget bill.

Türkiye's foreign trade deficit narrowed by 31.1 percent on a yearly basis to $60.43 billion this January-September, according to official new figures.

The country's exports totaled $191.75 billion in the nine-month period, up 2.6 percent, the Turkish Statistical Institute (TÜİK) said on Oct. 31.

Deposits placed by households and private nonprofit institutions increased by 330 million euros in September, compared with an increase of €1.035 billion in the previous month, while the annual growth rate decreased to 2.4% from 2.6% in the previous month, according to figures provided by the Bank of Greece on Friday.

The Turkish government has allocated funds to the tune of 43 billion Turkish Liras ($1.3 billion) in its draft 2025 budget aimed at helping companies diversify their markets abroad and boost exports.

The normalization of monetary and fiscal policies in Türkiye is helping to restore macroeconomic stability as inflation pressures gradually ease, domestic demand cools and external vulnerabilities lessen, the World Bank has said in a report.

In Bulgaria, producer prices in August saw a 1.5% increase compared to the same month last year, according to data from the National Statistical Institute. The mining industry experienced the largest price growth, rising by 9.1%, while prices in electricity, heat, and gas production and distribution increased by 7.7%.

For 2026, the Bank of Greece anticipates growth of 2.3%, highlighting that a key risk factor for these projections is the potential escalation of the geopolitical crisis in Ukraine and the Middle East.

Inflation is expected to fall to 3% in 2024, primarily due to a decrease in inflation for food, non-energy industrial goods and services.

Greek agricultural production has been shrinking 0.3% per year for the last 30 years, according to research organization Dianeosis. 

Exports have risen in recent years, but agricultural productivity remains constrained by structural issues - a small number of aging, low-educated farmers.

BELGRADE - The Serbian government passed on Thursday a bill amending the 2024 budget law, under which overall budget revenues will total 2,173.4 bln dinars, up by 6.5 pct - or by 132.5 bln dinars - compared to this year's initial budget.