Finance

BELGRADE - A USD 100 million loan from the United Arab Emirates (UAE) will be used for irrigation projects that are ready, Serbian Agriculture Minister Dragan Glamocic, announcing the arrival of an additional USD 100 million tranche loan for irrigation by the end of the year.

 Finance Ministry announces spending at supermarkets, tavernas and fuel stations will count in 2014

By Prokopis Hatzinikolaou

A set of amendments to the Consumer Loan Act passed first reading in Bulgaria's Parliament.

The legal changes, put forth by Yordan Tsonev, MP from liberal party Movement for Rights and Freedoms (DPS) and Rumen Gechev, MP from the Bulgarian Socialist Party (BSP), were approved with 99 votes in favor, 4 votes against and 7 abstentions, according to reports of dnevnik.bg.

The government of Serbia approved unanimously the USD 1B loan from the United Arab Emirates late on Wednesday.

Owing to the loan, Serbia will save USD 40M annually, or approximately USD 400M over the period of ten years, Finance Minister Lazar Krstic pointed out, Serbian Tanjug reports.

BELGRADE - The government of Serbia made a unanimous decision late on Wednesday to approve the USD 1 billion loan from the United Arab Emirates.

Owing to the loan, Serbia will save USD 40 million annually, or approximately USD 400 million over the period of ten years, Finance Minister Lazar Krstic pointed out.

BELGRADE - Representatives of Western Balkan parliaments stated on Monday that more efficient draw of foreign investments in the region calls for a better investment climate, harmonisation of fiscal policy, reduction of taxes, countering corruption and better education.

By Sotiris Nikas

The Finance Ministry announced on Tuesday that it will be issuing short-term debt to cover the cash needs of the state by drawing on some 3 billion euros of cash reserves found lying unused in the coffers of various state agencies.

FRANKFURT - George Soros wants to invest in Europe’s financial sector, according to a German magazine’s interview with the billionaire investor on Sunday.

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said Tuesday that none of the 29 banks in Serbia is facing lack of liquidity, citizens' savings are guaranteed by the state and the forthcoming early parliamentary elections are not among causes of the local currency downfall.