International economics

Macroeconomic situation in Serbia "difficult"

BELGRADE -- Director of the Center for Advanced Economic Studies Kori Udovički has said that the macroeconomic situation in Serbia is "very difficult."

 Banks’ requirements will not exceed 6 bln euros; methodology will be available for scrutiny, sources say

By Yiannis Papadoyiannis

LONDON - Prime Minister of Serbia Ivica Dacic participated in a high-level regional forum organized in London on Monday by the European Bank for Reconstruction and Development (EBRD) and presented Serbia's results in the creation of favorable business and investment environment, emphasizing that no project can be implemented without stability of the region.

The International Monetary Fund (IMF) is ready to provide financial assistance to Ukraine.

The IMF's Chief Christine Lagarde said during a G20 meeting in Sydney, that if Ukraine applied for financial and economic help, the Fund would be ready to provide it.

BELGRADE - Serbia needs at least EUR 1.7 billion of direct foreign investments this year and an arrangement with the International Monetary Fund (IMF), which will most probably be concluded in autumn, economic experts of the Macroeconomic Analysis and Trends (MAT) magazine said on Tuesday.

BELGRADE - The National Bank of Serbia (NBS) foreign exchange (FX) reserves amounted to EUR 11,126.4 million at end-January, covering M1 by 359 percent or more than seven months of imports of goods and services.