International trade

BELGRADE - The Serbian parliament adopted on Wednesday a law on weapons import and export and ratified four international agreements.

The trade balance between Greece and Japan has shifted in the last few years as the drop in domestic demand in Greece and the increase in Greek exports have turned the country from a net importer of Japanese goods to a net exporter to the world’s third-largest economy, according to Japan’s honorary general consul in Thessaloniki, Haris Alexopoulos.

BELGRADE - The Serbian dinar will go down by 0.1 percent to RSD 119.4055 per euro on Wednesday, despite Tuesday's intervention by the National Bank of Serbia (NBS) which sold EUR 20 million on the interbank foreign exchange market so as to prevent a further drop in the value of the national currency.

The increase of industrial production, the workforce with high productivity, but also the fact that the industry contributes by a third to GDP are just some of the minimal arguments for reaching the tactical objective "Romania - industrial center of Eastern Europe", prime minister's counsellor Cristian Socol said in a release sent to AGERPRES on Tuesday.

Serbian currency drops to lowest level this year

BELGRADE -- The Serbian dinar (RSD) dropped by 0.1 percent against the euro (EUR) on Monday, the central bank (NBS) has announced.

The middle exchange rate today stands at RSD 119.1253 for one euro - the lowest dinar value this year.

BELGRADE - The ruling majority announced on Thursday that it will back the draft law on import and export of weapons and military equipment which defines the modes of trade, transit and transport and provision of broker services, while the opposition believes that the law should be adopted but they add that it should be rendered more modern and flexible.

Gasic presents Arms Export and Import Control Law

Bratislav Gasic on Thursday presented in the Parliament a Law regulating the issue of arms and military equipment.

BELGRADE - Serbian Defence Minister Bratislav Gasic on Thursday presented in the parliament a bill regulating the methods and requirements for exports, imports, transit and transport of arms and military equipment and providing brokerage services.

The foreign trade deficit widened far beyond expectations in August, as the country’s imports rose for the first time in seven months amid pressure on exports due to the crisis in Iraq.

BELGRADE - The National Bank of Serbia (NBS) sold at the Interbank Foreign Exchange Market on Wednesday EUR 20 million to prevent the dinar from dropping too much, so the Serbian currency will go down by 0.1 percent against the euro on Thursday to set the middle exchange rate at RSD 118.6959 for EUR 1, the NBS has stated.