Republics

Mali: Gov't has solution to NIS sanctions issue

BELGRADE - Serbian Finance Minister Sinisa Mali said on Monday Belgrade was waiting for an official document on US sanctions on Serbia's majority Russian-owned oil company NIS to arrive and that the government's course of action would be determined afterwards.

Speaking to the RTS, Mali said quick and efficient action would be taken to avert any harm to GDP growth and the economy.

Serbian gov't sets up teams for talks on long-term gas deal with Russia, NIS issue

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said on Sunday the Serbian government had set up teams for talks with Russia about a long-term gas deal and about Serbia's majority Russian-owned oil firm NIS, which is set to face US sanctions.

Bulgaria Faces Challenges in Social Spending, Education, and Healthcare

Bulgaria is falling behind the EU average in terms of government expenditure as a percentage of GDP, particularly in the areas of social protection, education, and healthcare. This is highlighted in the country's report on its progress in implementing the UN Sustainable Development Goals (SDGs).

38% of Ukrainians Support Territorial Concessions – Is the Tide Turning?

A recent survey conducted by the Kyiv International Institute of Sociology in December revealed that 38 percent of Ukrainians are willing to accept territorial concessions in exchange for peace. This marks a noticeable increase compared to previous months, reflecting a shift in public opinion over the course of the past year.

Mixed Results for Bulgaria in 2024: Budget Deficit on Target, Social Issues Persist

Bulgaria's Ministry of Finance projects a budget deficit of approximately 6.1 billion leva for 2024, equating to 3% of the anticipated GDP. This forecast aligns with the reference value set by the Stability and Growth Pact and is marginally better than the initial estimate of 6.2 billion leva outlined in the annual budget.

NBS: Serbian 2024 GDP up by over 18 pct compared to pre-pandemic level

BELGRADE - Serbia demonstrated resilience to various challenges in 2024 as well, preserving macroeconomic and financial stability and, by the year's end, its GDP increased by over 18 pct compared to the pre-pandemic level, the National Bank of Serbia (NBS) has said, quoting figures from a flash estimate of 2024 macroeconomic trends published by the national statistical office RZS.

Tourist visits in Serbia up by 11.2 pct y-o-y in November 2024

BELGRADE - Serbia registered 11.2 pct more tourist visits in November 2024 relative to the same month of last year and the number of overnight stays was up by 6.1 pct y-o-y, according to figures released by the national statistical office.

Overnight stays by Serbian tourists were up by 0.4 pct y-o-y, while those generated by foreign tourists were up by 11.8 pct y-o-y.

 

Vucevic: Serbia must continue to work, Novi Sad tragedy has left burden, pain

BELGRADE - Serbian PM Milos Vucevic said on Wednesday the standard of living in Serbia was incomparably better than it had been in the past but that the country must continue to work and develop after achieving excellent economic results in 2024.

Vucevic noted that the November 1 railway station tragedy in Novi Sad had left a burden on the nation and caused pain.

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