Serbian Government to increase pensions and public sector wages

A five percent increase in pensions will be implemented in Serbia starting January 1, while public sector salaries will grow ten percent.Prime Minister Ana...

Tesla fired hundreds of employees in past week – report

Luxury electric vehicle maker Tesla Inc fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on...

ECB made almost €8bn from Greece’s financial crisis

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times.A...

Serbia and Turkey sign 12 agreements, ready 4 more

President Aleksandar Vucic said on Tuesday that a total of 16 "very important" agreements will be signed with Turkey during the visit of the...

Russia confirms sale of S-400 missile systems to Saudi Arabia

The Kremlin has confirmed the sale of the Russian-made S-400 air defense missile system to Saudi Arabia. Experts say this means Riyadh, traditionally a...

Mihajlovic: Rail link between Serbia and Greece to be modernized

The modernization of the railway Corridor 10 is of strategic interest for Serbia, says Minister of Construction, Transport and Infrastructure Zorana Mihajlovic.Mihajlovic, who is...

Sanctions against Russia have cost EU €30bn – research

New research by the Austrian Institute of Economic Research (WIFO) suggests the EU’s economic sanctions against Russia introduced three years ago have cost European...

Mihajlovic: Nis-Pristina highway construction to start next year

Works to build the first section of the Nis-Merdare-Pristina highway - from Nis to Plocnik - will begin next year.This is according to a...

Slovenian NLB Bank laundered money for Mickey Mouse and Donald Duck?

Slovenia’s money-laundering office has opened an investigation into claims by opposition parties that the country’s biggest state-owned bank, Nova Ljubljanska Banka (NLB), may have...

VW slapped with new $3bn penalty over diesel emissions scandal

German car maker Volkswagen will pay an additional €2.5 billion ($3 billion) fine for installing emissions cheating software in its diesel vehicles. The scandal...

Japanese company Yazaki opens factory in western Serbia

Japan's Yazaki company on Tuesday opened a factory in the Sabac industrial zone, in western Serbia.The 30,000 sq-meter plant will produce cable sets for...

Serbia moves up in Global Competitiveness Index

Serbia is up 12 places in the latest the World Economic Forum's 2017 Global Competitiveness Index (GCI).Serbia ranks 78th out of 138 countries, it...

Euro dips after Angela Merkel’s hollow victory

The euro slipped on Monday following the German election that saw Angela Merkel win a fourth term but with a worse-than-expected result as her...

Soskic: Serbian Dinar should not have strengthened this much

Economics professor Dejan Soskic says the main reason behind the strong Serbian dinar (RSD) is the country's restrictive monetary policy."We had inflation that was...

Google to acquire HTC’s Pixel smartphone division

Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp that develops the U.S. firm’s Pixel smartphones,...

JP Morgan: Bitcoin is fraud and will blow up

The CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail.“The currency isn’t going to work. You...

Agreement reached on increasing minimum wage to EUR 1.2

The minimum labor cost in Serbia will be increased to RSD 143 (EUR 1.2) per hour, starting in 2017.This is according to the president...

Ljajic: WTO membership would be important step forward in EU accession

Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications Rasim Ljajic spoke on Thursday with EU Delegation to Serbia head Sam Fabrizi.Their conversation...

AQOS – Supercar made in Serbia

AQOS is the company engaged in design, research and production of cars. AQOS Technologies was founded in Belgrade, Serbia, as a company to be...

EU Launches €2mln Propaganda Campaign to Counter Dwindling Support in Serbia

The European Commission has earmarked over 2 million euros for a pro-EU propaganda campaign in Serbia in the face of dwindling support for European...

Bitcoin price surpasses $5K for first time

The price of Bitcoin surpassed $5,000 for the first time, reaching a historic new high for the cryptocurrency, before quickly dipping back below the...

Serbia: GDP grows 1.3 pct in second quarter

Serbia's GDP grew in real terms and year-on-year by 1.3 percent in the second quarter, Beta has reported, citing the state Statistical Office.Relative to...

Brnabic: Minimal wage to be increased

Prime Minister Ana Brnabic announced on Thursday that the minimum labor price that is currently being negotiated will be increased.An increase in the non-taxable...

More than 350,000 people in Serbia working for less than €200

The Serbian government’s Social and Economic Council, unions and the Serbian Association of Employers, have launched negotiations over the minimum wage for 2018. Labour...

Galenika offered to buyers for one euro

The Ministry of Economy has called a tender to sell a 93.7 pct owned stake in the Belgrade-based Galenika pharmaceuticals, with one euro as...

IMF: 7th review of SBA with Serbia completed successfully

The IMF Executive Board has completed the seventh review of Serbia’s current stand-by arrangement (SBA) and concluded its Article IV consultations with Serbia.The National...

Serbia looks for way out of SAA commitment on sale of land

The Serbian National Assembly will on Thursday start a new extraordinary session, whose agenda contains the draft amendments to the Law on Agricultural Land.These...

China’s Great Wall confirms interest in Fiat

China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming reports it...

Soros continues betting against US stock market

US regulatory filings show George Soros is still investing in options that will profit him only if the stock market they are linked to...

Serbia: Damage to crops from drought to exceed USD 1bn

The drought has reduced agricultural output by about 20 percent compared to the average annual yield, and by 30 percent compared to the previous,...
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