Aleksandar's Feed
Aug 20, 2015

Serbia seeks IMF backing for pay, pensions hike before possible election

BELGRADE, Aug 20 (Reuters) – Serbia will seek the backing of
the International Monetary Fund to raise pensions and public
sector wages during a loan review beginning on Thursday, with
the government hinting at a snap election early next year.

The conservative-led government of Prime Minister Aleksandar
Vucic cut pensions and wages late last year as part of a
belt-tightening drive to clinch a 1.2 billion-euro ($1.3
billion) standby loan deal with the IMF.

Jul 7, 2015

Serbia government agrees to send PM to July 11 Srebrenica commemoration

BELGRADE (Reuters) – Serbia’s Prime Minister Aleksandar Vucic said on Tuesday his government unanimously agreed to send him to a July 11 commemoration of the 1995 Srebrenica massacre, hours after the United Nations Security Council postponed debate over a resolution to mark the 20th anniversary.

“Tonight the government unanimously made a decision … that if the conditions are met, that I will represent Serbia in Srebrenica on July 11,” Vucic told a news conference in Belgrade.

Jul 7, 2015

Srebrenica resolution would widen divisions in Bosnia, Serbs tell U.N.

BELGRADE/SARAJEVO (Reuters) – Serbia warned that a resolution commemorating the 1995 Srebrenica massacre, which the United Nations Security Council is due to discuss on Tuesday, would only widen ethnic divides in neighbouring Bosnia.

The British-drafted resolution condemns what it describes as the genocide at Srebrenica and any denial of the genocide. That has angered Serbia and Bosnian Serbs, who have branded it as “anti-Serb” and sent a letter of protest to the United Nations.

Jul 7, 2015

Serbia central bank to hold benchmark rate on Greek worries

BELGRADE, July 7 (Reuters) – Serbia’s central bank will
probably keep its benchmark rate on hold this week because of
market worries over the Greek debt crisis, although a weak
economy, low inflation and the stable dinar could justify
further cuts, a Reuters poll showed.

Last month, the bank cut the rate by 50 basis points to six
percent, as disinflationary pressure outweighed uncertainties
abroad.

Jul 1, 2015

Among meadows and cherry trees, the new migrant gateway to Europe

SERBIAN-HUNGARIAN BORDER (Reuters) – Covered in mosquito bites from nights spent out in the open, two girls from Syria, one six and one eight, lay on blankets in a grove of cherry and apricot trees in northern Serbia waiting for the next leg of their long journey to begin.

In a few hours, the girls, in matching gray track suits with the word “Hollywood” in blue lettering across the chest, would set off with a group of other migrants to try to cross illegally into Hungary.

Jun 19, 2015

Serbian PM ready to attend 20th anniversary of Srebrenica

BELGRADE (Reuters) – Serbia’s prime minister, an ultra-nationalist during the Yugoslav wars of the 1990s, said on Friday he was willing to attend the 20th anniversary commemoration of the Srebrenica massacre and bow his head to the more than 8,000 victims.

Aleksandar Vucic’s attendance at the July 11 ceremony in eastern Bosnia will mark a highly symbolic moment in the Balkan region’s recovery and reconciliation after wars that killed some 135,000 people during the breakup of Yugoslavia.

Jun 15, 2015

Serb president cancels Bosnia trip amid row over commander’s arrest

BELGRADE (Reuters) – Serbian President Tomislav Nikolic canceled his first official visit to Bosnia on Monday after a Muslim Bosniak member of the country’s inter-ethnic presidency opposed it over the arrest of a wartime Bosniak commander.

Swiss police last week arrested Naser Oric on a Serbian arrest warrant over his role in the alleged killings of Serbs around Srebrenica during Bosnia’s 1992-95 war. Oric is currently being detained, pending extradition, which he will contest.

Jun 11, 2015

Serbia to raise power prices by less than initially agreed with IMF

BELGRADE, June 11 (Reuters) – Serbia’s government said it
approved a 12 percent increase in electricity prices on
Wednesday, slightly less than agreed in a precautionary loan
deal with the International Monetary Fund.

Under the 1.2 billion euro ($1.4 bln) loan deal, approved in
February, Serbia was due to raise electricity prices by 15
percent as of April to make its power utility, EPS, profitable
and wean it off the state budget.

Jun 8, 2015

Tipple of Roman emperors, Serbian wines make a comeback

SREMSKI KARLOVCI, Serbia, June 8 (Reuters) – Legend has it
that Roman Emperor Marcus Aurelius Probus never let his soldiers
sit idle, so in peacetime he put them to work planting vineyards
in the rolling hills of Alma Mons, present-day Fruska Gora in
northern Serbia.

Over the centuries, winemaking became a noble and lucrative
business across the western Balkans. Two world wars,
communist-era neglect and a decade of turbulence at the close of
the 20th century devastated the industry, but in Serbia there
are green shoots of revival.

Apr 9, 2015

Serbian rates cut for second straight month on low inflation

BELGRADE, April 9 (Reuters) – Low inflation, a weak economy
and a rebounding dinar led Serbia’s central bank to cut its
benchmark for the second time in as many months on Thursday,
lowering the rate by 50 basis points to 7.0 percent.

Ten of 16 bankers and analysts polled by Reuters
this week and last had predicted the bank would cut the rate
, still the highest in the region. Six said it would
remain unchanged.