BELGRADE (Reuters) – Serbia’s draft spending plan for 2015, currently being debated by parliament, is “realistic” and should result in savings of 600-650 million euros ($734-795 million), a top economic advisory body said on Tuesday.
Serbia’s Fiscal Council, which advises the government, said it expected next year’s consolidated budget deficit – which includes subsidies and guarantees for state firms and municipal spending – would come in at around six percent of output, or slightly higher than the government’s own forecast of around 5.8 percent.
BELGRADE, Dec 17 (Reuters) – Serbia said on Wednesday it
expected Chinese construction of a new rail link between
Belgrade and Budapest to begin by mid-2015, part of Beijing’s
strategy to accelerate the flow of goods into Europe through the
China, Serbia and Hungary signed a memorandum of
understanding on the 370-km (230 mile) rail route on the second
day of a summit in Belgrade between China and 16 central and
eastern European states.
BELGRADE (Reuters) – Chinese construction of a new rail link between Belgrade and Budapest should begin by the middle of next year, Serbia’s prime minister said on Wednesday, as China pursues plans to accelerate the flow of goods through the Balkans.
China, Serbia and Hungary signed a memorandum of understanding on the 370-km (230 mile) rail route on the second day of a summit in Belgrade between China and 16 central and eastern European states.
BELGRADE (Reuters) – China is preparing a fresh investment push into central and eastern Europe, promising more than $10 billion in loans for energy and infrastructure projects to be discussed in Belgrade this week.
China is seeking a new foothold on the continent, outside the European Union, under a strategy adopted in 2012.
BELGRADE, Dec 12 (Reuters) – As recently as Nov. 21, the
Gazprom subsidiary tasked with building the Serbian leg of
Russia’s South Stream gas pipeline issued a call for mechanics,
builders and welders.
Branko Tasevski was among dozens of businessmen hoping to
get a contract for his Veco Welding Company in the northern city
of Zrenjanin, near the planned path of the 422-km stretch of the
BELGRADE, Dec 11 (Reuters) – Serbia’s central bank kept
interest rates on hold on Thursday in the face of low inflation
and a bleak economic outlook, taking a cautious approach as the
dinar currency weakens daily and with next year’s budget still
in the works.
The decision to keep the benchmark rate at 8
percent was in line with the expectations of 11 of 14 analysts
and traders polled by Reuters this week and last. Three analysts
had predicted a cut of 25 basis points.
BELGRADE, Dec 4 (Reuters) – Electricity workers struggling
through snow, ice and treacherous terrain in Serbia restored
electricity on Thursday to an eastern town shivering without
power, heating or running water for four days.
Majdanpek was cut off from the grid on Monday afternoon as
ice and high winds brought down power lines in the hilly region
near Serbia’s eastern border with Romania.
BELGRADE (Reuters) – Electricity workers in Serbia struggled through snow, ice and treacherous terrain on Thursday to restore electricity to an eastern town left shivering without power, heating or running water for a fourth day.
Majdanpek was cut off from the grid on Monday afternoon as ice and high winds brought down power lines in the hilly region near Serbia’s eastern border with Romania. Power was briefly restored late Wednesday, only to go down again within an hour.
BELGRADE, Dec 3 (Reuters) – Emergency services in Serbia
worked to restore power on Wednesday to an eastern region left
without electricity, heating or running water for a third day by
a cold snap that brought down power lines.
Authorities said they hoped to restore power to some 5,000
people in the municipality of Majedanpek during the day, having
previously promised power would be back on Tuesday evening.
BELGRADE (Reuters) – A multi-millionaire gas tycoon who is wanted by police in his native Ukraine and blacklisted by the EU was briefly granted citizenship in Serbia, only for the government on Friday to reverse a decision that risked drawing fire from the West.
The strange case of 29-year-old Serhiy Kurchenko appeared to highlight the power of connections in the Balkan country, a candidate for membership of the European Union but with close ties to Russia.