Serbia's annual GDP down 1.8 percent
BELGRADE -- Serbia's GDP at constant prices in 2014, obtained as the sum of four quarters, decreased by 1.8 percent, compared to 2013, the Statistical Office said.
The real fall by quarters in 2014, compared to the same quarters of the previous year, equaled to: the first quarter 0.2 percent, the second quarter 1.2 percent, the third quarter 3.8 percent and the fourth quarter 1.8 percent.
According to seasonally adjusted GDP data, the economic performance increased by 0.4 percent in the fourth quarter of 2014, as compared to the previous quarter.
Observed by activities, in the fourth quarter of 2014, compared to the same quarter of the previous year, significant real fall in the gross value added was recorded in the sector of industry and water supply, sewerage, waste management and remediation – 9.0 percent and the section of wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage and accommodation and food service activities – 1.3 percent.
Significant real growth in the gross value added was recorded in the section of construction – 8.5 percent.
At the same time, Serbia's industrial production in January 2015 went down by 2.4 percent compared to January 2014, and 8.6 percent in relation to the 2014 average.
Observed by sections, January 2015 compared to January 2014 recorded a downward trend in the sectors of mining and quarrying (18 percent), and electricity, gas, steam and air conditioning supply (13.6 percent), while the manufacturing sector noted a growth of 5.3 percent.
The industrial production volume in January 2015, compared to January 2014, expressed the following trends: fall in 15 divisions that amount to 54 percent of the industrial production, and growth in 14 divisions that amount to 46 percent of industrial production.
The main causes of industrial production fall in January 2015 compared to January 2014 are generation of electricity, mining of coal, mining of metal ores, manufacture of motor vehicles and trailers and manufacture of chemicals and chemical products.
Wednesday 25.02.2015 | 16:15 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Banks will have to offer their clients the option to convert Swiss franc-indexed housing loans to euro-denominated loans.
Wednesday 25.02.2015 | 11:25 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The tendency of increase of Serbia's public debt reported in January "will not continue in February," Finance Minister Dusan Vujovic has said.
Tuesday 24.02.2015 | 17:13 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Dusan Vujovic said on Tuesday the fundamental goal of the new three-year arrangement with the IMF was to reduce the public debt share in GDP by 2017.
Tuesday 24.02.2015 | 15:35 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The arrangement with the IMF is a positive signal for potential investors looking to place their funds in Serbia, the central bank (NBS) has said.
Tuesday 24.02.2015 | 14:08 | Source: B92, Tanjug | Comments: (2) | Send comment
BELGRADE -- Aleksandar Vucic on Tuesday chaired the 100th meeting of his cabinet and remarked that Foreign Minister Ivica Dacic "could attend more often despite his trips."
Tuesday 24.02.2015 | 10:44 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Consumer prices in Serbia fell 0.2 percent in January, according to a release from the Statistical Office of the Republic of Serbia (RZS).
Tuesday 24.02.2015 | 09:42 | Source: B92, RTS, Tanjug | Comments: (1) | Send comment
WASHINGTON -- The Executive Board of the IMF had decided to approve a three-year stand-by arrangement with Serbia, the public broadcaster RTS reported.
Monday 23.02.2015 | 11:20 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- The Serbian dinar (RSD) grew by 0.6 percent on Monday against the euro (EUR) with official middle exchange rate at RSD 120.4658.
Monday 23.02.2015 | 09:22 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Aleksandar Vucic says he expects the IMF Executive Board will grant Serbia a precautionary arrangement at its meeting on Monday.
Friday 20.02.2015 | 13:04 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Zelezara Smederevo issued a public call in Belgrade-based daily Politika on Friday for a new management open until March 6.
Thursday 19.02.2015 | 16:42 | Source: Tanjug | Comments: (3) | Send comment
BELGRADE -- Serbia's public debt on February 18 totaled around EUR 23.508 billion, which is by about EUR 315.5 million more compared to the figures from December 31, 2014.
Thursday 19.02.2015 | 09:16 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Privatization Agency has refuted a statement made on Wednesday by Chairman and Chief Executive Officer of Esmark Europe BV James Bouchard.
Wednesday 18.02.2015 | 14:01 | Source: Tanjug | Comments: (30) | Send comment
BRUSSELS -- The EU is ready to talk with the Serbian government concerning the restructuring of Zelezara Smederevo steel mill, Tanjug said it learned from a spokesperson.
Wednesday 18.02.2015 | 13:48 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- With good will and good management, we will keep Zelezara Smederevo running for years, Serbian Economy Minister Zeljko Sertic said.