Serbia's economy will rise 0.5% in 2013 and expand by a further 2.5% in 2014, according to a report of Erste Group published on the website of its Serbian unit. In 2013 and 2014 Serbia will thus record considerably slower growth than the average for the region of Central and Eastern Europe, seen at 1.3% and 2.2%, respectively. In Erste's report the region comprises also seven other countries (Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia and Ukraine). The Serbian government sees the economy expanding 2% in 2013, driven by rising car and petrol products sales abroad. The euro-zone crisis, however, remains a major downside risk threatening Serbia's export-led recovery in 2013, while a better-than-expected agriculture season may contribute positively to the GDP growth this year. |
Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more
Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more
Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more