Serbia's economy is to grow by 3% in 2011, the International Monetary Fund (IMF) said in its April 2011 World Economic Outlook, retaining its growth expectations from the previous edition of the report. The economy is expected to grow by 5% in 2012. Consumer prices are seen growing by 9.9% in 2011, compared to the 5% projected in the previous WEO report, and decelerating to 4.1% in 2012. The IMF expects Serbia's current account deficit to reach 7.4% of GDP in 2011 and ease to 6.6% of GDP in 2012. Unemployment rate is projected to stand at 19.6% in 2011 and rise to 19.8% in 2012. |
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