Serbia's industrial output increased by 3% y/y in January-August 2011, the country's statistics office said. In August alone, industrial output saw a slight drop of 0.3% y/y as well as a decrease of 2.3% compared to the 2010 average. A drop of 1.6% y/y was registered in the manufacturing sector in August, while mining sector and the utilities sector marked an increase of 7.6% and 2.2%, respectively. A 6.2% annual decrease was registered in the production of durable consumer goods in August, while the output of energy dropped by 2.6% y/y. Intermediate goods, capital goods and non-durable consumer goods, on the other hand, rose by 0.4%, 1% and 1.6% y/y in August. |
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