Real GDP growth in the second quarter of 2011 stood at 2.2% y/y, according to a flash estimate of Serbia's statistics office. The final GDP data for the second quarter will be released on September 30. Serbia's GDP rose by 3.4% y/y in real terms in the first quarter of 2011. The transport sector registered the biggest growth of 9.8%, followed by the electricity, gas and water supply sector with 7.5%, manufacturing with 6.2% and finance and insurance with 6.2%. The construction sector marked the steepest decline, dropping by 2.9%. Seasonally adjusted data show that GDP growth in Jan-Mar 2011 was 1.5% compared to the last quarter of 2010. |
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