Serbia's budget deficit stood at RSD 54.1bn in Jan-May 2011, with revenues of RSD 273.7bn and expenditures of RSD 327.8bn, the country's finance ministry informed. VAT payments and excise payments were the largest contributors to budget revenues with RSD 135.3bn and RSD 53.9bn, respectively. Spending on salaries stood at RSD 81.6bn and social contributions amounted to RSD 110.5bn. In May alone, budget revenues were RSD 60bn, of which RSD 53.5bn were tax revenues. Serbia's 2011 budget envisages overall revenues of RSD 726.4bn, expenditures of RSD 846.9bn and a deficit of RSD 120.5bn. |
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