Serbia's retail sales contracted by a real 16.7% last year after shrinking 0.9% in 2010, the statistics office said. The 2011 drop in nominal terms was 7.3% versus a 7.2% nominal increase a year earlier, the office said in a statement. In December alone, retails sales fell by 16.5% y/y in constant prices after decreasing a real 16.4% in November. On a monthly basis, December retail sales rose a real 13.2% after climbing 7.4% in November. In nominal terms, retail sales fell by an annual 9.9% and rose by a monthly 12.7% in December.
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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