The most comprehensive coverage of business news from Serbia
Issue no. 3179 - Belgrade, Tuesday Dec. 23, 2014
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•  2015 budget bill envisages RSD 191.3 billion total deficit “leading to overall expected general government deficit of RSD 232 billion.”
•  Reorganization plan for gas company Srbijagas envisaging vertical integration, ownership unbundling should be adopted at next government session, energy minister says.
•  Germany’s EES Group, Vrnjacka Banja ink cooperation agreement on building three small hydro power plants on Zapadna Morava river in EUR 60 million investment.
•  Some 1,000 education workers protest wage cuts in Belgrade threatening not to issue semester report cards, as line minister rules out such scenario.

•  Canada’s new ambassador hands letter of credence to Serbian president.

•  Fiscal Council chairman says 2015 budget should lead to downsizing public sector jobs by 5%, as watchdog welcomes planned structural adjustment.
•  European Investment Fund, UniCredit Bank Srbija ink deal on guarantees for SME lending to enable EUR 30 million in loans over two years.
•  Government strikes deal with NIS to supply state petrochemical producer Petrohemija with gas from domestic sources at lower price, energy minister says.
•  Arms maker Zastava Oruzje gets new GM, former remains aboard, as tax, financial police start checking company’s operations.
•  Ammunition maker Prvi Partizan unveils EUR 3.7 million cartridge case plant, creates 300 jobs.
•  Fruit processor Budimka draws 21 potential suitors, including China’s Shandong Art Agriculture.
•  Strategy to support SMEs, entrepreneurship, competitiveness “should be adopted in early 2015.”
•  Vip mobile starts selling iPhone smartphones.
•  Dinar declines slightly against euro.
•  NIS to buy EUR 500,000 state-of-the-art software for analyzing oil and gas in Pannonian Basin.
•  Sojaprotein, Victoria Logistic get Danube Soya certificate of non-GM soybean crop production, processing.
•  Purchasing power goes up slightly in October.
•  Serbia sells RSD 3.03 billion worth of 53-week T-bills in reopening of November 4 issue.
•  Belgrade stocks rise for 2nd day on Monday.
•  BSE indexes go down last week.

Country Currency Median Exchange rate (CSD)
EU 1 Euro 121.2852
Australia 1 Dollar 80.8460
Canada 1 Dollar 85.4121
Denmark 1 Crown 16.3018
Japan 100 Yen 82.8394
Norway 1 Crown 13.4772
Sweden 1 Crown 12.8249
Switzerland 1 Franc 100.7352
Great Britain 1 Pound 154.9179
USA 1 Dollar 99.0488

Belgrade, Monday Dec. 22, 2014
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Tuesday, December 23
Mostly sunny. Low 5º C. High 14º C.
Wednesday, December 24
Mostly sunny. Low 5º C. High 13º C.
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