The most comprehensive coverage of business news from Serbia
Issue no. 3515 - Belgrade, Thursday, Apr 28, 2016
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•  Outgoing PM says EU, IMF, World Bank set to raise forecasts of Serbia’s GDP growth in 2016 to 2%, authorities mull boosting investment subsidies.
•  Vucic says only SVM certain to enter national government with his SNS-headed camp.
•  German ambassador says Berlin seeks opening rule of law chapters 23, 24 of Serbia’s EU accession talks as early as first half of 2016.
•  Finance Ministry working on draft changes to property tax law likely to envisage higher property tax for businesses from 2017, daily learns.
•  Dinar extends winning run to 3rd day.

•  Serbia registers general government deficit of RSD 16 billion in Q1, down from RSD 53.9 billion ceiling agreed with IMF.
•  Public debt declines to 72% of GDP at end-March.
•  Cornerstone laid for IGB Automotive Comp’s new EUR 4.5 million production facility in Indjija, completion expected by end-September.
•  World Bank hires ex-deputy prime minister Miroljub Labus to carry out functional analysis of Finance Ministry.
•  Calculations show some 24,000 jobs in general government sector should be shed in 2016, Fiscal Council member says.
•  Belgrade, Banja Luka international airports plan to forge strategic partnership.
•  Serbian Development Agency invites applications for total of RSD 90 million in grants to help manufacturing businesses “internationalize” operations.
•  PKS, UNDP ink MoU to improve joint support to overall economic development.
•  Serbia’s top 15 exporters ship EUR 981.1 million worth of goods in Q1, FCA Srbija preserves No. 1 spot.
•  Belgrade airport’s net profit edges down to RSD 3.29 billion in 2015.
•  State rail freight transportation operator Srbija Kargo makes profit of some RSD 40 million in Q1, acting GM says.
•  Posta Srbije logs RSD 858 million pre-tax profit in Q1.
•  Assets of bankrupt flour and pasta maker Fidelinka, its subsidiary Mlinarstvo, to be auctioned at combined call price of RSD 97 million.
•  Generali’s two pension funds report positive return rates at end-2015.
•  Vojvodjanska Banka’s after-tax profit drops to RSD 34.5 million in 2015.
•  BSE indexes decline on Wednesday.

Country Currency Median Exchange rate (CSD)
EU 1 Euro 122.61
Australia 1 Dollar 82.33
Canada 1 Dollar 85.95
Denmark 1 Crown 16.46
Japan 100 Yen 99.31
Norway 1 Crown 13.26
Sweden 1 Crown 13.37
Switzerland 1 Franc 111.49
Great Britain 1 Pound 157.32
USA 1 Dollar 108.14
Thursday, April 28
Possible rain showers. Low 8º C. High 17º C
Friday, April 29
Rain. Low 10º C. High 15º C
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