The most comprehensive coverage of business news from Serbia
Issue no. 3224 - Belgrade, Wednesday Mar. 04, 2015
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•  Value added Tax hike “out of question” in current fiscal circumstances, decision on electricity excise tax, price hike to be known by March 20, PM says at Kopaonik Business Forum.
•  Report: US’ Esmark Inc. seeks management service agreement for Serbian steel maker Zelezara despite failed takeover talks.
•  Serbia’s GDP expected to contract in Q1, grow in remainder of 2015, finance minister says at Kopaonik Business Forum, as NBS governor says NPLs to be addressed this year.
•  Air Serbia to launch transatlantic flights in early 2016, supervisory board chairman says.

•  Police complete investigation into torching of embassy buildings in wake of Kosovo’s independence declaration in 2008, charges to be filed over actions, inaction, interior minister says.
•  Serbian war crimes prosecutor’s office indicts five ex-Bosnian Serb army members in 1993 Strpci war crime case.

•  Budget data for January in line with 2015 fiscal framework, comparable to previous years when one-off effects are excluded, Fiscal Council says.
•  USAID Business Enabling Project welcomes adoption of inspections oversight bill by government.
•  Belgrade’s international airport unveils record net profit of EUR 27 million for 2014.
•  Telecom operator Telekom Srbija, power grid operator EMS, arms trader Jugoimport SDPR, Sluzbeni Glasnik among few public enterprises that paid portion of retained earnings to state.
•  Belgrade Land Development Public Agency unveils list of 1,500 locations for which investors owe RSD 26.7 billion in unpaid construction land development fees, city manager says.
•  Government to complete IT sector development plan in next two weeks, economy minister says during visit to Microsoft’s development center in Belgrade.
•  61% of Serbian CFOs feel optimistic about their companies’ financial prospects in next year, Deloitte survey shows.
•  Summit of mayors of CEE capitals to be held on April 23 in Belgrade, mayor says, expects government to adopt bill on expropriation of land for Belgrade waterfront project in coming days.
•  Montenegrin firms interested in privatization of Serbian firms, as Serbia exports EUR 568 million worth of products to Montenegro, imports EUR 50.6 million in 2014, economy minister says.
•  Societe Generale lowers financing costs for students ahead of university enrolments.
•  Dinar declines 0.3% against euro.
•  Belgrade stock indexes up for 2nd day.

Country Currency Median Exchange rate (CSD)
EU 1 Euro 120.4812
Australia 1 Dollar 84.2349
Canada 1 Dollar 85.9843
Denmark 1 Crown 16.1665
Japan 100 Yen 89.8845
Norway 1 Crown 14.0046
Sweden 1 Crown 12.9117
Switzerland 1 Franc 112.2740
Great Britain 1 Pound 165.5189
USA 1 Dollar 107.5821

Belgrade, Tuesday Mar. 03, 2015
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Wednesday, March 04
Chance of rain. Low 3º C. High 12º C.
Thursday, March 05
Rain. Low 2º C. High 4º C.
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