The most comprehensive coverage of business news from Serbia
Issue no. 3929 - Belgrade, Friday, Dec 15, 2017
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•  Serbia’s budget for 2018 passes parliament.
•  Media monitoring-to-market research company Ninamedia buys business news provider Executive Newsletter.
•  Lawmakers approve raising pensions, public sector wages from January, decide to keep public sector hiring freeze in 2018.
•  Nontaxable monthly pay to go up to RSD 15,000, minimum hourly wage to RSD 143 on January 1.
•  Vucic to meet Raul Castro today as Serbian delegation launches two-day visit to Cuba.

•  Israeli ambassador hopes all countries will follow US’ example regarding Jerusalem.
•  New law on prevention of money laundering and terrorism financing passes parliament.

•  Parliament passes changes to bankruptcy law.
•  Introduction of public sector pay grades postponed to January 1, 2019.
•  Parliament approves changes to labor law.
•  Lawmakers pass legislative changes to support startups in first years.
•  Serbia pushes back deadlines to repay EUR 310 million in “old” forex savings held by citizens of ex-Yugoslav republics at branches of Serbia-based banks.
•  Daily: shareholders decide to sell 55% of Gorenjska Banka to Serbia’s AIK Banka.
•  Croatian food company Atlantic Grupa takes over distribution of Red Bull in Serbia, deal valued at EUR 4.5 million.
•  Changes to law on administrative fees pass parliament.
•  First-time home buyers to get VAT refund for mortgaged properties.
•  Changes to law on commercial payment deadlines expected to prevent abuses in public sector’s payments for goods, services supplied by private firms.
•  New bill on financial assistance to families passes parliament, grant for first-born raised to RSD 100,000.
•  Parliament ratifies EUR 100 million in World Bank lending for Serbia’s infrastructure efficiency in transportation, energy sectors.
•  Serbia, Tunisia sign air traffic agreement, seek to boost trade from USD 42 million in 2016.
•  Government adopts bill to ratify air traffic agreement with Morocco.
•  Quarterly Monitor: Serbia’s economic growth to be less than 2% in 2017, could achieve some 4% in 2018.
•  Slovenian brokerage Ilirika takes over Serbian peer Wise Broker for undisclosed amount, Slovenian daily writes.
•  Economy Ministry official invites Russian companies to take interest in Serbia’s privatization portfolio, including chemical firms Petrohemija, Azotara, MSK.
•  Daily: Mining and Energy Ministry budgets RSD 1 billion in 2018, 2019 for construction of new wastewater collection system at state copper miner RTB.
•  Food Group wins RSD 1 million prize for smart, energy-efficient cooling system in Societe Generale’s Generator entrepreneurial innovation competition.
•  Workshop starts at APR to discuss EBRD’s project to develop regional business registries portal.
•  Dinar rises 0.2% against euro on Thursday.
•  Belgrade stocks gain ground on Thursday, as bonds continue to dominate trading.

Country Currency Median Exchange rate (CSD)
EU 1 Euro 119.29
Australia 1 Dollar 77.67
Canada 1 Dollar 79.22
China 1 Yuan 15.32
Denmark 1 Crown 16.02
Japan 100 Yen 90.24
Norway 1 Crown 12.21
Russia 1 Ruble 1.72
Sweden 1 Crown 11.99
Switzerland 1 Franc 102.45
Great Britain 1 Pound 136.06
USA 1 Dollar 101.22

Belgrade, Friday, Dec 15, 2017
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Friday, December 15
Possible rain. Low 8º C. High 16º C.
Saturday, December 16
Possible rain. Low 5º C. High 9º C.
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