Archive for the ‘Economics’ Category
Thursday, July 8th, 2010
Serbia's currency, the Dinar, is loosely pegged to the Euro so when Euro recently dropped Serbia's so-called "businessmen" were in an uproar demanding that the Central Bank artificially raise Dinar's value in order to assure "businessmen's" profits.
From the mouth of the Komtrejd owner whose firm produces nothing but engages in ...
Posted in Economics, Serbia | Comments Off
Tuesday, April 28th, 2009
Serbian central bank Governor Radovan Jelasic told the IMF and World Bank panel that he sees economic gloom for Serbia in 2009 that will extend over into 2010.
"What do I expect at the end of 2009?" asked the Governor rhetorically in his speech to the panel titled Global Crisis in ...
Posted in Economics | Comments Off
Wednesday, March 25th, 2009
Last week, Serbia's economist Stojan Stamenkovic warned that Serbia faces bankruptcy.
"Serbia needs to do everything so it can maintain its foreign currency liquidity because without that there is a threat like in 1980 when the country went bankrupt," Stamenkovic told Serbia's daily Politika.
Yesterday, Serbian Minister for Economy, Mladjan Dinkic, told ...
Posted in Economics | Comments Off
Saturday, February 21st, 2009
After publishing the warning Moody's credit rating agency issued on Austria's Raiffeisen bank, the owner of the Serbian media outfit Kurir became a target of personal attacks by the Deputy President of the Raiffeisen Bank Executive Board, Zoran Petrovic, who exposed private information about the owner that, to be nice, ...
Posted in Economics | Comments Off
Monday, October 20th, 2008
On Friday, Serbian central bank governor Radovan Jelasic held another presentation on the effects of the global financial crisis on Serbian banking and he used the opportunity to admonish reporters for stirring up panic that is costing the economy.
"Inaccurate and incomplete reporting on global financial market developments," says Jelasic has ...
Posted in Economics | Comments Off
Tuesday, October 7th, 2008
In the past few days, Serb central bank has spent 50 million Euros buying up its own currency amid reports that there is a great deal of demand for foreign currency.
An economist Goran Nikolic tells Serbian daily Glas Javnosti that the 50 million spent is a dramatic action and says ...
Posted in Economics | Comments Off
Monday, October 6th, 2008
States and countries have became the latest victims of the financial hemorrhaging that is sweeping the globe.
Over the weekend the debt laden California is seeking emergency loans from Washington in order to avoid bankruptcy while Iceland is doing the same kind of begging from their neighbors to rescue them from ...
Posted in Economics | Comments Off
Sunday, December 9th, 2007
In a blow to the General Motors, French Renault is entering a strategic partnership with Russia's AvtoVAZ by being awarded a right to buy 25% of Russia's auto giant AvtoVAZ.
AvtoVAZ is owned by Rosoboronexport which is Russia's weapons trading agency while the Chairman of AvtoVAZ is Sergei Chemezov who is ...
Posted in Economics | Comments Off
Monday, November 19th, 2007
Back in April, we talked here about the forming bubble in the Serbian stock market: a rapid price rise in share prices that is not substantiated by a corresponding rise in profits. In most cases, bubble are apparent with a parabolic pattern of the stock market price index as noted ...
Posted in Economics | Comments Off
Wednesday, November 7th, 2007
Economic times seem to travel backward in Serbia: it was in the past, in 1989, when Serbian per capita income exceeded today's and Serbia is relentlessly raising its wages in order to catch up to the past.
This, in the nutshell, is what the finding has been by the IMF whose ...
Posted in Economics | Comments Off
