BRNABIC: Another Budget Rebalance Possible

Monday, 18. Maj 2020.

Serbian Prime Minister Ana Brnabic stated yesterday that no investor had canceled their arrival and that new employments were expected, and she also announced the possibility of another budget rebalance in 2020.

After visiting the Science-Technology Park in Belgrade, Brnabic told the press that she was satisfied with the state budget, but that the revenues were understandably lower than usual. She added that they were still better than the revenues projected at the beginning of the COVID-19 crisis.

The prime minister said that, in March, Serbia had a growth of 5-5.2%, which gave hope that the year could end with a minimal economic drop of 1.8% or even a slight growth.

As she added, a considerable drop will be posted for April, which can already be seen from indicators such as the consumption of electricity and the budget revenues, whereas in May, according to her, the economy restarted, faster or slower, depending on the sector.

– I am sorry that we were forced to slightly limit our budget, which is very investment-oriented this year, but we have continued all the main infrastructure projects and projects in the domain of research and development. The budget for the governments priorities remains unchanged – Brnabic said.

She announced the possibility of a budget rebalance, depending on the revenues. As the situation is favorable at the moment, as she says, this will not happen immediately.

Brnabic also said that local companies and foreign investors had unanimously praised the Government of Serbias measures for the recovery of the economy in the amount of 11% of the GDP, or more than EUR 5 billion.

– So far, no one has canceled, there have been no postponements of the dates of arrival, the facilities are supposed to open and I expect that there will be more jobs. That is what we base our moderate optimism for 2020 on – Brnabic said.

Source: eKapija

22. Maj 2020.
ATANACKOVIC: Projection of GDP Drop of 1-2% in Serbia Too Optimistic

19. Maj 2020.
Difficulties Related to Nord Stream 2 Could Raise the Price of Gas

15. Maj 2020.
Sveti Stefan Hoteli Sells 1.1 Million Shares at Montenegroberza

14. Maj 2020.
Air Serbia Starts to Resume Regular Passenger Traffic

13. Maj 2020.
NBS Expects 1.5% Lower GDP This Year

12. Maj 2020.
Inflation in Serbia 0% in April Compared to March

11. Maj 2020.
Construction of Factory of South Korean Company Kyungshin Cables Soon to Start in Smederevska Palank

10. Maj 2020.
List of Systematically Important Banks in Serbia Established

08. Maj 2020.
Air Serbia to Resume Scheduled Passenger Transport on June 1

08. Maj 2020.
Investment Fund for Investments in Bitcoins to be Founded in Croatia

07. Maj 2020.
NBS: Key Policy Rate Kept at 1.5%

06. Maj 2020.
EC Forecasts GDP Contraction of 4% in Serbia This Year, Rebound of 6% Next One

06. Maj 2020.
EIB to Finance Public Investments, Banks and Enterprises – Serbia to Get Most in Western Balkans?

05. Maj 2020.
Budget Deficit in Q1 at RSD 46.9 Billion

05. Maj 2020.
Public Debt of Serbia in March at 51.9% of GDP

30. Apr 2020.
Nationalization of Air Serbia Possible

29. Apr 2020.
EU Announces EUR 3.3 Billion of Support for Western Balkans

28. Apr 2020.
TABAKOVIC: GDP Drop to be Lower than Projected by IMF

27. Apr 2020.
Air Transport Could be Reinstated in Serbia on May 1

23. Apr 2020.
Air Serbia Loses More Than EUR 35 Million Due to Pandemic

21. Apr 2020.
Payment of Corporate Loans Begins – EUR 2 Billion Available Through Development Fund

16. Apr 2020.
NBS Recommends Postponement of Payment of Due Premium

13. Apr 2020.
EBRD to Help Companies in Europe with EUR 3 Billion – Serbia to Get 700 to 750 Million Euros

12. Apr 2020.
Serbia not to Take Financial Help from IMF

09. Apr 2020.
World Bank Projects 0.5% Drop of Serbias GDP, More than 4% in Europe

08. Apr 2020.
Government Adopts Decree on Additional Borrowing During State of Emergency

07. Apr 2020.
Sinisa Krneta, Director of Belgrade Stock Exchange – Capital Market as Cure for Coronavirus Crisis

05. Apr 2020.
CARIC: Banks Better Prepared for Crisis Than in 2008

03. Apr 2020.
Banks Not Exempt from Measures of Aid to the Economy, Considered Large Companies