With an objective of boosting economic growth, Serbia has slashed interest rate for a consecutive second month. The inflation rate is below the government's target and GDP growth rate was also eased in 2014. The decision of Serbia, the biggest former Yugoslav republic, to slash interest rate for a consecutive second month surprised everyone as it unexpected one both the times.
Tajikistan made the greatest strides in business-friendly reforms in the past year, part of an overall trend of improving business regulations across Eastern Europe and Central Asia, the World Bank said in a report released on Tuesday.
Russia is prepared to invest more than €5 billion in Serbia to back projects centered in the energy and production sectors including lubricant refining, and plant reconstruction projects.
Serbia's committee for economic cooperation would be travelling to the UAE to discuss a loan agreement.
Serbian Deputy Prime Minister Vucic confirms on television that he had asked his friend UAE Crown Prince Mohammed Bin Zayed for a loan.
Etihad Airways announced it will buy a 49% stake in Serbia's losing JAT Airways.
Etihad Airways has forged an agreement with JAT Airways of Serbia.