CEVES
April 30, 2008
Bulgarian Investments in Serbia
Recent Trends
Bulgarian investments in Serbia, although still limited, are increasing in the last couple of years. From 2002 to 2004 Bulgarians companies have invested about 10 million dollars in Serbia, while from 2005 to 2007 this increased to as much as 100 million dollars . In 2007 Bulgarian investments in Serbia made up 1.7% of total foreign investments in Serbia. Biggest investments from Bulgaria were recorded in 2007, when they amounted to 58 million dollars.
Serbia is becoming an increasingly interesting destination for Bulgarian investments. According to the Bulgarian...
March 28, 2008
Quarterly Monitor of Economic Trends and Policies in Serbia, October-December 2007 (QM11)
When the macroeconomic trends broken down to economic growth, inflation and current account of the balance of payments over the whole of 2007 are observed, the impressions for each of the items are quite different. GDP growth was very high (7.2%), which is certainly good news. Total inflation was in the double digits (10.1%), but core inflation (5.4%) remained within the NBS band of 4% to 8%; hence the assessment of the achieved result is neutral. The current account deficit is the Serbian economy's most grievous problem, and 2007 saw it worsen further to an annual 16.7% of...
December 3, 2007
Belgrade Residential Property Index (CRRIBS)
CEVES has started to regularly monitor apartment sales prices in Belgrade. For this purpose, CEVES’ economists developed the CRRIBS index (CEVES Residential Real estate Index Belgrade). The data used to calculate this index are generated from a large number of real estate agencies in Belgrade, and this is the first time we publish its values, with the purpose of showing the general trend of apartment sales prices in Belgrade.
The index is still under development, and is being generated through two different...
December 1, 2007
Quarterly Monitor of Economic Trends and Policies in Serbia, July-September 2007 (QM10)
The draft 2008 budget does not provide for sufficient cuts in public spending. The trade deficit remains the basic structural problem of the Serbian economy. The dinar grew stronger in the course of 2007 and inflation accelerated, though the likelihood of its running out of control is slight. These, among others, are the issues we deal with in this issue of QM.
Section Spotlight on brings important macroeconomic issues: (1) Causes and consequences of the current account deficits in Serbia; (2) Opportuneness of introducing a global income tax system, and (3) Monetary policy...
October 3. 2007
Quarterly Monitor of Economic Trends and Policies in Serbia, April-June 2007 (QM9)
Q2 2007 was more important for what it sowed than for what actually went on in the economy. This was a quarter when the 2007 Budget was passed, with a delay because of the formation of the new government. Immediately after that, a government Memorandum on the Budget, Economic and Fiscal Policy in 2008 was adopted. The 2007 Budget envisages a major rise in wages and public investments until the end of the year.
This not very welcome fiscal expansion is the result mainly of obligations undertaken legally by the previous government. The new government's Memorandum announces a...