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UniCredit Serbia reports 40% increase in net profit for H1 2024

UniCredit’s Serbian branch reported a substantial net profit of nearly €109 million (RSD 12.7 billion) for the first half of 2024, reflecting a 40%...

Serbian President announces upcoming public sector salary increases and minimum wage adjustments

In a recent statement from Paris, Serbian Deputy President Aleksandar Vučić revealed plans for a new salary increase for public sector employees, particularly those...

Bankruptcy Administrators announce sale of Lece mine: Starting price €34.5 million

The Agency for Bankruptcy Administrators has announced the sale of the Farmakom MB Group, which includes the Lece Mine located near Medvedja. The estimated...

Serbia secures €80 million loan from EIB for smart meter installation

The European Investment Bank (EIB) has approved an €80 million loan to the Electric Distribution Company of Serbia (EDS) to fund the installation of...

Leasing sector in Serbia sees significant growth in first half of 2024

The Association of Leasing Companies of Serbia (ALCS) announced today that the value of newly concluded financial leasing contracts reached 481.91 million euros in...

National Bank of Serbia reports decline in profit, increases budget contribution

In 2023, the National Bank of Serbia (NBS) reported a profit before taxation of 26.43 billion dinars, with a net profit of 26 billion...

Finance Minister: Serbia’s budget stable with 740 billion dinars

Finance Minister Siniša Mali announced today that Serbia’s budget currently holds 740 billion dinars, with all budgetary payments being made on time. In response...

Optimism for euro credit holders as ECB eases monetary policy

Citizens repaying loans in euros can finally breathe easier as the European Central Bank (ECB) has begun easing its monetary policy by reducing its...
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