"I have been mentioning for some time that the indebtedness of the citizens in Serbia is very high," Goran Radosavljević, a professor at the FEFA faculty, told "Vreme". And they borrow for the wrong reasons - for current consumption, not investment
Let it be assumed that the economy has reduced investment efficiency by 20 percent and that investment in it is burdened by corruption extortion of 15 percent. The effective investment in that economy will amount to only 75 million euros, which will be the amount of the actual addition to the relevant capacities, since the entire 25 million will be absorbed by corruption and inferior efficiency. In some other economy, which is assumed to meet the standard criteria of efficiency and is not burdened by corruption, there will be no such erosion of the invested amount and the addition of capacities will also be intact. It will amount to all 100 million, which is the assumed loan
Nouriel Roubini (pictured) was among the few who predicted the global credit and financial crisis of 2008. Although he spoke about it publicly, no one took him seriously. Now he says something similar in the book Megathreats. Will anyone take him seriously this time? Threats are global in nature, which means they can affect the entire planet. What kind of public policies should Serbia lead in order to avoid or reduce their harmful consequences
Serbia owes 3,438 billion euros, based on loans to foreign governments, while the debt to the Chinese Export-Import Bank is 2,518 billion euros
Before the data on inflation in Serbia were published on the website of the Republic Institute of Statistics, Minister of Finance Siniša Mali presented them publicly as a result of the work of the ruling party. Economists claim that our politicians have always been privileged in using public data, but this should not be normal
Since the pandemic in March 2020, our fiscal policy has increasingly been characterized by indiscriminate and one-time spending, and less and less by spending aimed at solving long-term problems. What could be the consequences of such spending for other public policies, especially for social, family and demographic policies
On Thursday, the weekly "Vreme" publishes a major worldwide study on the journey of octopuses from the ocean to the plate and the consequences of our appetite
In the last 11 years, the public debt has increased from 15,3 to 35,6 billion euros, and a particular problem is that, despite the claims of the Minister of Finance that "we use loans for multi-year investments, not for consumption", of the new 20 billion euros of debt, only 6 billion euros were invested in infrastructure, while the remaining 14 billion were spent or evaporated. It's like if you took a loan of 20 euros from the bank, then for 6 euros you repaired the roof and replaced the windows on the house, and 14 euros were spent on food and drink. The problem is that you have to pay back the entire debt of 20 euros, with interest
Our country has become so deformed institutionally that it has become - let Djilas's expression be used here - a fateless country
Special benefits for reprogramming are provided for beneficiaries of social benefits and pensioners
"I'm afraid the prices are here to stay and we'll have to get used to them." Inflation has eaten an average of 40 percent of our standard in the last three years," says Goran Radosavljević, professor of the Faculty of Economics, Finance and Administration.
The Moody's agency maintained Serbia's credit rating at the Ba2 level and assessed that the prospects for its further increase are stable, the National Bank of Serbia announced. It has little to do with the standard of citizens
From Wednesday, September 13 to December 31, the prices of 20 types of products in retail chains managed by 10 companies will be reduced, Minister of Trade Tomislav Momirović announced on his Instagram account. After the meeting of ministers and representatives of trade companies, the President of Serbia, Aleksandar Vučić, listed the old and new prices of certain products
The price increase proposal includes, in addition to fuel and coffee, tobacco products, alcoholic beverages, as well as liquids for filling electronic cigarettes
On the basis of the agreement on special and parallel relations, Serbia has invested more than one billion euros in Serbia since 2014, while Serbia and the Republika Srpska jointly invested about 2,1 million convertible marks (1,07 million euros) in the construction of kindergartens. broadcast by RTS
Experts announce that the total economic effects of the "EXPO 2027" event will exceed one billion euros. Serbian President Aleksandar Vučić announced the construction of 130 new hotels and 2,6 million tourists who will visit Serbia on this occasion. Consultant for foreign investments Dr. Milan Kovačević tells the "Vremena" portal that it would be more useful to focus on the domestic economy, rather than on a leap into the future.
Three out of five workers fear they could lose their jobs to artificial intelligence in the next ten years. Eastern European countries are most exposed to this risk
In the first half of 2023, almost 25.000 work permits for foreigners were approved, which is a thousand more than during the whole of 2021. As this number continues to grow, it is expected that the number of approved work permits will exceed that of last year, when a total of more than 35 permits were approved.
Due to the growth of Euribor, installments are higher than 20 to 80 euros. Citizens who took a loan several years ago and have more than 20 years left to repay it will feel the biggest impact on their household budget.
Research by Crta points to the return of citizens to politics, which, on the wings of the "Serbia against violence" protest, is changing the paradigm according to which the regime easily controlled all the damage it (in)action produced. It is more important for the citizens who are protesting that they know what they are against than that they are still not clear who they are for
Year-on-year inflation in March was 16,2 percent, and 15,1 percent in April
"This measure may be politically popular and someone may think that it can reduce domestic demand in the short term. However, given the structure and weaknesses of our economy, this measure will in practice only increase public expenditures and public debt and stimulate inflation," says the professor. Faculty of Economics for the portal "Vremena"
Turks are deciding between the Kemalist opposition and the increasingly entrenched and intransigent Islamist ruler Erdogan in an election that has been declared the most important in the world, not so much to uphold democracy, fix the economy, manage social divisions, not even because of the differences between Kemalist and Islamist nationalism, and not because of wishful thinking. ending a two-decade reign - because of geopolitics
