While the prices of wheat and oilseeds on world markets are falling, the costs of fuel and fertilizers are rising, putting producers under serious financial pressure. A combination of market and geopolitical factors is once again threatening the food supply chain
After a series of price hikes, funeral services and building maintenance will go up in Belgrade as of January 1. For how much?
The latest data from the Republic Institute of Statistics show that food prices in Serbia have increased dramatically compared to last year, which is fueling inflation.
The pockets of Serbian citizens have already been hit several times during 2024. Infostan, heating, some basic groceries and taxi transportation have gone up in price. What awaits us in the new year?
The holiday season is usually a wind in the sails of consumption and the economy in Germany. The question is whether it will be the same this year
Although the prices of electricity and gas for the economy have been reduced, citizens cannot count on a wide range of products becoming cheaper, as entrepreneurs claim that there are no conditions for this.
From October 23, the price of cigarettes from certain manufacturers will increase, and certain manufacturers will increase their prices by 10 dinars per pack. The new law foresees that the specific excise duty will be adjusted upwards twice a year until the end of 2025, so the state should have an income of 97,47 dinars by then.
"The country is allowed to increase the amount of money as much as it achieves economic growth. Any faster growth of the money supply above the rate of economic growth will create inflation, to which then add that imported inflation. And it doesn't end there either. Even if imported inflation falls to zero, there is still no salvation for you if you increase pensions, salaries, pay gifts to the young, the old or anyone whom President Vučić is angry with that day - and economic growth remains low, as it is now.
The price increase proposal includes, in addition to fuel and coffee, tobacco products, alcoholic beverages, as well as liquids for filling electronic cigarettes
Manufacturers of luxury goods such as Yves Saint Laurent or Gucci are recording record profits despite inflation and recession. European products sell particularly well in America, where, thanks to the weak euro and the strengthened dollar, they have become more affordable
The West imposed the most extensive and detailed sanctions on Russia in history. The Serbian Government supported the territorial integrity of Ukraine and voted for the UN resolution condemning the Russian invasion of Ukraine, but refused to join the sanctions against Russia. The economic consequences, however, will not bypass Serbia. New price increases are inevitable
