High Euroscepticism in Serbia: Many Unwilling to Join the EU
According to a recent survey by the Washington-based International Republican Institute, Serbian citizens exhibit the highest level of Euroscepticism in the Western Balkans
The International Monetary Fund (IMF) has approved a three-year loan program worth EUR 1.2 B for Serbia.
The Serbian government intends to treat the program as precautionary, according to a media statement of the IMF.
The program is based on three main pillars: restoring public finances’ health; increasing the stability and resilience of the financial sector; and implementing comprehensive structural reforms, to form a solid foundation for job creation and return to sustained high growth.
Serbia’s GDP contracted in 2014 due to continued falling domestic demand aggravated by floods, and weak economic activity among trading partners. A high rate of unemployment remains one of the largest social concerns, as chronic structural rigidities continue to undermine the overall competitiveness of the economy, according to the IMF.
The recession in 2014 was the third in the last six years.
Public debt has risen rapidly to uncomfortably high levels, and despite some fiscal consolidation efforts in recent years, the fiscal deficit rose to 6.6% in 2014, due to higher state aid to loss-making state-owned enterprises and mandatory spending.
Public debt reached over 70% of GDP in 2014.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Commenting on the crash involving Iranian President Ebrahim Raisi, Russian Foreign Minister Sergey Lavrov blamed the US for undermining flight safety due to its sanctions
A tragic incident occurred aboard a Singapore Airlines flight SQ321 traveling from London to Singapore, resulting in one fatality and at least 20 injuries due to severe turbulence
The EU has made a significant decision to allocate profits from its frozen Russian assets to support Ukraine's self-defense and recovery efforts amidst ongoing Russian aggression
Following the death of Iranian President Ebrahim Raisi in a helicopter crash on Sunday afternoon
For the past 12 years, Turkey has deliberately refrained from participating in the Eurovision Song Contest, with President Recep Tayyip Erdogan criticizing the event
United States lawmakers are considering imposing sanctions on the International Criminal Court (ICC) if it issues an arrest warrant for Israeli Prime Minister Benjamin Netanyahu
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU