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Serbia's GDP registered a 3% drop in 2009. Photo by EPA/BGNES
Serbia’s gross domestic product collapsed by 3% in 2009, according to data of the Serbian Statistical Institute.
The data confirms the forecast of the International Monetary Fund had made for the Serbian economy.
A communique of the Institute informs that Serbia saw its greatest GDP collapse in the second quarter of 2009 – 4,2%; in the fourth quarter, the drop was only 1,6%.
As a result of the economic crisis, Serbia sought a bailout loan from the International Monetary Fund of a total of EUR 3 B. It has already received EUR 1,5 B from it.
In comparison, Serbia’s eastern neighbor, Bulgaria saw its GDP plummet by 5% in 2009. Bulgaria has not sought any IMF assistance.
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the ongoing war in the Middle East is expected to push inflation higher while simultaneously slowing global economic growth
The Council of Ministers has adopted the Report on the State of Defense and the Armed Forces of the Republic of Bulgaria for 2025, which was submitted to both the National Assembly and the public, outlining an overall assessment of military readiness and
Preliminary data from Eurostat show that the European Union’s average GDP per capita, measured in purchasing power standards (PPS), reached 41,600 euros in 2025
The United States has granted a temporary extension to the operating license of the Serbian oil company NIS, which is currently under sanctions, according to Serbia’s Energy Minister Dubravka Džedović-Handanović.
For weeks, the first confirmed deployment of hypersonic missiles in Europe outside Russia and Belarus has sparked intense debate among politicians and military analysts
Serbian President Aleksandar Vucic claimed that Croatia was the foreign state most actively involved in what he described as an attempted “color revolution” in Serbia
The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
Moldovan President Maia Sandu has formally enacted legislation withdrawing the country from the Commonwealth of Independent States (CIS), marking a decisive step in Chisinau’s gradual disengagement from Russian-led structures
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
A fragile ceasefire between the United States and Iran has coincided with escalating tensions over the Strait of Hormuz, where Iran has moved to tighten control over one of the world’s most critical maritime routes
US President Donald Trump has sharply criticized NATO allies over what he described as their unwillingness to support Washington during the war with Iran, following a two-hour meeting with Secretary-General Mark Rutte at the White House
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