Serbia’s central bank kept borrowing costs unchanged for a third month as inflation slows and Prime Minister Ivica Dacic’s revamped cabinet prepares to overhaul public finances and kick-start the economy.
Serbian lawmakers are set to vote on Prime Minister Ivica Dacic’s new cabinet, which would push through painful changes to kick-start the economy and convince investors it can avoid running out of cash.
Serbian Prime Minister Ivica Dacic asked lawmakers to approve the former Yugoslav republic’s revamped cabinet tomorrow, pledging to stoke economic growth, create jobs and bring the nation closer to European Union entry.
Serbia’s main ruling parties moved closer to overhauling the cabinet even as a dispute over policies needed to shore up the European Union aspirant’s dwindling finances raised the prospect of early elections.
Serbian political leaders averted early elections after the country’s largest party agreed to the prime minister’s cabinet shuffle that led to the ouster of a junior partner and shaved the government’s majority to one seat.
Serbia is in talks with Lazar Krstic, an associate at McKinsey & Co., to be the Balkan country’s next finance minister, the second time the government has tapped the New York-based consultancy to fill key posts.
Serbian Prime Minister Ivica Dacic will name a McKinsey & Co. associate in New York to lead the Finance Ministry as the government prepares for talks to join the European Union and win a new international loan accord.