Serbia News
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Updated 57 minutes ago
On Feb. 24, the U.S., European nations, members of the Arab League and other sympathetic countries making up the newly established “Friends of Syria” group will gather in Tunisia for an emergency meeting on how to stem the bloodshed in Syria. Their deliberations are almost certain to involve calls for more crippling sanctions to bring about regime change and debates over providing military support to the fractured opposition groups inside the country.
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Serbian President Boris Tadic isn’t “optimistic” his country will become a candidate for European Union membership next month and said success of the bid ultimately depends on the will of citizens in its former province of Kosovo.
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The European Bank for Reconstruction and Development may lend 11 million euros ($14.6 million) to Serbia’s northernmost city, Subotica, to upgrade its water supply and wastewater system.
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Tennis’s ATP World Tour Finals should be given a similar tax waiver in the U.K. as soccer’s Champions League, Wimbledon’s outgoing head said.
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The rebound in the world’s worst- performing currency is diminishing the likelihood that Turkey’s central bank will raise interest rates to stem the highest inflation in 19 major emerging markets, trading in the swaps market shows.
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Egypt will start the trial of 43 people, including 19 U.S. citizens, on Feb. 26 for breaking rules on foreign financing of NGOs, the official Middle East News Agency reported, citing a court announcement in Cairo.
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Russian billionaire Oleg Deripaska’s En+ Group Group asked Montenegro to allow their joint venture to convert debt it owes into equity as the government seeks to wrest control to save the company.
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The Serbian government needs to exercise more fiscal restraint this year after last year’s budget deficit and public debts exceeded agreed targets, the International Monetary Fund said.
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Serbia’s foreign-currency reserves fell 3.8 percent to 11.6 billion euros ($15.3 billion) in January amid stepped-up external debt servicing, while banks reduced funds they set aside in mandatory reserves, the central bank said.
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Eastern Europe suffered a fatal avalanche and power cuts amid snowfall and chilling temperatures as Ukraine predicted the worst of the freezing weather that’s killed hundreds in the region may have passed.
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