Q:
A:
Serbia’s credit rating improved
Belgrade,
12 November 2010
The Ministry of Finance stated today that the International Ratings Agency Fitch raised Serbia’s credit rating in the part that refers to an outlook for a long-term switch from a negative to a stable credit rating.
A statement by the Ministry reads that Serbia has established stable financial and market trends and that this is expected to continue. Fitch believes that Serbia regained a stable rating after December 2008, which created conditions for Serbia to have lower borrowing costs.
The report by Fitch highlights that the Serbian government has set foundations for a lower budgetary deficit in the years to come and that new fiscal rules aim to reduce the deficit to 1% of GDP from the current 4.8% by 2015.
Fitch expects that GDP in Serbia will grow by 1.5% this year, while a growth of 3% is predicted for next year, the statement adds.
The report by Fitch highlights that the Serbian government has set foundations for a lower budgetary deficit in the years to come and that new fiscal rules aim to reduce the deficit to 1% of GDP from the current 4.8% by 2015.
Fitch expects that GDP in Serbia will grow by 1.5% this year, while a growth of 3% is predicted for next year, the statement adds.
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS
-
Belgrade, 23 June 2025Procedures to facilitate sale of Serbian products to China to be accelerated
-
Belgrade, 21 June 2025Serbia receives first funds under Growth Plan for the Western Balkans
-
Belgrade/Cairo, 20 June 2025New phase in relations with Egypt in field of agriculture
-
Belgrade/Athens, 18 June 2025Serbia’s leadership position in power sector