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Mirjana Lučić And Vladan Ilić, General Managers At Saint-Gobain

Anniversary Year

Saint-Gobain is a world leader in modern and sustainable construction that designs, produces and distributes materials and services for the construction sector and industrial...

UniCredit Bank Serbia

Why It’s Important To Save: The Future Is Certainty

There’s no need to talk about the fact that it’s important to find a certain degree of stability and certainty under the current circumstances...

Nemanja Bućinac, Retail Leasing Director, MPC Properties

Changing With The Times

UŠĆE Shopping Center has been the market leader for over 13 years. In order to retain this position, UŠĆE is preparing for a major...

Stylianos Tsoktouridis, Director, Alumil Yu Industry A.d.

Superior Customised Solutions

Alumil is one of the largest brands producing windows and doors, with 12 factories across Europe, including one in Serbia. The company continues, year-on-year,...

Sanja Stanimirović, CEO, Testeral

Demanding Markets Develop Quality

Testeral exports 95 per cent of its production to the markets of Western Europe and America, and one of the company’s goals is to...

Dejan Šoškić, Economist, Full Professor Of The University Of Belgrade Faculty Of Economics

Not Everything Is In Others’ Hands – Some Things Are Also In Ours

A belated reaction, or the absence of a monetary policy reaction, can only lead to heightened inflation remaining in the financial system for longer, and it seems that this will be the case

Inflation around the world is mainly generated on the supply side (rising food prices, rising energy prices, rising transport costs and rising prices following reduced supplies of some products due to broken supply chains). However, there are also elements on the demand side, and those are ever-increasing, which create inflationary expectations that need to be addressed through a more restrictive monetary policy. Serbia has just caused inflation demand with the direct distribution of money to citizens ahead of elections. A belated reaction, or the absence of a monetary policy reaction, can only lead to heightened inflation remaining in the financial system for longer, and it seems that this will be the case.

Some components of the current inflation are reminiscent of the inflation from the 1970s, when we were twice subjected to price shocks in oil prices and overall high financial system liquidity. However, we now also have other factors, such as a poor year for agriculture, which – according to the assessment of experts – is a consequence of climate change, and supply chain disruptions resulting from problems hindering global transport and even production, caused by the pandemic.

I believe we’ll struggle to avoid inflation rising over a somewhat longer period, and that will have a negative impact on people’s living standards in the future, and already is

Serbia has been placed in a sensitive position due to the large direct payments from the budget and the erroneous and unnecessary purchasing of the bonds of some companies by the NBS [National Bank of Serbia] a little over a year ago, which represented an unnecessary and mistaken expansionary monetary policy. We simultaneously allowed the dinar to strengthen a few years ago when that wasn’t necessary, and thus “expended” the opportunity to now strengthen the dinar over the short term, in order to reduce the negative impact of global inflation on domestic inflation. At the same time, the NBS still isn’t reacting, which is why I believe we’ll struggle to avoid inflation rising over a somewhat longer period, and that will have a negative impact on people’s living standards in the future, and already is.

Under the conditions of relatively high inflation in euros, and even higher in dinars, coupled with interest rates that are still low, maintaining the real value of money isn’t easy. Apart from investing in real estate and ownership shares in enterprises that operate well, smaller amounts should be utilised to at least attempt to reduce losses through interestbearing placements in banks and investment funds, as well as through the purchasing of government bonds.

H.E. Mohamed Abdullahi Ahmed, Ambassador Of Somalia To Serbia

Somalia Is Potentially A Rich Country

Despite the fact that Somalia has experienced a variety of situations over the past 31 years, including civil wars, famine, and international terrorism that...

Comment by Zoran Panovic

Ana, Again

Of course, it’s absurd that, on the day when the gay prime minister received her third mandate, Serbian President Aleksandar Vučić simultaneously cancelled the...

Bojan Klačar, Executive Director Of The Centre For Free Elections And Democracy (CESID)

Open Doors

The return of the opposition to the parliament will lead to numerous changes. The national assembly will once again be pluralistic, with MPS that...

Despot Kovačević, Assistant Professor/Lecturer At The University Of Belgrade Faculty Of Political Sciences

Chance For The Opposition To Profile Itself Among Voters

The post-election dynamics of relations within the opposition showed that a debate will be led on the topic of genuine opposition to the regime...

Total Revenues Of Video Game Industry In Serbia Amounted To 125 Million Euros In 2021

The video game industry in Serbia employs 3,000 people who work in 130 gaming companies, with total revenues last...

Leaders Of 44 Countries Invited To The First Meeting Of The European Political Community

Representatives of 44 countries have been invited to the first meeting of the European political community, which will be...

Serbian Flag In Times Square

The flag of Serbia with a message about friendship between Serbia and the United States, as well as an...

Vučić At The UN: What Is The Difference Between The Territorial Integrity Of Ukraine And Serbia?

What is the difference between the territorial integrity of Ukraine and the territorial integrity of Serbia, which was violated...

Scientists In China Create World’s First Cloned Wild Arctic Wolf

The successful cloning of the species which is native to the High Arctic tundra of Canada's Queen Elizabeth Islands,...

Total Revenues Of Video Game Industry In Serbia Amounted To 125 Million Euros In 2021

The video game industry in Serbia employs 3,000 people who work in 130 gaming companies, with total revenues last...

Leaders Of 44 Countries Invited To The First Meeting Of The European Political Community

Representatives of 44 countries have been invited to the first meeting of the European political community, which will be...

Serbian Flag In Times Square

The flag of Serbia with a message about friendship between Serbia and the United States, as well as an...

Vučić At The UN: What Is The Difference Between The Territorial Integrity Of Ukraine And Serbia?

What is the difference between the territorial integrity of Ukraine and the territorial integrity of Serbia, which was violated...

Scientists In China Create World’s First Cloned Wild Arctic Wolf

The successful cloning of the species which is native to the High Arctic tundra of Canada's Queen Elizabeth Islands,...

Total Revenues Of Video Game Industry In Serbia Amounted To 125 Million Euros In 2021

The video game industry in Serbia employs 3,000 people who work in 130 gaming companies, with total revenues last...

Leaders Of 44 Countries Invited To The First Meeting Of The European Political Community

Representatives of 44 countries have been invited to the first meeting of the European political community, which will be...

Serbian Flag In Times Square

The flag of Serbia with a message about friendship between Serbia and the United States, as well as an...

Vučić At The UN: What Is The Difference Between The Territorial Integrity Of Ukraine And Serbia?

What is the difference between the territorial integrity of Ukraine and the territorial integrity of Serbia, which was violated...

Scientists In China Create World’s First Cloned Wild Arctic Wolf

The successful cloning of the species which is native to the High Arctic tundra of Canada's Queen Elizabeth Islands,...
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