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Tatjana Rackov Sinadinović, Director, Happy Kids Preschool

Awards Confirm Value

Within a framework of daily educational activities that’s shaped by the principles of the Montessori method of education, children at the HAPPY KIDS Preschool...

Helleniq Energy

Former Hellenic Petroleum Becomes Helleniq Energy

The parent company of EKO Serbia has rebranded and committed itself to a sustainable future HELLENIC PETROLEUM, one of the largest energy companies in Southeast...

dm

dm Srbija Comes Of Age

Pioneering endeavours, successful results, record-breaking donations and recordhigh wage increases, new social responsibility campaigns and launching the online store have all marked the 18th...

Sonja Kapetanović, Marketing Director, Schlarafia

Quality Is An Issue Of Setting High Standards

Schlarafia is the region’s leading brand for premium sleeping equipment and is unique thanks to its specific fusion of traditional craftsmanship and modern technologies,...

Boban Đurović, Mayor Of Vrnjačka Banja

Monte Carlo In The Heart Of Serbia

Today, Vrnjačka Banja can boast a large number of high-class hotels that, with their rich content and top-quality service in line with European tourist...

Milojko Arsić, Professor Of The University Of Belgrade Faculty Of Economics

We’re Adding Fuel To The Fire

Tackling inflation represents the best way to preserve citizens’ living standards, while possible attempts to prevent standards from falling by additionally increasing salaries and pensions would only contribute to accelerating inflation

Representatives of leading central banks, including the NBS, predict that inflation will begin falling during the first half of this year, returning to pre-crisis levels over the next two years. I estimate that inflation will persist a little longer, but I don’t expect it to continue over the next few years. Disruptions to production processes and transport operations, which have reduced the supply of products, will likely be resolved over the course of this year. Governments worldwide are also reducing their fiscal stimulus measures, while some central banks have increased the restrictiveness of monetary policy, which others will also do if inflation persists.

This current inflation, like all others, is a result of an imbalance between supply and demand, but the causes of today’s imbalance are in part specific. The problems on the supply side have been caused by epidemiological constraints, which are unique in human history in terms of their scope and severity.

There aren’t many opportunities to invest money in Serbia, because the financial market is underdeveloped and interest rates on savings are realistically negative, similar to the situation in other countries. As such, the best option for citizens is to support policies that will ensure a drop in inflation

On the other hand, growth in demand has been encouraged by an expansionary fiscal and monetary policy, though its expansiveness was significantly higher than in previous crises, including the global financial crisis of 2008-2009.

Serbia’s high inflation is partly a consequence of implementing extremely expansionary fiscal and monetary policies over the past two years. Serbia can influence a reduction of inflation by reducing its fiscal deficit and gradually increasing the restrictiveness of its monetary policy. High inflation has a negative influence on economic activity and citizens’ living standards because it reduces the real value of income, which can lead to stagflation if it persists for a longer period. Inflation also has a negative influence on citizens’ living standards because it reduces the real value of fixed incomes, such as salaries and pensions.

Comment by Zoran Panovic

Limited Sensitivity

If Serbia’s World Cup match against Brazil in Qatar proved to be a major tactical defeat for Serbia (0:2), then the agreement reached on...

Aleksandar Mitić, Research Associate At The Institute Of International Politics And Economics, President Of The Centre For Strategic Alternatives

Support For Ukraine Could Reduce

It is tough to expect that the deep polarisation that has manifested within U.S. Society will have a substantial influence on Washinton’s foreign policy...

Aleksandar R. Miletić, Executive Director Of The Centre For History Studies And Dialogue

No Major Changes To Foreign Policy Discourse

I don’t believe the current U.S. Administration’s policies on Ukraine or our region will change fundamentally. More significant course adjustments could only occur following...

Dragan Bisenić, Foreign Policy Journalist, Publicist And Former Ambassador

Without A Weak President

No one will deal with a “weak” american president on foreign policy in the future, as was expected prior to the midterm elections. However,...

Várhelyi Presented Implementation Of Trans-Balkan Electricity Corridor

Olivér Várhelyi, European Commissioner for Neighborhood and Enlargement Negotiations, started his visit to Belgrade at the Serbian company Elektromreže...

Slivovica Included In The UNESCO’s World Heritage List

The Ministry of Culture of the Government of Serbia announced that the element of the intangible cultural heritage of...

Escobar: Open Balkan The Opportunity For Region To Recover

"Russia will not be a credible partner, so it is economically and politically wrong to count on cooperation with...

Foreign Investors Council In Serbia Celebrates Its 20th Anniversary

The Foreign Investors Council in Serbia (FIC) marked 20 years of operations with a ceremony held at Hyatt hotel. At...

Romania’s National Day Celebrated

The Embassy of Romania in Serbia marked the Day of Romanian Unification with a formal reception at the White...

Várhelyi Presented Implementation Of Trans-Balkan Electricity Corridor

Olivér Várhelyi, European Commissioner for Neighborhood and Enlargement Negotiations, started his visit to Belgrade at the Serbian company Elektromreže...

Slivovica Included In The UNESCO’s World Heritage List

The Ministry of Culture of the Government of Serbia announced that the element of the intangible cultural heritage of...

Escobar: Open Balkan The Opportunity For Region To Recover

"Russia will not be a credible partner, so it is economically and politically wrong to count on cooperation with...

Foreign Investors Council In Serbia Celebrates Its 20th Anniversary

The Foreign Investors Council in Serbia (FIC) marked 20 years of operations with a ceremony held at Hyatt hotel. At...

Romania’s National Day Celebrated

The Embassy of Romania in Serbia marked the Day of Romanian Unification with a formal reception at the White...

Várhelyi Presented Implementation Of Trans-Balkan Electricity Corridor

Olivér Várhelyi, European Commissioner for Neighborhood and Enlargement Negotiations, started his visit to Belgrade at the Serbian company Elektromreže...

Slivovica Included In The UNESCO’s World Heritage List

The Ministry of Culture of the Government of Serbia announced that the element of the intangible cultural heritage of...

Escobar: Open Balkan The Opportunity For Region To Recover

"Russia will not be a credible partner, so it is economically and politically wrong to count on cooperation with...

Foreign Investors Council In Serbia Celebrates Its 20th Anniversary

The Foreign Investors Council in Serbia (FIC) marked 20 years of operations with a ceremony held at Hyatt hotel. At...

Romania’s National Day Celebrated

The Embassy of Romania in Serbia marked the Day of Romanian Unification with a formal reception at the White...
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