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Svetlana Smiljanić, member of the executive board of Wiener Städtische Insurance

Ready for Future Challenges

„It is advantageous to be part of a large family, especially one with such a long tradition, reputation and strength as VIG, which currently...

Bojana Perić, Ekostar Pak General Manager

Recycling is an Opportunity

In the 14 years since its founding, Ekostar Pak has gained the trust of more than 840 companies, with in excess of 798,000 tons...

Novomatic Serbia

Fusing Tradition and Innovation with a Future Vision

NOVOMATIC AG stands out as one of the leaders of the global gaming industry. Founded in 1980 by Professor Johann F. Graf in the...

Pinar Yalcinkaya, MPC Properties CEO

Driving Impact through Innovation and Service Excellence

At MPC Properties, we’ve concentrated on using strategic planning and innovation to maintain our position as industry leader in the commercial real estate sector,...

Miloš Škorić, Gorda Director

Gorda Unites and Connects

“For three decades, we have been working and creating something good – not just for the awards, but primarily for the emotion. We respect...

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.

By Mirko Dautović

Sailing Stormy Waters

The name of the next resident of the White House will matter a lot in terms of global politics. However, more importantly, the U.S....

Dr Jonel Subić, Ph.D., Director of the Institute of Agricultural Economics (IAE), Belgrade

Using Resources Intelligently

As is the case in many other areas, the greater participation of clean technologies and innovations, optimal use of resources and improving health conditions...

Danijela Božanić, meteorologist

We’re Lacking Plenty

Viewed globally, the state and availability of water resources is acknowledged as the sector hardest hit by climate change. The National Adaptation Programme (NAP)...

Dipl. Ecc. Vesna Nešković, International Relations Officer, Faculty of Agriculture, University of Novi Sad

Reaching Optimal Solutions through Research

Our response is the ClimaPannonia project, which tests climate-resilience solutions in four sectors of agriculture and scales them across the Pannonian Plain for broader...

Giaufret States it’s Time to Intensify Reforms in Serbia

Serbia has confirmed that EU membership is its strategic goal, said the Head of the EU Delegation to Serbia,...

Mathematical High School Students Win Six Gold Medals at International Knowledge Olympiad

Students from Belgrade’s Mathematical High School achieved outstanding success, winning six gold medals at the XVI International Knowledge Olympiad...

Celebrating Women’s Entrepreneurship in Serbia: Success Blooms at Cvet uspeha Awards

At the 18th annual Cvet uspeha za ženu zmaja (Flower of Success for the Woman Dragon) awards ceremony, held...

Growth in Industrial Production in Serbia

Industrial production in Serbia in September this year was 4.6% higher than in the same month in 2023, according...

Serbia Joins WHO Executive Board

Serbia has been elected to the Executive Board of the World Health Organization (WHO) at the 74th session of...

Polish Prime Minister Donald Tusk: EU is not complete without Serbia

Poland supports Serbia’s European path, and the European Union is not complete without Serbia, stated Polish Prime Minister Donald...

Montenegro Bans Single-Use Plastics Under New Law

In accordance with the Waste Management Law, Montenegro has officially banned plastic bags and single-use plastics as of this...

Serbia Cuts Shadow Economy by Over a Quarter in a Decade, Driven by Digital Reforms

Over the past decade, Serbia has significantly reduced its shadow economy, lowering it from 29.1% to 21.1% of GDP,...

Claudia Sheinbaum Sworn In as Mexico’s First Female President

In a historic moment for Mexico, Claudia Sheinbaum has been sworn in as the country's first female president, marking...

New Portal Simplifies Residence and Work Permits for Foreign Citizens

Establishment of the Portal for Foreign Citizens simplified the procedure for obtaining temporary residence and work permits for foreign...

Polish Prime Minister Donald Tusk: EU is not complete without Serbia

Poland supports Serbia’s European path, and the European Union is not complete without Serbia, stated Polish Prime Minister Donald...

Montenegro Bans Single-Use Plastics Under New Law

In accordance with the Waste Management Law, Montenegro has officially banned plastic bags and single-use plastics as of this...

Serbia Cuts Shadow Economy by Over a Quarter in a Decade, Driven by Digital Reforms

Over the past decade, Serbia has significantly reduced its shadow economy, lowering it from 29.1% to 21.1% of GDP,...

Claudia Sheinbaum Sworn In as Mexico’s First Female President

In a historic moment for Mexico, Claudia Sheinbaum has been sworn in as the country's first female president, marking...

New Portal Simplifies Residence and Work Permits for Foreign Citizens

Establishment of the Portal for Foreign Citizens simplified the procedure for obtaining temporary residence and work permits for foreign...
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