Monday, September 19, 2005

Serbia's Foreign Debt at $14.217 Bln in July - Table

BELGRADE (Serbia and Montenegro), September 19 (SeeNews) - Serbia's foreign debt rose to $14.217 billion (11.618 billion euro) at the end of July, from $13.730 billion a month earlier, preliminary central bank figures showed on Monday.

SERBIA FOREIGN DEBT (in billions of U.S. dollars):

.............................................................JULY..............JUNE..............END'04

TOTAL DEBT........................................14.217............13.730...........14.099

International financial institutions.........4.741..............4.540..............5.089

--IMF....................................................0.958................0.793.............0.962

--IBRD..................................................2.186................2.180.............2.472

--IDA....................................................0.416.................0.420.............0.432

--EUROFIMA.......................................0.149.................0.142.............0.160

--IFC.....................................................0.103.................0.103.............0.119

--EIB.....................................................0.278.................0.265.............0.282

--European Community.........................0.330................0.330.............0.354

--EUROFOND.........................................0.024.................0.024.............0.029

--EBRD.................................................0.297.................0.285.............0.280

Governments........................................3.576..................3.549.............3.690

--Paris Club..........................................2.855..................2.842..............3.016

---consolidated debt..............................2.621.................2.621.............2.806

---debt after 20.12.2000........................0.234..................0.221............0.210

--other governments..............................0.721..................0.707............0.674

London Club-restructured debt.............1.077...................1.077............1.08

London Club-non-restructured debt......0.086..................0.086............0.084

Other creditors......................................3.520...................3.210............2.976

Short-term debt.....................................1.111...................1.167............0.999

Clearing debt.........................................0.106...................0.106.............0.182

NOTE: Serbia's end-July foreign debt figure included the $1.165 billion in debt owed by the country's southern province of Kosovo, now a U.N. protectorate.

10 comments:

Anonymous said...

Growing, and growing, and growing...

Paris Club just made some money =)

in the mean time Serbia has to buy some (double that) helmets with borrowed money.

Prince of Albania said...

Add to that the tens of bilions of dollars Serbia will have to pay to Bosnia, Croatia and Kosovo for the damadges done during wartime.
Serbia will be in debt for a long, long time.

Chris Blaku said...

Serbia is doomed to become an economic blackhole in the Balkans. With virtually no natural resources, an uneducated population that fails to reproduce successfully, and a destroyed infrastructure due to the bombing, Serbia has absolutely no hope outside of world aid, and a helping hand from... Albania, Bosnia and Croatia? Interesting.

P.S. Don't forget widespread political corruption and a Nazi-like mentality amongst the population.

Anonymous said...

Just to put things into perspective:

Haha, Serbia is recovering fast and say whatever you will, but the nation will is and will ALWAYS be economically better off than your indebted and impoverished Albania, who the world is not interested in helping out. And for the "no aid" comment, idiot, Serbia's been getting aid from the US, EU and the entire international community for the last five years, because they know the potential of this prosperous nation, unlike your shithole Albania. BTW, even if Kosovo-Metohija does achieve independence, it will always be a poor, rubish state, while we drive Serbia grows into a European state.

Anonymous said...

Well seeing how many Serbs spend their time reading Serbianna and Emperors Clothes and Anti-War, I can only assume you will continue to be good old lazy commies for a little while longer.

Not to mention how much time you lads spend speaking of hate, war and being racist i.e. your comment calling Albania a "shithole".

It is rather funny that news articles speaking of issues that deal with truth about Serbia (their economic state, war criminality, genocide) all end up being ignored by Serbs :)

Anonymous said...

Serbia getting aid from albania? which fucking planet are you on? albania is and always (throughout history) has been one of the poorest countries on earth. Serbia is destined for great things. I've just returned from BELGRADE and was amazed at how modern and cool the city is. It's lined with beautiful cafes, boutiques, sexy new buildings and gorgeous girls. I'm sorry that the same can't be said of Kosovo where the useless population has turned it into an impoverished hole. But don't worry, Serbia will fix it eventually and become a shining star in the European Union. All you psycho extremist albanians on this site can just look on in envy.

Anonymous said...

Serbia-Montenegro among 12 leading countries in implementation of reforms
------------------------------------------------------------------------

13:45 - 14 September 2005 - In a report titled "Doing Business in 2006: Creating Jobs", jointly prepared by the World Bank and the International Financial Corporation, which is the World Bank's agency for approving loans to the private sector, it is stated that Serbia-Montenegro is among the 12 leading countries with regard to the implementation of reforms carried out last year.

This year's annual report, which for the first time provides a global ranking of 155 nations on key business regulations and reforms, finds that every country in Eastern Europe improved at least one aspect of the business environment—the highest rate of reform of any region. Countries such as Serbia-Montenegro, Slovakia, Romania, and Latvia topped the global rankings for most reforms enacted.


The report tracks a set of regulatory indicators related to creation of new businesses, operation, trade, payment of taxes, and closure, which is a measure of the time and cost associated with various government requirements. Overall, European nations were the most active in enacting reforms. The top 12 reformers in the past year, in order, were Serbia-Montenegro, Georgia, Vietnam, Slovakia, Germany, Egypt, Finland, Romania, Latvia, Pakistan, Rwanda, and the Netherlands

Serbia-Montenegro moved new business registrations from the judiciary to a new Agency for Business Registers. Entrepreneurs can register online and a company can start operating in 15 days rather than 51, as before.

Serbia-Montenegro also adopted a new Labour Law, which helped regulations in this field to become more flexible, and at the same time it is now much easier to conclude and conduct financial agreements involving collateral in the country.

Serbia-Montenegro has simultaneously shortened the period necessary for executing simple contracts before the courts from 1,028 days down to 635.

"Doing Business in 2006" updates the work of last year’s report on seven sets of business environment indicators: starting a business, hiring and firing workers, enforcing contracts, registering property, getting credit, protecting investors, and closing a business. It expands the research to 155 countries and adds three new indicators: dealing with business licenses, trading across borders, and paying taxes.

The annually published report gives policymakers the ability to measure regulatory performance in comparison to other countries, learn from best practices globally, and prioritise reforms. Now in its third year, the report has already had an impact on business environment reforms around the world.

Anonymous said...

HERE'S SOME MORE HARD FACTS ABOUT SERBIA'S ECONOMY. DOESN'T SEEM THAT BAD TO ME ASSHOLES.

Serbia is on good economic way
16:59 2005-09-15
Serbia expects to attract 2.5 billion euro of new investments in the nearest future since it is listed by the World Bank as one of the 12 most successful countries in implementing economic reforms and investment laws.

The news from Washington is a boost to Prime Minister Vojislav Kostunica’s minority government, which has been in power for the past 18 months and is struggling with unemployment rate of over 25 per cent, 12 billion dollar foreign debt and seven billion dollar trade deficit.

“Serbia has never been in a better position to become an ‘economic tiger’ in the region” Paridovic asserted. “The World Bank report is a proof that foreign investors have become aware of this fact and we expect their presence in much greater numbers, with ambitious projects”, he added.

The Italian embassy in Belgrade meanwhile announced that in the past year exports from Italy to Serbia increased by 42 per cent and that Italy has become the main consumer of Serbian goods among European Union countries, the AKI reports.

Anonymous said...

Dear Serbs,

Please, sincerely please, start working on your economy, and do use names such as "assholes" but in terms that will allow you to become competitive in a healthy manner with your neighbours (Albania, Kosova, Macedonia, Bosnia, Croatia, Hungary, Bulgaria, and Montenegro). Hopefuly this will steer you away from hate and racism that has plagued your nation for so long.

Hopefuly you will find yourself posting less derogatory articles, propaganda and hate statements on the blog cause your life will acquire some new meaning.

As for Kosova and Albania, do not worry about us. Slowly but surely we will catch up with you, and eventualy surpas you (at least this is our goal), when that happens you can be assured that we will not abuse power and not cause harm even to those that did harm to us.

It is a exiting time ahead of us all, a chance for Serbs to redeem themselves, and a chance for Albanians to stand on their own feet.

You either take this chance, work forward and for peace, or you stay isolated from the rest of the civilized world.

Anonymous said...

Albanians have never stood on their own feet. They have always benefited from others. Tell me how has anybody benefited by from albania. It's own people immigrated to Serbian land for a better life.