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#1 2018-05-09 01:13:47

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BELGRADE Discount AS Roma Jersey , July 29 (Xinhua) -- Economic data from the second quarter of 2015 show Serbia is on the right track in stabilizing its economy, Serbian Prime Minister Aleksandar Vucic said at a press conference on Wednesday.

Commenting on the economic parameters, Vucic said that the results are above prediction and announced a slight increase in pensions and salaries in the public sectors that were cut down by 10 percent this year as a part of the measures of the fiscal consolidation agreed with the International Monetary Fund.

He said Serbia owes these results to the fact the that the collection of taxes is 55 million U.S. dollars higher, excise taxes 50.5 million dollars higher, and non-tax revenues 10.1 million dollars higher, compared to the same period last year.

Vucic explained that the country is making faster progress than the conditions of the 1.2 billion dollars' worth Stand-By Arrangement with IMF demand Discount Arsenal Jersey , stressing that the tax collection is more efficient while, two state-run companies, Airport Nikola Tesla and Air Serbia, have seven times higher incomes than in the same period last year.

According to him, the country's economic recovery intensifies, and according to the data from the second quarter of 2015 the growth of GDP at the end of the year can be predicted at 0.5 percent to 1 percent.

"If everything goes according to plan Discount AC Milan Jersey , and every month we achieve better results than projected by the IMF, the deficit of the state budget would revolve around 2.87 percent of GDP", Vucic said, announcing that the budget deficit, at present moment sums up to 25 billion dinars (229 million U.S. dollars).

Serbia will soon introduce a law on property origin that will according to Vucic improve tax collection even more by preventing tax evasion, and the budget inflow will allow incomes of pensioners Discount Real Madrid Jersey , teachers, policeman, doctors, soldiers and other employees in the public sector to keep on growing in 2016.

However, according to him, indebtedness of the local governments is still a major problem and a burden for central budget Cheap Tottenham Hotspur Jersey , and those irresponsible authorities at local level should suffer political consequences no matter from which party they were elected to the function.

NEW YORK, March 19 (Xinhua) -- U.S. stocks opened mixed on Thursday following a dovish statement from the U.S. Federal Reserve, which indicated it was in no rush to raise interest rates.

U.S. stocks swung sharply to gains Wednesday, as investors were relieved by Fed Chair Janet Yellen's dovish outlook.

In its statement on monetary policy Wednesday, the Fed dropped its promise to remain "patient" before raising interest rates.

"Just because we're not using the word 'patient' doesn't mean we're going to be impatient," said Yellen at a press conference following the statement's release.

The Fed said it will "be appropriate" to raise interest rates when it has seen further improvement in the labor market and is "reasonably confident" that inflation will move back to its target of 2 percent in the medium term.

In corporate news Cheap Sevilla Jersey , Apple officially began trading as a member of the Dow Jones Industrial Average, replacing AT&T in the index. Apple's shares were up 0.44 percent in the early session.

Shortly after the opening bell, the Dow Jones Industrial Average shed 64.57 points, or 0.36 percent, to 18,011.62. The S&P 500 lost 5.82 points Cheap Paris Saint-Germain Jersey , or 0.28 percent, to 2,093.68. The Nasdaq Composite Index edged up 5.07 points, or 0.10 percent, to 4,987.90.


LAUSANNE Cheap Manchester United Jersey , Feb. 2 (Xinhua) -- A FIFA statement said Monday that four candidates including incumbent president Sepp Blatter are bidding for the presidency of the world soccer governing body.

The other three are Asian Football Confederation vice-president Prince Ali bin Al Hussein of Jordan, former Portugal international Luis Figo and Dutch football chief Michael van Praag.

The investigatory chamber of an independent Ethics Committee will carry out integrity checks on the four candidates' dossiers within 10 days, said the statement.

""Upon receipt of the results of the integrity checks, the (FIFA) Ad-hoc Electoral Committee will reconvene in order to review all of the submissions and validate their compliance with the applicable FIFA regulatory provisions.

""Following this process, the Ad-hoc Electoral Committee will formally admit and declare the candidates who are eligible for the office of FIFA President.""

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2018-05-09 01:13:47



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