Banks in Europe

Capital city:         Belgrade

Population: 9.3 million

Currency: Republic of Serbia dinar (RSD), in Kosovo both the euro and the dinar are legal

Official languages: Serbian (official nationwide); Romanian, Hungarian, Slovak, Ukrainian, and Croatian (all official in Vojvodina); Albanian (official in Kosovo)

Dialling code for int. phone calls:  +381

Internet country code: .rs

With the Radicals having split in the parliament after 17 members formed a new parliamentary grouping led by former deputy leader Nikolic, the prospects for political stability in Serbia have improved. This increases the likelihood of advancing co-operation with The Hague Tribunal and of Serbia achieving candidate country status in 2009.

Meanwhile, worsening international financial market conditions are exposing the Serbian economy, which is characterised by a large current account deficit, a looser fiscal policy after a one-off 10 % pension increase and still strong credit growth, increased risk and slower growth anticipated for 2009.

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