Economy

Oil getting more expensive, Brussels denies crisis

The price of gas on European stock exchanges rose by 4.2 percent yesterday, reaching a value of 53.06 euros per megawatt-hour. Since the outbreak of attacks by Israel and the USA on Iran on February 28, the price of this strategic energy source in the EU has increased by 92 percent, according to London's "Economist". But Brussels, convinced of the importance of diversification and the green-nuclear transition, still sees no reason for excessive excitement, especially not for a possible return to Russian energy sources.

Greater Transparency Needed in Salary System

Nearly a decade after the reform of the public sector salary system was announced, Serbia still lacks a unified and transparent model for calculating wages for over half a million employees. In the new analysis "Salary Scales in Serbia: Lessons from a Failed Reform," the Fiscal Council concludes that the attempt so far has practically failed, faltered in concept – but also presents a proposal on how the state should approach reform in the future. It points to structural weaknesses that have led to serious problems in the public sector, including strong wage compression, which has created a risk for retaining key experts and management in state institutions, and proposes a pragmatic approach based on sectoral interventions, grounded in verifiable data and a high degree of transparency.

French 'TotalEnergies' Halts 15 Percent of Global Oil and Gas Production

French energy company TotalEnergies announced today that due to the war in the Middle East, it has halted 15 percent of its global oil and gas production.

Large amount of gold bars from Venezuela seen at the White House

WASHINGTON - A large quantity of gold bars worth tens of millions of dollars was spotted last week in front of the Oval Office, sparking speculation in the American media about their origin and purpose, reports the New York Post.

Mandatory written contracts in the trade of agricultural products

Concluding contracts between agricultural producers and those involved in procurement and processing will become an obligation. Yesterday's decision by the Government of Serbia stipulated that a written contract must be concluded with every delivery of agricultural products, and this will apply to the trade of cereals (commercial wheat and corn), as well as fruits and vegetables. New rules apply to fresh agricultural products: tomatoes, onions and garlic, cabbage, carrots, cucumbers and gherkins, peppers, apples, sour cherries, plums, raspberries, blackberries, and blueberries.

Tanjug Awarded Contract for Media Monitoring of "Expo 2027" Worth Over Five Million Dinars

News agency Tanjug has won a tender organized by the company "Expo 2027" for media monitoring of the company's activities, with the contract valued at over five million dinars including VAT.

America Eased Oil Sanctions on Russia

America has allowed countries to purchase Russian oil and gasoline, currently at sea, in an effort to alleviate the economic consequences of the US-Israeli war with Iran.

Russian archaeologists find treasure of 409 gold rubles from the era of the last Russian Tsar

Archaeologists have discovered a hidden savings of gold rubles over 100 years old under a house in northwestern Russia. A total of 409 coins were minted in the final days of the Russian Empire, and today they could be worth more than half a million dollars.

Reduced excise taxes on Eurodiesel and gasoline

Due to an increase in manufacturer prices of oil derivatives caused by the rise in the price of crude oil on the world market, excise tax amounts are temporarily reduced, announced a Government Decision in the Official Gazette.

Frankfurter Algemajne Cajtung Writes: The 177-kilometer Highway That Almost Destroyed Montenegro

The highway built by the Chinese almost 'destroyed' Montenegro, writes Frankfurter Algemajne Cajtung. It is still being built by the Chinese – but with European money.

Wages are rising, employment is falling: What do these figures tell us?

Lately, there has been frequent discussion about the growth model Serbia has had so far, and the growth model it needs in the future. It is said that the time when economic growth could be driven by subsidizing foreign investments is over, partly because Serbia is no longer a country with cheap labor. It is now important to invest in high-tech sectors and products that can support high salaries for skilled professionals.

DELTA DISTRICT PROGRESSING AT FULL SPEED: See what's happening at the construction site of the region's most anticipated ultra-luxury complex

The construction of the Delta District complex in Block 20 in New Belgrade, one of the most significant projects in the luxury real estate sector in the region, is progressing according to the established dynamics. The central facility of the complex, the InterContinental Hotel, has reached a height of 21 floors, while the facade installation is completed up to the 15th level. Alongside these works, the business tower has been structurally completed, and the construction of two residential towers is proceeding simultaneously. On the very roof of the hotel, the formation of a panoramic pool has begun, which will be one of the most striking elements of the complex.