DOCSLIB.ORG

Federal Register / Vol. 60, No. 74 / Tuesday, April 18, 1995 / Notices

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Federal Register / Vol. 60, No. 74 / Tuesday, April 18, 1995 / Notices 19448 Federal Register / Vol. 60, No. 74 / Tuesday, April 18, 1995 / Notices 515 (the ``Regulations''). 54 FR 45730 who have been designated by the On October 25, 1994, the President (Oct. 31, 1989). Following a review of Director, Office of Foreign Assets issued Executive Order 12934, additional information, it has been Control, as being members of the expanding the scope of the national determined that the following entities Bosnian Serb military or paramilitary emergency to, inter alia, block property no longer come within the scope of the forces or civilian authorities, or who and interests in property of the Bosnian term ``specially designated national'' as have been determined to be located in Serb military and paramilitary forces defined in § 515.306 of the Regulations. or controlled from the Federal Republic and the authorities in those areas of the Accordingly, the following names are of Yugoslavia (Serbia and Montenegro), Republic of Bosnia and Herzegovina removed from the list of Specially or acting for or on behalf of the under the control of Bosnian Serb Designated Nationals of Cuba: Government of the Federal Republic of forces; entities organized or located in CASAS DE CAMBIO, Panama. Yugoslavia (Serbia and Montenegro). those areas; entities owned or controlled CLUB VILLA FENIX, Panama. Property of these persons that is located by any person in, or resident in, those COMPANIA ISTMENA DE AVIACION, in the United States or within the areas; and any person acting for or on Panama. possession or control of U.S. persons is behalf of any of the foregoing. DUTY FREE SHOP, Balboa Pier, blocked, and most transactions with The Bosnian Serb individuals these persons are prohibited. These lists Panama. contained in the list of ``Bosnian Serb include designations pursuant to 31 DUTY FREE SHOP, Cristobal Pier, Civilian and Military Authorities'' have CFR part 585 and E.O. 12934 (59 FR Panama. been determined by the Treasury 54117). DUTY FREE SHOP, Patilla Airport, Department's Office of Foreign Assets Panama. EFFECTIVE DATE: April 13, 1995, or upon Control (``FAC'') to be members of the DUTY FREE SHOP, Port of Vacamonte, prior Federal Register or actual notice. Bosnian Serb civilian and military Panama. authorities. The persons contained in DUTY FREE SHOP, Torrijos Airport, FOR FURTHER INFORMATION CONTACT: J. the list of Blocked Persons and Panama. Robert McBrien, Chief, International Specially Designated Nationals of the ECONOLLANTAS, Panama. Programs, Tel.: (202) 622±2420, Office FRY (S&M) have been determined by EL DEPOSITO, Panama. of Foreign Assets Control, Department EL MILLON, Panama. of the Treasury, Washington, D.C. FAC to be (1) organized or located in the HOTEL GRANADA, Panama. 20220. FRY (S&M); (2) owned or controlled by entities that are organized or located in HOTEL NACIONAL, Panama. SUPPLEMENTARY INFORMATION: HOTEL RIANDE AEROPUERTO, the FRY (S&M); or (3) owned or Panama. Electronic Availability controlled by, or acting or purporting to act directly or indirectly on behalf of, HOTEL RIANDE CONTINENTAL, This document is available as an the Government of the FRY (S&M) Panama. electronic file on The Federal Bulletin pursuant to § 585.311 of the JOYERIA Y BOUTIQUE PRETELT, Board the day of publication in the Regulations. Many of the latter persons Panama. Federal Register. By modem dial 202/ have been included in prior notices MARINEXAM, Panama. 512±5387 or call 202/512±5130 for disks concerning blocked persons of the FRY PIEX, Panama. or paper copies. This file is available in (S&M). 57 FR 32051 (July 20, 1992); 59 PROCESOS METALICOS, S.A., Panama. Postscript, Wordperfect 5.1 and ASCII. RADIO VERBO, Panama. FR 59460 (Nov. 17, 1994). SETRACA, S.A., Panama. Background U.S. persons are prohibited from SHAHANI AUTO SUPPLIER, Panama. The Federal Republic of Yugoslavia engaging in transactions with any of the SUPERSEGUROS, Panama. (Serbia and Montenegro) Sanctions listed entities or individuals unless the TENERIA TAURO, S.A., Panama. Regulations, 31 CFR part 585 (the transactions are licensed by FAC. ZEBETEX INTERNATIONAL, S.A., ``Regulations''), were issued by the Additionally, all assets within U.S. Panama. Treasury Department to implement jurisdiction owned or controlled by Dated: March 29, 1995. Executive Orders 12808 of May 30, these persons are blocked. U.S. persons R. Richard Newcomb, 1992, 12810 of June 5, 1992, and 12831 are not prohibited, however, from Director, Office of Foreign Assets Control. of January 15, 1993, in which the paying funds owed to these persons into blocked accounts in domestic U.S. Approved: April 7, 1995. President declared a national emergency financial institutions held in the names John Berry, with respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) of the blocked persons. Notice of Deputy Assistant Secretary (Enforcement). (the ``FRY (S&M)''), invoking the blocking is effective upon the date of [FR Doc. 95±9547 Filed 4±13±95; 3:09 pm] authority, inter alia, of the International filing with the Federal Register, or upon BILLING CODE 4810±25±P Emergency Economic Powers Act (50 prior Federal Register or actual notice. U.S.C. 1701±1706) and the United Nations Participation Act (22 U.S.C. BOSNIAN SERB CIVILIAN AND Federal Republic of Yugoslavia (Serbia 287c), and ordered specific measures MILITARY AUTHORITIES and Montenegro) Sanctions against the Government of the FRY AGENCY: Office of Foreign Assets (S&M). On April 25, 1993 the President The individuals identified below are Control, Treasury. issued Executive Order 12846, blocking members of, or have acted or purported ACTION: Notice of blocking. all property and interests in property of to act, directly or indirectly, on behalf all commercial, industrial, or public of, (1) the Bosnian Serb military or SUMMARY: The Treasury Department is utility undertakings or entities paramilitary forces within the territory issuing a list of blocked persons and organized or located in the FRY (S&M), of the Republic of Bosnia and specially designated nationals pursuant including property and interests in Herzegovina, or (2) the authorities in the to Executive Order 12934 and the property of entities, wherever organized territory within the Republic of Bosnia Federal Republic of Yugoslavia (Serbia or located, owned or controlled by such and Herzegovina under the control of and Montenegro) Sanctions Regulations undertakings or entities. those forces (collectively, the ``Bosnian Federal Register / Vol. 60, No. 74 / Tuesday, April 18, 1995 / Notices 19449 Serb authorities''). The titles in this list Herzegovina; DOB: January 20, 1945, POB: 11, 1957, POB: Ljubinje, Bosnia± are self±claimed, and do not imply U.S. Radovac, Sarajevo, Bosnia±Herzegovina Herzegovina recognition of the Bosnian Serb KRECA, Milenko (Diplomat of SRBH), TRBOJEVIC, Milan (Counselor to Premier of authorities. The list provides the name, Bosnia±Herzegovina SRBH), Bosnia±Herzegovina KRUNIC, Goran (Diplomat of SRBH), Bosnia± title, location and, if known, the date of VOLAS, Cedo (President of Alliance of SRBH Herzegovina Trade Unions), Bosnia±Herzegovina birth (``DOB'') and place of birth LAJIC, Nedeljko (Minister of Transportation VRACAR, Milenko (a Governor of SRBH (``POB'') of each listed individual. The and Communication of SRBH), Bosnia± National Bank), Bosnia±Herzegovina abbreviation ``a.k.a.'' means ``also Herzegovina VUCUREVIC, Bozidar (Deputy in SRBH known as.'' The abbreviation ``SRBH'' LAKIC, Nedeljko (Secretary of SRBH), Assembly, Mayor of Trebinje), Trebinje, refers to the self±styled ``Serbian Bosnia±Herzegovina Bosnia±Herzegovina; DOB: September 22, Republic'' within the Republic of Bosnia LUKIC, Vladimir (Deputy in SRBH 1936, POB: Trebinje, Bosnia±Herzegovina and Herzegovina. All property and Assembly), Pale, Bosnia±Herzegovina; VUKOVIC, Vlado (Assistant Minister of DOB: circa 1930. Defense of SRBH) Bosnia±Herzegovina; interests in property of the following MAKSIMOVIC, Vojislav (Head of Srpska individuals are blocked if such property POB: Doboj Region, Bosnia±Herzegovina Demokratska Stranka Srpskih Zemalja ZAMETICA, Jovan (Advisor and Spokesman is in or hereafter comes within the Deputy Group, Mayor of ``Serb Sarajevo''), for President of SRBH), Bosnia± United States or the possession or Sarajevo, Bosnia±Herzegovina; DOB: 1939, Herzegovina control of a U.S. person, including POB: Ustikolina, Bosnia±Herzegovina ZIGIC, Branislava (Secretary of Ministry of overseas branches: MICIC, Momcilo (Deputy in SRBH Trade and Supply of SRBH), Bosnia± Assembly), Bosnia±Herzegovina Herzegovina Civilian Authorities MILANOVIC, Pantelija (Deputy in SRBH ZUKOVIC, Ljubomir (Minister of Education, Assembly), Pale, Bosnia±Herzegovina Science, and Culture of SRBH), Bosnia± ANTIC, Bozidar (President of SRBH Chamber MILJKOVIC, Milan (Deputy in SRBH Herzegovina of Commerce), Bosnia±Herzegovina Assembly), Doboj, Bosnia±Herzegovina BJELOJEVIC, Dragomir (Deputy in SRBH MIOVCIC, Zdravko (Chef du Cabinet of Military Authorities Assembly), Pale, Bosnia±Herzegovina Premier of SRBH), Bosnia±Herzegovina BLAGOJEVIC, Predrag (Diplomat for SRBH), NEDIC, Miladin (Deputy in SRBH Assembly), ANDZIC, Rodoljub (Colonel and Commander, Bosnia±Herzegovina Ozren, Bosnia±Herzegovina Mixed Herzegovina Air Force and Air BLAGOJEVIC, Stanko (Deputy in SRBH NINKOVIC, Milan (Minister of Defense of Defense Brigade, SRBH Forces), Bosnia± Assembly), Bosnia±Herzegovina SRBH), Bosnia±Herzegovina; POB: Doboj Herzegovina BORKOVIC, Ratko (Deputy in SRBH Region, Bosnia±Herzegovina BORIC, Grujo (Major General and
Load more

Recommended publications
  • Plan De Marketing
    S.N. Aeroportul Internaţional Timişoara „Traian Vuia” S.A. - - octombrie 2015 - Poza preluata de pe:http://libguides.nus.edu.sg/marketing 1 2 PREAMBUL Acest document a fost realizat ca urmare a dificultatilor economice cauzate de scaderea drastica a traficului aerian in perioada 2012-2014(**) avand ca scop adoptarea unor strategii si masuri de marketing care sa reprezinte solutii pentru redresarea traficului aerian si implicit redresarea financiara a societatii. Prezentul plan de marketing este in corelare cu Planul general de administrare asumat de catre Consiliul de administratie al societatii SN AIT TV (**) Scadere a fost generata in primul rand de declinul activitatii companiei aeriene Carpatair si intrarii ei in insolventa la inceputul anului 2014. Compania Carpatair detinea o pondere semnificativa, din totatlul pasagerilor transportati prin aeroportul din Timisoara. I. SCURTA PREZENTARE A SOCIETATII Sectorul în care activează AIT este cel al transporturilor aeriene de persoane şi mărfuri. Raportat la numarul de pasageri transportati, Aeroportul Timisoara este pe locul doi, dupa aeroportul din Cluj Napoca si Aeroporturi Bucuresti. Clienţii direcţi ai AIT se pot clasifica în următoarele categorii: operatorii aerieni care utilizează serviciile AIT pentru plecarea/sosirea/tranzitul curselor pe care acestea le operează; firmele de expediţii rapide; firme de servicii şi care au închiriat spaţii de la AIT (închiriere autoturisme, restaurante, etc.) Utilizatorii finali ai serviciilor AIT sunt persoanele fizice (pasagerii) Datorită faptului că serviciile AIT sunt foarte specifice şi puţin diversificate (servicii specifice destinate companiilor aeriene, închiriere de spaţii şi exploatarea parcărilor), vânzarea acestora se face în mod direct fără intermediari. La AIT există un potenţial de dezvoltare în 3 direcţii: - Pe termen scurt, deschiderea de noi destinatii si cresterea frecventelor de operare de catre companiile ce opereaza regulat pe AIT, fapt ce va putea duce la cresterea semnificativa a numărului de pasageri în următorii 3 ani.
    [Show full text]
  • National Steel Bridge Alliance
    NATIONAL STEEL BRIDGE ALLIANCE World’s Longest Bridge Spans Type of Bridge Page Suspension 1 Cable-stayed steel girder and truss 7 Cable-stayed prestressed concrete girder 13 Bridges with shop-fabricated PWS cables 16 Steel arch 19 Concrete arch 22 Cantilever truss 24 Continuous truss 27 Simple truss 29 Continuous steel plate- and box-girder 31 Prestressed concrete girder 35 Compiled by: Jackson Durkee, C.E., P.E. Consulting Structural Engineer 217 Pine Top Trail Bethlehem, Pennsylvania 18017 Note: Information has been taken from sources believed to be reliable but cannot be guaranteed. May 24, 1999 1 SUSPENSION BRIDGES Year Main Span Bridge Location Completed (ft) Design Engineer Superstructure Contractor Messina Strait Sicily - mainland Italy UD 10827 Stretto di Messina, SpA Akashi Strait1 Kobe-Naruto Route, Japan 1998 6532 Honshu-Shikoku Bridge Authority Izmit Bay Turkey UD 5538 Anglo Japanese Turkish Consortium Design engineer15 – Kvaerner, Enka, IHI, MHI, NKK Great Belt (East Bridge)5 Denmark 1998 5328 COWIConsult Coinfra SpA - SDEM Humber Hull, England 1981 4626 Freeman Fox British Bridge Builders Jiangyin1,5 Jiangyin, China 1999 4544 Highway Planning & Design Institute Kvaerner Cleveland Bridge - - Tongyi University - Jiangsu Shanghai Pujiang Cable Province - Mott MacDonald Tsing Ma2 Hong Kong 1997 4518 Mott MacDonald Kvaerner Cleveland Bridge Verrazano Narrows New York City 1964 4260 Ammann & Whitney American Bridge - Bethlehem - Harris Golden Gate San Francisco 1937 4200 Joseph B. Strauss, Charles Ellis Bethlehem - Roebling Höga
    [Show full text]
  • Third Version of Dissemination Plan
    Development and validation of hybrid propulsion system components and sub-systems for electric aircraft Deliverable D6.8 Third version of Dissemination Plan Deliverable nature Report Dissemination Level : Public Author(s) : Maršenka Marksel Barbara Božičnik Organisation responsible for deliverable: University of Maribor (UM) Delivery date: 31. 5. 2015 Start date of project : 1 September 2013 Duration : 30 months Keywords: dissemination, dissemination plan and strategy, dissemination time plan, target groups, key messages, dissemination methods, tools, channels. Abstract: The main purpose of the Dissemination plan is a creation of reliable document and solid plan for efficient knowledge dissemination among professional and general public. The dissemination strategy defines clear guidelines for the dissemination activities including all operational elements of dissemination. Project funded by the European Community under the FP7 (2007-2013). THEME 7: TRANSPORT (including AERONAUTICS). Copyright by the HYPSTAIR Consortium HYPSTAIR D6.8 Third version of Dissemination Plan Document Control Sheet Project Number FP7 - 605305 Project Acronym HYPSTAIR Project Full Title Development and validation of hybrid propulsion system components and sub-systems for electrical aircraft Project URL www.hypstair.eu Deliverable D6.8 Third version of Dissemination plan Work Package WP6: Dissemination of knowledge Document URL Date of Contractual M21 Actual M21 Delivery Issue date Version 1 29. 5. 2015 Version 2 2. 6. 2015 Version 3 Version 4 8. 6. 2015 Nature Report X Prototype Demonstrator Other Dissemination level Public X Restricted to programme Restricted to group Confidential Partners Owning: All All Partners Contributed: HYPSTAIR Consortium Page 2 of 37 HYPSTAIR D6.8 Third version of Dissemination Plan TABLE OF CONTENT DOCUMENT CONTROL SHEET .....................................................................................................................................
    [Show full text]
  • D3.4.2.6. Analysis on Public Infrastructure – Serbia
    Analysis on Public Infrastructure Serbia CSOs as equal partners in monitoring public finances September 2017 CREDITS Authors: Zvezdan Kalmar, Project Coordinator, CEKOR ([email protected]) Formatting: Emina Hasanagić, Administrative Manager, Krila nade ([email protected]) This document has been produced as a part of the project “CSOs as equal partners in the monitoring of public finance“ which started beginning of 2016 and is implemented by a consortium of 10 organizations from 7 countries and will last for four years. The aim of the project is to improve the transparency and accountability of policy and decision making in the area of public finances through strengthening the role and voice of NGOs in monitoring the institutions that operate in the area of public finances. In this way, the project will strengthen CSO knowledge of public finance and IFIs and improve CSO capacities for monitoring. Additionally, it will 1 help advocate for transparency, accountability and effectiveness from public institutions in public finance. Moreover, this project will build know-how in advocating for sustainability, transparency and accountability of public finance and IFIs. This project will also increase networking and cooperation of CSOs on monitoring of public finance at regional and EU level. Lastly, it will increase the understanding of the media and wider public of the challenges in public finance and the impacts of IFIs. Key project activities are research and monitoring, advocacy, capacity building and transfer of knowledge/practices and networking in the field of the 4 specific topics: public debt, public-private partnerships, tax justice and public infrastructure. More information about the project can be found on http://wings-of-hope.ba/balkan-monitoring-public- finance/ and on the Facebook Page Balkan Monitoring Public Finances CONTENT INTRODUCTION ..................................................................................................................................
    [Show full text]
  • Bank of China Srbija Ad Beograd Financial Statements for the Year
    BANK OF CHINA SRBIJA A.D. BEOGRAD FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 BANK OF CHINA SRBIJA A.D. BEOGRAD TABLE OF CONTENTS INDEPENDENT AUDITORS’ REPORT INCOME STATEMENT OTHER INCOME STATEMENT BALANCE SHEET STATEMENT OF CHANGES EQUITY STATEMENT OF CASH FLOW NOTES TO THE FINANCIAL STATEMENTS ANNUAL BUSINESS REPORT ANNUAL FINANCIAL STATEMENTS FOR 2020 BANK OF CHINA SRBIJA AD BEOGRAD March 2021 BANK OF CHINA SRBIJA A.D. BEOGRAD NOTES TO THE FINANCIAL STATEMENTS FOR 2020 BANK OF CHINA SRBIJA AD BEOGRAD NOTES TO THE FINANCIAL STATEMENTS FOR 2019 BANK OF CHINA SRBIJA AD BEOGRAD NOTES TO THE FINANCIAL STATEMENTS FORMarch 2019 2021 BANK OF CHINA SRBIJA AD BEOGRAD 8 NOTES TO THE FINANCIAL STATEMENTS FOR 2019 BANK OF CHINA SRBIJA A.D. BEOGRAD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 1. GENERAL INFORMATION ON THE BANK Bank of China Serbia a.d. Belgrade (hereinafter referred to as: “the Bank”) was established on 22.12.2016, when the registration of was made within the Company Registry in the Serbian Business Registers Agency. In accordance with the decision of the National Bank of Serbia dated as of 20 December 2016 and the Memorandum of Association, the Bank was registered to perform the following activities: - Deposit operations - Loan (credit) operations - Foreign exchange, foreign exchange – currency and exchange operations - Payment transaction operations - Issuance of payment cards - Securities operations - Issuance of bonds, guarantees, bill of exchange securities and other forms of securities - Purchase, sale and collection of receivables (factoring, forfaiting, etc.) - Operations as authorized by the Law - Provision of other financial services.
    [Show full text]
  • Aktivni Stečajni Postupci - Stanje Na Dan 01.10.2021
    Aktivni stečajni postupci - stanje na dan 01.10.2021. godine - Datum Datum Datum Nastavak nad Br.licence Matični broj Broj sudskog imenovanja Rbr Stečajni dužnik Datum otvaranja Privredni sud Stečajni sudija ispitnog poverilačkog stečajnom ALSU CS stečajnog Stečajni upravnik dužnika rešenja stečajnog ročišta ročišta masom upravnika upravnika RAD INTERNACIONAL 1 17086766 GP 13-03-01 Beograd ST 16/2010 Natalija Pejić Kordić 1 22-01-08 155-1752 Perković Mićo Dragan 2 7043651 RAD GP 13-03-01 Beograd 9 ST 8/2010 Natalija Pejić Kordić 1 01-01-10 155-1815 Ćirić Milenko Nevenka JES JUGOEKSPORT SISTEM JES Mirković - Nedeljković Žarko 3 7016255 KORPORACIJA 19-07-01 Beograd ST 3/2010 Natalija Pejić Kordić 1 18-05-18 155-1831 Jasmina HIDROTEHNIKA- POMORAVLJE- 4 17877798 INŽENJERING 17-08-01 Kragujevac St 5/2010 Branislav Jovović 23-12-14 1 12-11-20 155-1629 Petrović Slobodan Žaklina ROBNE KUĆE 5 7039824 BEOGRAD 15-05-02 Beograd ST 23/2010 Natalija Pejić Kordić 15-12-09 1 14-02-08 155-1748 Karan Nikola Branimir 6 17911180 INEKS INTEREKSPORT 30-08-02 Beograd ST 259/2017 Ružica Banjalučkić 10-11-17 1 26-04-06 155-1761 Borovčanin Dušan Mirko MI-TRADE-CENTAR sa 7 7658036 PO 01-10-02 Beograd St 43/2010 LJiljana Pavlović 0 14-06-18 155-1795 Vukotić Petar Stojan JASTREBAC GP obustava- nastavak 8 7145721 nad masom 09-10-02 Kraljevo ST 14/2010 Sonja Đorđević 23-01-03 12-07-16 1 02-04-13 155-1756 Dimitrijević Svetomir Snežana 9 7444141 KOLUBARA ZZ 07-11-02 Beograd ST 60/2010 LJiljana Vuković 1 19-11-16 155-1706 Rafajlović Kosta Slobodanka 10 7301405 POLJOPRODUKT
    [Show full text]
  • World Bank Documents
    Document of The World Bank Report No: ICR0000871 Public Disclosure Authorized IMPLEMENTATION COMPLETION AND RESULTS REPORT (IDA-41310) ON A CREDIT IN THE AMOUNT OF SDR 38 MILLION (US$ 55 MILLION EQUIVALENT) Public Disclosure Authorized TO THE REPUBLIC OF SERBIA FOR A FIRST PROGRAMMATIC PRIVATE AND FINANCIAL DEVELOPMENT POLICY CREDIT Public Disclosure Authorized June 26, 2008 ECSPF Public Disclosure Authorized South East Europe Country Unit (ECCU4) Europe Central Asia CURRENCY EQUIVALENTS (Exchange Rate Effective June 26, 2008) Currency Unit = Serbian Dinar RSD 1.00 = US$ 0.02 US$ 1.00 = 51.39 FISCAL YEAR January 1 – December 31 ABBREVIATIONS AND ACRONYMS BRA Bank Rehabilitation Agency BSA Bankruptcy Supervision Agency BSD Banking Supervision Department CPS Country Partnership Strategy DDO Deferred Drawdown Option DFID Department For International Development DIA Deposit Insurance Agency DIS Deposit Insurance Scheme DPL Development Programmatic Lending EAR European Agency for Reconstruction EPS Electric power industry of Serbia ESW Economic and Sector Work EU European Union FDI Foreign Direct Investment FSAP Financial Sector Assessment Program FSN Financial Sector Note GoS Government of the Republic of Serbia ICA Investment Climate Assessment ICR Implementation Completion Report MOFE Ministry of Finance and Economy MOFP Ministry of Economy and Privatization of the Republic of Serbia NBS National Bank of Serbia NIP National Investment Plan PA Privatization Agency PFDPL Private and Financial Development Policy Loan PFSAC Financial Sector
    [Show full text]
  • Monetary Conditions in the Kingdom of Serbia (1884-1914)
    Monetary Conditions in the Kingdom of Serbia (1884-1914) Branko Hinić, National Bank of Serbia Milan Šojić, National Bank of Serbia Ljiljana Đurđević, National Bank of Serbia Abstract: From 1884 to 1914, the Privileged National Bank of the Kingdom of Serbia managed to establish and maintain relatively stable monetary conditions. On the one hand, its interest rates and lending policy contributed to the lowering and stabilization of exceptionally high market interest rates, and on the other, the National Bank managed to preserve relative stability of the domestic currency. The conversion of paper money to gold or silver was ensured at all times, except in two instances – at the outbreak of the Balkan Wars and World War I. The National Bank could not eliminate agio, but did the best it could to ease its fluctuations. Agio declined as a result of a sharp turnabout in public finances never again to reach the level prior to 1903. The effectiveness of the National Bank in achieving relatively stable monetary conditions is particularly important in light of the circumstances prevailing at the time: wars and economic crises, budget deficits and internal political upheavals. It would be right to say that monetary conditions were largely shaped by the state of public finances. As budget expenditures outstripped the revenues, the government was forced to look for additional funds to cover the deficit by borrowing either abroad or locally, primarily from the National Bank. This had a direct negative effect on the level of gold reserves and indirectly affected the stability of the domestic currency and Bank lending activity.
    [Show full text]
  • Banking Sector in Serbia
    BANK SUPERVISION DEPARTMENT BANKING SECTOR IN SERBIA Fourth Quarter Report 2019 Contents: 1. BASIC INFORMATION ON SERBIAN BANKING SECTOR ................ 3 1.1 Selected parameters of the Serbian banking sector ................................ 3 1.2 Concentration and competition .............................................................. 4 2. PROFITABILITY ........................................................................................ 6 2.1 Profitability indicators ........................................................................... 6 2.2 Structure of the results ........................................................................... 7 2.3 Operating income ................................................................................... 9 2.4 Оperating expenses ................................................................................ 9 3. BANKING SECTOR ASSETS ................................................................. 10 3.1 Level and structure ............................................................................... 10 3.2 Classified assets ................................................................................... 12 3.3 Loans .................................................................................................... 13 3.4 Non-performing loans .......................................................................... 16 4. BANKING SECTOR LIABILITIES ......................................................... 23 4.1 Structure of the sources of funding .....................................................
    [Show full text]
  • Bojan Marković: National Bank of Serbia's Outlook on Inflation
    Bojan Marković: National Bank of Serbia’s outlook on inflation Speech by Mr Bojan Marković, Vice Governor of the National Bank of Serbia, at the presentation of the Inflation Report, Belgrade, 16 May 2012. * * * Ladies and gentlemen, esteemed members of the press and fellow economists, Declining steadily over the last year, inflation fell in April to 2.7% year-on-year, its lowest level since comparable records are available from the beginning of 1980. Consistent with our projections from the previous Inflation Reports, the inflation figure is slightly below the lower bound of the target tolerance band for April. From May, however, we expect inflation to rise at a moderate pace and to move temporarily around the upper bound of the target tolerance band in late 2012 and the first half of 2013, only to return back towards the target thereafter. Gross domestic product declined in the first quarter due to extremely cold weather, but also due to the contraction in economic activity of our key foreign trade partners. Recessionary trends in the euro area will continue to have a negative impact on the Serbian economy in the remainder of the year, but modest economic growth of 0.5% is still expected in 2012 given the start of production in the automotive industry. The National Bank of Serbia last revised its key policy rate in January by cutting it down to 9.5%. In April, the National Bank of Serbia amended the Decision on Required Reserves, lowering the FX reserve requirement ratio and increasing the share of FX required reserves to be allocated in dinars.
    [Show full text]
  • ROADS of SERBIA” ZORAN DROBNJAK “When You Want to Develop an Area, Equip It with Good Roads”, Prof
    INTRODUCTION ACTING DIRECTOR OF THE PE “ROADS OF SERBIA” ZORAN DROBNJAK “When you want to develop an area, equip it with good roads”, prof. dr Milan Vujanić says and I entirely agree with this. Interdependence of industry and roads is quite evident because roads, in addition to their main function concerning the transport of people and goods, also generate growth and development of all places through which the road network passes as well as all other which are indirectly connected with motorways and other important routes in the Republic of Serbia. Thus it is the main dedication of the PE “Roads of Serbia” to achieve what is expected from us – to successfully finish all investments and provide the same level of quality of all the roads in Serbia with constant increase of the level of traffic safety, with cordial assistance of the Government of the Republic of Serbia and the Ministry of Construction, Transport and Infrastructure. This is an imperative of our work, not only because of the expectations in front of us regarding the accession to the European Union, but also because good roads are one of the pillars of every serious and modern country. Road towards the achievement of big results starts with the devotion of individuals, each one of us. Owing to an exceptional devotion of the employees in the PE “Roads of Serbia”, achievement of the adopted plans is possible, regardless of the difficulties and not always favourable work conditions which the time sets upon us. Daily perseverance, devotion and openness of our employees to new knowledge and changes is obvious.
    [Show full text]
  • Construction Company Mostogradnja JSC Belgrade General Information
    Construction company Mostogradnja JSC Belgrade General Information Construction company Mostogradnja JSC Full legal name Belgrade Address Vlajkovicevast. 19a, Belgrade Identification Number 07023251 Core activity Construction of bridges and tunnels Foundation Year 1945 Number of Employees 971 Capital structure (in%) Shareholders’ fund 15.88 Pension and Disability Fund 5.38 Republic of Serbia 32.36 Others 46.38 General Information Distance from the Company to: Belgrade 0 km Regional Center 0 km Main Road 5 km Port 3 km railway 3 km Location / Business Units Mostogradnja is organized into various Business Units located throughout Serbia. Each individual location operates as an independent profit center with the Company’s administrative office managing large projects and distributing various resources among the business units as deemed necessary. The constant communication and cooperation between each of the business units and administration is a major factor in Mostogradnja’s ability to execute complex tasks effectively throughout the country. Administration: Responsible for all business units as well as organization of planning, design and execution of all major projects; The General Manager, Administrative departments such as Legal, Marketing, Quality Control and Finance are all based at this location. Mechanization: Responsible for large machinery which it loans to other profit centers upon request; engages in procurement, regular and investment maintenance of heavy machinery, equipment and tools. Catering: Responsible for the planning,
    [Show full text]