To Serbia's Military Come at a Cost
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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. -
Authenticity in Electronic Dance Music in Serbia at the Turn of the Centuries
The Other by Itself: Authenticity in electronic dance music in Serbia at the turn of the centuries Inaugural dissertation submitted to attain the academic degree of Dr phil., to Department 07 – History and Cultural Studies at Johannes Gutenberg University Mainz Irina Maksimović Belgrade Mainz 2016 Supervisor: Co-supervisor: Date of oral examination: May 10th 2017 Abstract Electronic dance music (shortly EDM) in Serbia was an authentic phenomenon of popular culture whose development went hand in hand with a socio-political situation in the country during the 1990s. After the disintegration of Yugoslavia in 1991 to the moment of the official end of communism in 2000, Serbia was experiencing turbulent situations. On one hand, it was one of the most difficult periods in contemporary history of the country. On the other – it was one of the most original. In that period, EDM officially made its entrance upon the stage of popular culture and began shaping the new scene. My explanation sheds light on the fact that a specific space and a particular time allow the authenticity of transposing a certain phenomenon from one context to another. Transposition of worldwide EDM culture in local environment in Serbia resulted in scene development during the 1990s, interesting DJ tracks and live performances. The other authenticity is the concept that led me to research. This concept is mostly inspired by the book “Death of the Image” by philosopher Milorad Belančić, who says that the image today is moved to the level of new screen and digital spaces. The other authenticity offers another interpretation of a work, or an event, while the criterion by which certain phenomena, based on pre-existing material can be noted is to be different, to stand out by their specificity in a new context. -
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 -
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. -
Serbia Turns Blind Eye to Rare Bird Slaughter
Issue No. 211 Friday, July 22 - Thursday, September 08, 2016 ORDER DELIVERY TO Belgrade ‘failing to Political Must-see YOUR DOOR +381 11 4030 303 develop satirists eye music [email protected] - - - - - - - ISSN 1820-8339 1 mid-market Belgrade local festivals BELGRADE INSIGHT IS PUBLISHED BY 0 1 tourism’ elections in August Page 5 Page 9 Page 13 9 7 7 1 8 2 0 8 3 3 0 0 0 Even when the Democrats longas continue to likely is This also are negotiations Drawn-out Surely the situation is urgent Many of us who have experi We feel in-the-know because bia has shown us that (a.) no single no (a.) that us shown has bia party or coalition will ever gain the governa form to required majority negotiations political (b.) and ment, will never be quickly concluded. achieved their surprising result at last month’s general election, quickly itbecame clear that the re sult was actually more-or-less the result election other every as same in Serbia, i.e. inconclusive. as Serbia’s politicians form new political parties every time disagree with they their current party reg 342 currently are (there leader political parties in Serbia). istered the norm. One Ambassador Belgrade-based recently told me he was also alarmed by the distinct lack of urgency among politicians. Serbian “The country is standstill at and a I don’t understand their logic. If they are so eager to progress towards the EU and en theycome how investors, courage go home at 5pm sharp and don’t work weekends?” overtime. -
Dragan Kapicic Myths of the Kafana Life Secrets of the Underground
investments s e i t r e p o offices r p y r u x u l houses apartments short renting Dragan Kapicic Myths of the Kafana Life Secrets of the Underground Belgrade Impressions of the foreigners who arrive to Serbia Beach in the Centre of the City 2 Editorial Contents ife in Belgrade is the real challenge for those who have decided to spend part of their THEY SAID ABOUT SERBIA 04 lives in the Serbian capital. Impressions of the foreigners who arrive LReferring to this, one of our collocutors to Serbia through economic and in this magazine issue was the most emotional - Dragan Kapicic, one-time diplomatic channels basketball ace and the actual President of the Basketball Federation of Serbia. ADA CIGANLIJA Belgrade is also the city of secrets since 06 it has become a settlement a couple Beach in the Centre of the City of thousands years ago. Mysteries are being revealed almost every day. INTERVIEW The remains of the Celtic, Roman, 10 Byzantine, and Turkish architectures DRAGAN KAPICIC, are entwined with the modern ones The Basketball Legend that have been shaping Belgrade since the end of the 19th century. Secretive is also the strange world SPIRIT OF THE OLD BELGRADE 12 of underground tunnels, caves and Myths of the Kafana Life shelters that we open to our readers. Many kilometres of such hidden places lie under the central city streets and APARTMENTS 18 parks. They became accessible for visitors only during the recent couple short RENTING of years. 27 Also, Belgrade has characteristic bohemian past that is being preserved HOUSES 28 in the traditions of restaurants and cafes. -
Descriptive Geometry in Serbia at the End of the 19Th Century, in the Work
Katarina Jevtić-Novaković Descriptive Geometry in Serbia at the Ph.D., Professor of Applied Studies, end of the 19th Century, in the Work of College of Civil Engineering and Geodesy, Belgrade Serbia Dimitrije Stojanović Olga Timčenko In this paper we will look at the early history of teaching descriptive Ph.D., Associate Professor, geometry in Serbia, concentrating on Dimitrije Stojanovic’s "Methodo– Design and Media Technology, logy of Descriptive Geometry". This book was 25 years in the making, he Aalborg University, Copenhagen started writing it in 1874, completed and published it in 1899. So com– Denmark prehensive was this textbook that though it was written in the last quarter of 19th century it exceedes many modern textbooks in its scope. It has 692 Marija Divac pages of the text and 462 drawings, which were separately printed at the Assistant, PhD student end of the book. Stojanovic’s "Methodology of Descriptive Geometry" is College of Civil Engineering and Geodesy, Belgrade the first attempt to synthesize descriptive and projective geometry. Serbia Keywords: Dimitrije Stojanovic, descriptive geometry, projective geometry, synthesis, Serbia 1. INTRODUCTION which would grow into the University in the beginning of 20th century, in 1905. The existing departments The development of higher education in Serbia began in developed into faculties of the Higher School: Philo– the 19th century. It is related to the creation of a modern sophical, Law and Technical. Serbian state, after liberation from centuries old Turkish With regard to studying Geometry in Serbia, in rule. The development of the education system and its Lyceum it was studied as a separate subject, with a modernization was accompanied by numerous obstac– modest curriculum, as it can be seen from the textbook les, mostly lack of funds, as well as by conflicts and di– “Elementary Geometry” from 1841 by Atanasije sagreements over different ideas about the creation of Nikolic. -
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Goran Skrobonja RUBBER SOUL PROJEKT: PUTOVANJE Alternativna muzička istorija/ konceptualni eksperiment THE RUBBER SOUL PROJECT JOURNEY Alternative music history / a conceptual experiment DRAMATIS PERSONAE: DRAMATIS PERSONAE: (po redu izlaska na scenu) (in the order of appearance) RASTKO ĆiRiĆ (Beograd, 1955) Rastko ĆiRiĆ (Belgrade, 1955) Profesor ilustracije i animacije Professor of illustration and anima- na Fakultetu primenjenih umet tion at the Faculty of Applied Arts nosti u Beogradu. Poznati ilu in Belgrade. Well known illustrator strator i animator. Samouki and animator. Self-taught musician. mu zičar. Dugo godišnji Bitls fa Long-standing Beatles fanatic. natik. GORAN SKROBONJA (Belgrade, GORAN SKROBONJA (Beo 1962) Lawyer and Sworn to Court grad, 1962) Dipl. prav nik i sud ski tumač, književni prevodilac i Interpreter, literary translator and pisac horora i naučne fantastike. writer of horror and science fiction. Dugogodišnji Bitls fanatik. Long-standing Beatles fanatic. NEBOJŠA IgnjatoviĆ–NEBE NEBojŠa IGNJAToviĆ–NEBE (Beograd, 1951) Profesor kon (Belgrade, 1951) double bass profes- trabasa na Fakultetu muzičke sor at the Faculty of Music Arts in umetnosti u Beogradu. Kom Belgrade. Composer and theater mu- pozitor i teatarski muzičar. Bivši sician. A former member of the Bel- član Beogradske filharmonije, grade Philharmonic Orchestra Sko- orkestra Skovran, grupe Rene- vran, Renaissance Group, Symphony sans, Simfonij skog orkestra Nju Orchestra of New Jersey, USA. Long- Džersija, SAD. Dugogodišnji standing Beatles fanatic. Bitls fanatik. MIROSLAv CvetkoviĆ MIroslav CVETKOViĆ (Beo (Belgrade, 1953) bass guitarist in the grad, 1953) Bas gitarista u Ba Bajaga’s band. Sound engineer and jaginom bendu. Inženjer zvuka i producent. Osnivač i dekan producer. Founder and Dean of the beogradske Rok akademije. -
Wiiw Forecast Autumn 2017
ROMANIA 103 Forecast Report / Autumn 2017 ROMANIA: Economic deceleration to follow the current boom GÁBOR HUNYA Economic growth in Romania is expected to climb to 5.7% in 2017 and to subside to 4.5% in the following two years. Household demand has boomed and investments have stagnated this year. The most recent measures aim to keep the fiscal deficit below 3% of GDP. Inflation has returned to positive figures and is bound to accelerate, putting the National Bank under pressure to hike the prime rate. Figure 45 / Romania: Main macroeconomic indicators Inflation and unemployment, in % Real GDP growth and contributions Household final consumption Government final consumption Consumer prices, annual growth Gross fixed capital formation Change in inventories Unemployment rate, LFS % Net exports GDP total 8 8 7 6 6 5 4 4 3 2 2 0 1 0 -2 -1 -2 -4 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 Source: wiiw Annual Database incorporating national and Eurostat statistics, own calculation. Forecasts by wiiw. Economic growth accelerated to 5.9% in the first half of 2017 and a similar rate is expected for the year as a whole. Pro-cyclical fiscal measures have stimulated a boom in household consumption, while investments have been essentially stagnant. A deterioration of the external balance occurred in the wake of surging imports of consumer goods and despite rapidly rising exports. In the real sector both industry and agriculture registered high rates of output growth, while construction contracted. Infrastructure investments suffered delays waiting for the resumption of projects co-financed from EU funds. -
CP Social Awards
HARMONY GENEVA MARATHON FOR UNICEF WILL RECEIVE THE AIMS SOCIAL AWARD FOR 2019 The Swiss race will be presented with the Award at the 2019 AIMS Best Marathon Runner Gala The Association of International Marathons and Distance Races (AIMS), the member organisation representing more than 460 of the world’s leading distance races is pleased to announce the Harmony Geneva Marathon for Unicef from Switzerland will receive the 2019 AIMS Social Award. The award, which recognises races working towards achieving the 17 Sustainable Development Goals of the United Nations*, will be presented during the seventh annual AIMS ‘Best Marathon Runner’ (BMR) Awards Gala to be held in the birthplace of the Marathon in Athens, Greece on 8 November 2019. The two other shortlisted races were the Dhiraagu Maldives Road Race (Maldives) – 2nd & the Kingston City Marathon, Half Marathon, 10K and 5K (Jamaica) – 3rd. Since 2010 the Harmony Geneva Marathon has been in partnership with Unicef, supporting the program ‘WASH: Water, Sanitation, Hygiene’ and their Sustainable Development Goal of ensuring access to water sanitation for all. To date the race has raised more than 440,000 Swiss Francs which has financed the installation of 1,000 water pumps in different countries. From 2020, the Harmony Geneva Marathon for UNICEF will support UNICEF Malawi to provide solar water pumps – a reliable, sustainable, user friendly and green technology solution for rural communities. In addition, the race manages a clothes collection point in the Marathon Village in association with the organisation Bilifou to benefit young people in Burkino Faso. This partnership has seen over 1,000kgs of clothes collected. -
Lawyers War with Ministry Paralyses Serbian Judiciary
the speech that Serbia’s Prime Min Prime Serbia’s that speech the from quotes the of one Bell but Dolly sought. lawyers the changes substantial the deliver not do provisions the ed that stat Lawyers SerbianChamberof the 30th, October on laws related ries and Nota on Law the to amendments the isworsening. ny image to London audience London to image sells reformist Vučić on Continued A conflict. the to befound urgently resolution must say experts accusations, bitter trade lawyers striking and ministry justice Serbia’s While Serbian judiciary paralyses ministry with war Lawyers “I Dimitar reformer. economic great region’s himself asthe rebrand to wants peacemaker’ Balkan ‘the that confirms LSE the to speech Serbian leader’s The Gordana Gordana COMMENT Although the government adopted adopted government the Although Bechev ANDRIĆ sic Do You Remember Remember DoYou sic clas 1981 Emir Kusturica’s from anecho isnot that No, things.” new learning day, every am changing as ever and the acrimo the and as ever away isasfar on ministry the with adeal strike, on inSerbia went yers law since 50days bout page 3 shiners face face shiners Belgrade’s Belgrade’s last shoe- last +381 11 4030 306 114030 +381 oblivion Page 4 - - - - - - and underscoring the fact that the the that fact the underscoring and Parade Pride Gay recent the dled han government the how recalling freedom, media on questions tough off fending confidence, projected er 27 October Monday London School of Economics,LSE, on the at made Vučić, Aleksandar ister, 17 onSeptember onstrike went Serbian lawyers Facing a packed hall, Serbia’s lead hall,Serbia’s apacked Facing Issue No. -
Prijedlozi Za Nominacije
glazbena nagrada 2020. 27 Porin knjizica A4 KB crna.indd 1 28/01/20 00:14 SADržaj OPĆE NAGRADE stR. 4-17 sVA GLAZBENA PODRUČJA 1 (KATEGORIJE 1-3) ALBUM GODINE PJESMA GODINE NOVI IZVOĐAČ GODINE POsEBNA GLAZBENA PODRUČJA stR. 18-31 zabavna, POP, ROck, ALternativna i klupskA glazba 2 (KATEGORIJE 4-12) NAJBOLJI ALBUM ZABAVNE GLAZBE NAJBOLJI ALBUM POP GLAZBE NAJBOLJI ALBUM ROCK GLAZBE NAJBOLJI ALBUM ALTERNATIVNE GLAZBE NAJBOLJI ALBUM klupske GLAZBE NAJBOLJA ŽENSKA VOKALNA IZVEDBA NAJBOLJA MUŠKA VOKALNA IZVEDBA NAJBOLJA IZVEDBA GRUPE S VOKALOM NAJBOLJA VOKALNA SURADNJA JAZZ GLAZBA stR. 32-35 (KATEGORIJE 13-15) 3 NAJBOLJI ALBUM JAZZ GLAZBE NAJBOLJA SKLADBA JAZZ GLAZBE NAJBOLJA IZVEDBA JAZZ GLAZBE FOLkLORNA i EtNO GLAZBA stR. 36-39 (KATEGORIJE 16-20) 4 NAJBOLJI ALBUM FOLKLORNE GLAZBE NAJBOLJI ALBUM etno GLAZBE NAJBOLJI ALBUM klapske GLAZBE NAJBOLJI ALBUM TAMBURAŠKE GLAZBE najbolji ALBUM POP-folklorne glazbe 2 27 Porin knjizica A4 KB crna.indd 2 28/01/20 00:14 ARANŽMAN, PRODUKCIJA, sNiMkA stR. 40-57 (iZVAN kLAsiČNE GLAZBE) 5 (KATEGORIJE 21-23) NAJBOLJI ArANŽMAN NAJBOLJA PRODUKCIJA NAJBOLJA SNIMKA kLAsiČNA GLAZBA stR. 58-65 (KATEGORIJE 24-28) 6 NAJBOLJI ALBUM KLASIČNE GLAZBE NAJBOLJA SKLADBA KLASIČNE GLAZBE NAJBOLJA IZVEDBA KLASIČNE GLAZBE NAJBOLJA SNIMKA ALBUMA KLASIČNE GLAZBE NAJBOLJA PrODUKCIJA ALBUMA KLASIČNE GLAZBE sVA GLAZBENA PODRUČJA stR. 66-81 (KATEGORIJE 29-37) 7 najbolji ALBUM za DJECU NAJBOLJI TEMATSKO-POVIJESNI ALBUM NAJBOLJI ALBUM POPULARNE DUHOVNE GLAZBE NAJBOLJI ALBUM S rAZNIM IZVOĐAČIMA 3 NAJBOLJI koncertni ALBUM NAJBOLJI INSTRUMENTALNI ALBUM (IZVAN KLASIČNE I JAZZ GLAZBE) NAJBOLJA INSTRUMENTALNA IZVEDBA (IZVAN KLASIČNE I JAZZ GLAZBE) NAJBOLJI VIDEO BROJ NAJBOLJE LIKOVNO OBLIKOVANJE 4 3 27 Porin knjizica A4 KB crna.indd 3 28/01/20 00:14 OPĆE NAGRADE sVA GLAZBENA PODRUČJA (KATEGORIJE 1-3) ALBUM GODINE 1 PJESMA GODINE NOVI IZVOĐAČ GODINE 4 27 Porin knjizica A4 KB crna.indd 4 28/01/20 00:14 Kategorija 1 / Album GODiNE Ovo je kategorija za albume iz svih glazbenih područja s pretežno (51% ili više) novim snimkama.