Breaking News


Serbia Will Ask Russia for ‘Budgetary Support’ Loan, Blic Says

Serbia will ask Russia to switch part of a loan approved for railway upgrades into budget aid, Blic reported, citing Finance Minister-Designate Mladjan Dinkic.

Russia has approved $800 million for the rail upgrade and “we have signals that a part, worth a couple of hundred million dollars, will be transformed into budgetary support,” Blic cited Dinkic as saying.

To contact the reporter on this story: Gordana Filipovic in Belgrade at

To contact the editor responsible for this story: James M. Gomez at

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.