Tabakovic: Macroeconomic stability preserved, inflation within target band

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Friday macroeconomic stability in Serbia had been preserved and that inflation was down to within the target tolerance band of 3±1.5 pct.

"The 3.9 pct real GDP growth in 2024 was definitely among the highest in Europe while also being more than 18 pct higher relative to the pre-pandemic level. By preserving and advancing further the favourable investment environment, we have ensured that Serbia remains the leader among Western Balkan countries when it comes to attracting FDI, with that inflow reaching a record-high 5.2 bln euros last year," Tabakovic said at a session of the parliamentary committee on finance.

She noted that the level of FX reserves had increased further to a record-high 29.3 bln euros at end-2024, with gold accounting for over 13 pct of the total, which she said was a guarantee of the security and stability of the Serbian economy and the national currency.