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SERBIA - Early parliamentary elections looming (January 24, 2014)

• Early parliamentary elections are looming in spring together with municipal elections in Belgrade.
• Fitch downgraded the long term sovereign rating from BB- to B+ citing the continued deterioration of the fiscal position.
• Central Bank maintained interest rates unchanged at 9.5% contrary to analyst expectations
• EU accession negotiations begun formally with the first intergovernmental conference on January 21st