http://blog.b92.net/blog/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ Rosemary Bailey Brown sr http://blogs.law.harvard.edu/tech/rss rss@b92.net rss@b92.net Blog A-JE! RSS generator v0.3 Fri, 10 Feb 2012 15:19:21 +0000 http://blog.b92.net/user_stuff/avatars/mali/247/10247.jpg http://blog.b92.net/ 50 50 http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k225304 this may happen. ]]> http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Mon, 07 Apr 2008 14:13:45 GMT Brooklyn http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k223926 With the "sub-prime" credit crunch still not reaching the peak, it will be happening even more often over the next couple of years.Even the largest banks in the world, like UBS are having troubles because there is no inter-bank liquidity. The banks do not know the size of exposure to bad debts, so they do not want to lend to each other.
It was not very much publicised,but the National Bank of Serbia has recently interveened several times with many millions of dollars to help liquidity in Serbian banking - meaning that without these interventions some of the banks would have closed by now.
The Deutche bank has within the last couple of weeks refused to provide loans or guarantees for large projects in Serbia (Horgos-Pozega hihway construction and privatisation of Bore copper smelting complex). This was partly due to the "credit crunch" but possibly also due to the weird behaviour of the "technical government" of V.Kostunica.
Serbia had in the not that distant past several banks going under, and during the Milosevic years, bank deposits were regularly fleeced by Milosevic and cronies.
Even today, most of the savers have not been reimbursed yet.
So my advice is, do not under any circumstances keep your capital in a bank in Serbia. If you must keep your money in a bank, keep it in the nearest branch accross the border in Hungary or Croatia. ]]> http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Sat, 05 Apr 2008 12:26:00 GMT janos http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k223719 http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Fri, 04 Apr 2008 21:52:24 GMT man ray loves me http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k223543 if they go bankrupt, who, if anybody, reimburses the clients?

In the US banks must have FDIC insurance which reimburses the banks clients on case of the banl forclosing.
However, the FDIC only cover amounts of up to $100,000. So anything above this level is theoretically uninsured. There should be a similar sistem in Europe, though the amount may be different. ]]> http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Fri, 04 Apr 2008 17:41:57 GMT Solomon http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k223536 Those banks are not franchises and operate under the ownership of mother companies (eg Banca Intesa, Reiffeisen and others...)
I worked for a Czech firm for a while. They proposed I open an account at Raiffeisen, so they could pay me without some additional fee to the bank since they have a special contract with Raiffeisen in Europe. I did so. When the payment came, it turned out Raiffeisen Serbia has to charge me the fee since, in their own words, they have nothing to do with Raiffeisen Europe.
The big question being - if they go bankrupt, who, if anybody, reimburses the clients? ]]> http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Fri, 04 Apr 2008 17:24:27 GMT man ray loves me http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k223110 http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Fri, 04 Apr 2008 07:24:59 GMT blue rider http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k222248 My favorite location - if I ever return to Serbia- would be one of the villages on the bank of Danube between Belgrade and Novi Sad (Stari Banovci, Surduk, Stari/Novi Slankamen etc);

My man :)


]]> http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Thu, 03 Apr 2008 07:41:09 GMT Torpedo http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k221812
Mosquito window nets are compulsory though :) ]]> http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Wed, 02 Apr 2008 19:36:10 GMT sarum http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k221760 If you cn survive February, then you'll find life in Serbia just peachy.
February is terrible.
Cold, Damp, Minimal sunlight, mud everywhere, road conditions are a disaster, everyone has the flu, nothing's going on, and everybody is lethargic from stuffing themselves at Holiday feasts since November.
Februrary just sucks. It really collects all the negatives Serbia can dish out.
If you can make it through February.... you'll have no problem living in Serbia.
]]> http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Wed, 02 Apr 2008 18:37:42 GMT Solomon http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/ http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#k221757 http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/#komentari Wed, 02 Apr 2008 18:28:18 GMT skyspoter http://blog.b92.net/text/2700/Considering%20Retiring%20to%20Serbia%3F%20My%20Tips%20%2B%20Your%20Advice%3F/