Many analysts believe that the Russian economy has reached a dead end. The crisis is deepening and experts agree that with the existing internal and external conditions the current growth potential of the Russian economy does not exceed 1-2 per cent per year.
Following the memorable changeover in the presidency of Russia in 2012, when Vladimir Putin and Dmitry Medvedev simply swapped places, a new plan of national development was formulated for Putin's next term in office.
The European Commission (EC) issued a report on the Serbia’s progress in reforms and praises Serbian economic developments. Good progress is achieved in some major areas, particularly with regard to the budget deficit.
A small, southeast European country – Montenegro has been awarded by the European Commission. Brussels has confirmed Montenegro’s first (though ex aequo with Serbia) position in the race for membership in the European Union.