Serb current-account gap falls
Serbia’s current-account deficit shrank in April amid rising exports and remittances even as portfolio investors pulled out of Serbian assets for the first time since last July. The gap of €135.5 million ($179.03 million) in April was 37% lower than in the same month last year and fell 59% from a revised €331.3 million in March. The four-month cumulative gap fell 46% on year to €757.8 million, according to data published by the National Bank of Serbia on Thursday.
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