Impressum and Table of ContentsFrom the EditorReviewEconomic ActivityEmployment and WagesBalance of Payments and Foreign TradePrices and the Exchange RateFiscal Flows and PolicyMonetary Flows and PolicyInternational EnvironmentHighlights 1 - Fiscal consolidation and reforms – results and obstaclesHighlights 2 - Personal income tax reform in SerbiaHighlights 3 - Facts About Regional Differences in SerbiaHighlights 4 - Non-performing Loans in Region and SerbiaQM32 Complete