Mar 12, 2009

Serbian black market 'thriving'

Subotica open air market market, made famous for its black market deals during the 1990s Balkan wars, is booming again as cash-strapped Serbians hunt for deals during the economic crisis.

Back in the 1990's thousands of Serbians travelled to Subotica, 200 kilometres north of Belgrade, to buy cheap Hungarian-made food and other consumer goods at discount prices.

Trading gradually died down after the ousting of former President Slobodan Milosevic in 2000, after which Serbia embarked on a path to economic recovery.

Then late last year the global credit crunch hit Serbia and Montenegro, sending food prices and unemployment soaring.

Now Subotica market is back in business.

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