Serbia has moved one step closed to having a localized version of its country-code top-level domain added to the DNS root, after ICANN approved its choice of string.
According to the Serbian National Register of Internet Domain Names (RNIDS), which manages .rs, ICANN has told it the Cyrillic string .срб has been approved (Serbian PDF).
The ccTLD would become the second Cyrillic namespace to be approved, after the Russian Federation, under ICANN’s internationalized domain name fast-track process.
Wikipedia tells me that Serbian is the only European language to use both Latin and Cyrillic characters, but that nowadays Cyrillic is the only official script.
I believe the Latin transliteration of the approved string is .”srb”.
RNIDS said it expects to start accepting registrations in the second half of 2011, following public consultations.