The document discusses the Serbian Wordnet project which aims to develop a lexical semantic network for the Serbian language similar to Princeton WordNet. It provides details on the status of the Serbian Wordnet in 2004 according to the BalkaNet project report and its status in 2007, noting increases in the number of synsets, literals, and average number of senses per literal. The Serbian Wordnet project is developing a lexical semantic resource for the Serbian language to support natural language processing applications in biomedical sciences.