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Creating better business environment in Serbia
Belgrade,
12 May 2014
Prime Minister Aleksandar Vucic said today that he discussed with representatives of more than 50 foreign investors in Serbia how to give incentives to investors and create a better business environment in Serbia.
At a press conference held after a meeting with representatives of the banking sector, foreign companies and construction companies operating in Serbia, Vucic said that largest foreign investors in Serbia agreed that the state should guarantee for infrastructure works.
Vucic said that investors should be fully confident that the state will provide the construction of infrastructure for their projects.
He said that at today's meeting with bank representatives it was agreed that that the banks will receive €60 million from the state in order to offer €1.2 billion in subsidised loans for the economy, and expressed the hope that only 10% of that money will go for refinancing of the existing loans.
Vucic said that they also discussed subsidised loans which will not only increase liquidity of domestic companies, but also financial relaxation.
According to Vucic, the cost will be partially offset by a reduction of the gray economy.
Vucic said that tackling gray economy this year is expected to bring an additional €100 million in revenue for the budget.
We plan to increase revenues to between €500 million and €700 million by 2017 in that respect, he announced.
The Prime Minister said that at a meeting with more than 40 representatives of construction companies in Serbia it was noted that the state will help the sector as far as it can, noting that the situation in the industry will have to change.
Vucic said that investors should be fully confident that the state will provide the construction of infrastructure for their projects.
He said that at today's meeting with bank representatives it was agreed that that the banks will receive €60 million from the state in order to offer €1.2 billion in subsidised loans for the economy, and expressed the hope that only 10% of that money will go for refinancing of the existing loans.
Vucic said that they also discussed subsidised loans which will not only increase liquidity of domestic companies, but also financial relaxation.
According to Vucic, the cost will be partially offset by a reduction of the gray economy.
Vucic said that tackling gray economy this year is expected to bring an additional €100 million in revenue for the budget.
We plan to increase revenues to between €500 million and €700 million by 2017 in that respect, he announced.
The Prime Minister said that at a meeting with more than 40 representatives of construction companies in Serbia it was noted that the state will help the sector as far as it can, noting that the situation in the industry will have to change.
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