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The Government of the Republic of Serbia

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Reforms to lead to better business environment in Serbia

Belgrade, 11 July 2014

Prime Minister Aleksandar Vucic stated that he is absolutely committed and dedicated to the implementation of reforms in Serbia, primarily in order to create a favourable climate for doing business and attracting investments, and that he believes that this process will be successful.

Reforms to lead to better business environment in Serbia

Author: cnbc.com

In an interview published today by American TV station CNBC, Vucic said that Serbia’s task is to implement all political and economic reforms within the next three to four years, and then it will be up to EU member states to decide whether they want to accept Serbia as a member.

Asked how the government of Serbia is coping with the difficult economic situation, the Prime Minister pointed out that reforms have been delayed for decades and that now practically everything must be done in order to create a better business environment.

He announced that in this context the Serbian parliament will adopt the labour law, the laws on privatisation, bankruptcy, and planning and construction over the next few days.

On its path towards the EU, Serbia has to create a really attractive place for foreign investors, Vucic said, and confirmed that our country is able to do so.

Commenting on the opinions of those who believe that there is a possibility for the EU to pass again through a banking crisis and that it might be better to wait a bit and see if the EU is ready to accept new members, Vucic said that the philosophy of Serbia and his own are completely the opposite.

Vucic said that Serbia will not wait for any kind of support or assistance from the EU because it has to come to grips with difficult issues.

Serbia is facing one of the largest fiscal deficit in Europe and it will have to take measures for fiscal consolidation, which will be difficult for the citizens, the Prime Minister said.

But, he added, we are determined to do it because we want to be part of the EU as a healthy country, which will be able to create a better business climate, and we do not expect others to solve all our problems.