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Government to set aside 15 million dinars for participation of sportsmen at Mediterranean Games
Belgrade,
21 April 2005
Serbian Minister of Education and Sport Slobodan Vuksanovic said that the government will allocate 15 million dinars to prepare the national sporting associations at the 15th Mediterranean Games, which will take place from June 24 to July 3 in Spain.
Vuksanovic added that over 400 million dinars was earmarked for Universiade.
Serbian Minister of Finance Mladjan Dinkic said that the government secured 5 million dinars to finance young football players.
The government approved the Bill on amendments to the Law on public companies and activities of general interest, Dinkic told a press conference today.
According to him, the Bill stipulates that local public companies will have to request the government's permission in order to increase salaries or prices of their services. The inflation in the first quarter of the year was higher than planned, the Finance Minister warned.
Minister Dinkic said that the government decided to announce a tender for the election of an external auditor for the revision of the 2004 budget final account, and added that external auditors for the budget revisions for 2002 and 2003 have been chosen.
He explained that the Ministry of Finance will submit to the Serbian parliament the final accounts of the budgets for 2002, 2003 and 2004 before the adoption of the Law on the 2006 budget. He stressed that this will be the first time in the history of Serbia's public finance that an external audit will be carried out by an independent auditor.
The government allowed the Ministry of Capital Investment to announce a tender for construction works on the Prokop railway station in Belgrade.
The government also decided to accept a €20 million soft loan from the Council of Europe Development Bank for the construction of 1,000 apartments for refugees and the underprivileged. The loan will have a twenty-year repayment period and an interest rate between one and two percent annually. Dinkic voiced hope that the Development Bank will approve this loan to Serbia by June this year.
Serbian Minister of Economy Predrag Bubalo said that negotiations with the IMF in Washington were very complex and difficult, but stressed that Serbia's structural reforms were highly praised, which should definitely refute all negative assessments of the success of reforms in Serbia.
Bubalo said that the government adopted a Report on the realisation of the programme of allocation and use of subsidies of the Serbian Development Fund in 2004.
According to Bubalo, the Fund allocated 1.2 billion dinars for the development of small and medium-sized enterprises in underdeveloped regions and ethnically mixed areas.
The Minister said that the loans were mostly allocated to export-oriented companies and for projects that included the creation of new jobs.
The government also approved the announcement of a tender for consultancy services in the telecommunications sector, Bubalo said.
Serbian Minister of Finance Mladjan Dinkic said that the government secured 5 million dinars to finance young football players.
The government approved the Bill on amendments to the Law on public companies and activities of general interest, Dinkic told a press conference today.
According to him, the Bill stipulates that local public companies will have to request the government's permission in order to increase salaries or prices of their services. The inflation in the first quarter of the year was higher than planned, the Finance Minister warned.
Minister Dinkic said that the government decided to announce a tender for the election of an external auditor for the revision of the 2004 budget final account, and added that external auditors for the budget revisions for 2002 and 2003 have been chosen.
He explained that the Ministry of Finance will submit to the Serbian parliament the final accounts of the budgets for 2002, 2003 and 2004 before the adoption of the Law on the 2006 budget. He stressed that this will be the first time in the history of Serbia's public finance that an external audit will be carried out by an independent auditor.
The government allowed the Ministry of Capital Investment to announce a tender for construction works on the Prokop railway station in Belgrade.
The government also decided to accept a €20 million soft loan from the Council of Europe Development Bank for the construction of 1,000 apartments for refugees and the underprivileged. The loan will have a twenty-year repayment period and an interest rate between one and two percent annually. Dinkic voiced hope that the Development Bank will approve this loan to Serbia by June this year.
Serbian Minister of Economy Predrag Bubalo said that negotiations with the IMF in Washington were very complex and difficult, but stressed that Serbia's structural reforms were highly praised, which should definitely refute all negative assessments of the success of reforms in Serbia.
Bubalo said that the government adopted a Report on the realisation of the programme of allocation and use of subsidies of the Serbian Development Fund in 2004.
According to Bubalo, the Fund allocated 1.2 billion dinars for the development of small and medium-sized enterprises in underdeveloped regions and ethnically mixed areas.
The Minister said that the loans were mostly allocated to export-oriented companies and for projects that included the creation of new jobs.
The government also approved the announcement of a tender for consultancy services in the telecommunications sector, Bubalo said.
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