Prime Minister Ana Brnabic said today that the growth of the Serbian economy is excellent and in the nine months it is 4.5% of GDP, noting that by the end of the year it will be more than 4%.
Q:
A:
Continuing sustainable economic growth in 2019-2020
Belgrade,
7 November 2018
Brnabic presented the results of the "White Book 2018" of the Foreign Investors Council saying that the planned economic growth was 3.5% of GDP.
The challenge for us is that this growth will be sustainable and that it continues in 2019 and 2020, Brnabic said.
She expressed the expectation that the surplus in the budget will be 0.6% by the end of the year, which is about RSD 28 billion.
The share of public debt is decreasing and now it is at 56% of GDP. We plan to reduce it to 45% of GDP, and this requires time and energy, she added, adding that foreign direct investment exceeded €2 billion.
The Prime Minister noted that unemployment is falling, inflation is stable, the dinar is stable, while the share of non-performing receivables is reduced to 6.7%, from 21.6% as at the end of 2015.
We solved the problem of IMT, we found a strategic partner for RTB Bor, found a partner for PKB and solved the problems of a whole range of companies that were once strong brands of Serbia, and now huge money from the budget, such as Ikarbus, Lasta, BIP or Port of Novi Sad, she explained.
Brnabic also announced that as of 1 January 2019, the minimum wage will be RSD 155 per hour.
The Law on Temporary Reduction of Pensions has been abolished, I am satisfied with the results, and we also learned from what happened with the Doing Business List of the World Bank, as well as with this White Book. We are heading in the right direction, but we need to be much faster and more efficient and see what our priorities are, Brnabic said.
The Prime Minister emphasised that she provides full support to the Deputy Prime Minister Zorana Mihajlovic, who runs the Working Group for the Doing Business List.
Also, Brnabic thanked the Foreign Investors Council for constructive criticism and the ways in which Serbia can resolve certain issues.
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