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The Government of the Republic of Serbia

In the service of citizens

Slovenian-Serbian bilateral trade grows significantly

Belgrade, 26 September 2005

Serbian Deputy Prime Minister Miroljub Labus said following today’s meeting with Slovenian Minister of Economy Andrej Vizjak that the volume of trade between the two countries has increased significantly and that there is a balancing trend.

Andrej Vizjak, left, and Miroljub Labus

Labus said that the rise in Serbia’s exports to Slovenia was largely due to the introduction of value added tax and the creation of a new, export-orientated private sector.

Labus also pointed to a significant improvement in Serbia’s business climate, which has been confirmed by the World Bank’s recent report that described Serbia as a global leader in reforms in 2004.

He stressed that the Serbian government’s priorities are to encourage competition, complete the privatisation process, and to relax export and import procedures. He expressed the hope that Slovenia will give Serbian exporters easier access to its market.

Vizjak agreed with Labus’ assessments and he pointed to the possibility of broader cooperation between the two countries in energy, tourism, and trade sectors.

Vizjak stressed that Slovenia endorses the Constanta-Trieste oil pipeline project as well as the development of the Southeast European electricity market.

He also said that Slovenia is ready to help Serbia in the European integration process, which he said will improve the country’s image but also provide additional security to all investors.