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Serbia-Montenegro achieves best result in transition process
Belgrade/Washington,
15 November 2005
Serbian Minister of International Economic Relations Milan Parivodic said that in this year’s report of the European Bank for Reconstruction and Development (EBRD) presented today, Serbia-Montenegro has been marked a country which has achieved the greatest success in the process of transition.
In a statement to the Tanjug news agency, Parivodic, who is taking part in the USA-Serbia-Montenegro investment trade conference in Washington, said that the whole southeastern Europe was given seven points in the report, four of which went to Serbia-Montenegro. According to Parivodic, the report only confirms the World Bank’s analysis which put Serbia-Montenegro atop of 155 countries in the implementation of reforms.
Parivodic explained that 27 countries from central and eastern Europe were assessed, adding that the mark given to Serbia-Montenegro is the result of improvement of four parameters compared to the year 2004, namely large privatisations, functioning of companies, foreign trade and the banking sector.
Parivodic said that the task of Serbia-Montenegro is to stay at the top of the list.
Serbian Minister of Economy Predrag Bubalo said today at the USA-Serbia-Montenegro investment trade conference in Washington that Serbia is entering a crucial phase of the transition process, in which it is necessary to complete the restructuring of large public companies.
Speaking about the privatisation climate in Serbia, Bubalo recalled that bids have been called for selection of privatisation advisors for the telecommunication sector, Bor mining and metallurgical complex (RTB Bor) and the Serbian Oil Company (NIS). He stated that the aim of the Serbian Ministry of Economy is to complete the privatisation of all socially owned companies by the end of 2007.
The second day of the conference consisted of discussions on opportunities for trade and service exchange between the nearly 150 businessmen and officials from the US and Serbia-Montenegro.
The Serbian delegation gave a presentation to the US investors on the possibilities for investing in the telecommunication and IT sectors, as well as the already started projects and plans for building infrastructure.
The delegation also presented Serbia-Montenegro’s tourist offer, as well as agricultural products that comply with US standards and can be exported there.
The two-day conference ends tonight with a reception at the US Congress on Capitol Hill organised by the American company DynCorp.
Parivodic explained that 27 countries from central and eastern Europe were assessed, adding that the mark given to Serbia-Montenegro is the result of improvement of four parameters compared to the year 2004, namely large privatisations, functioning of companies, foreign trade and the banking sector.
Parivodic said that the task of Serbia-Montenegro is to stay at the top of the list.
Serbian Minister of Economy Predrag Bubalo said today at the USA-Serbia-Montenegro investment trade conference in Washington that Serbia is entering a crucial phase of the transition process, in which it is necessary to complete the restructuring of large public companies.
Speaking about the privatisation climate in Serbia, Bubalo recalled that bids have been called for selection of privatisation advisors for the telecommunication sector, Bor mining and metallurgical complex (RTB Bor) and the Serbian Oil Company (NIS). He stated that the aim of the Serbian Ministry of Economy is to complete the privatisation of all socially owned companies by the end of 2007.
The second day of the conference consisted of discussions on opportunities for trade and service exchange between the nearly 150 businessmen and officials from the US and Serbia-Montenegro.
The Serbian delegation gave a presentation to the US investors on the possibilities for investing in the telecommunication and IT sectors, as well as the already started projects and plans for building infrastructure.
The delegation also presented Serbia-Montenegro’s tourist offer, as well as agricultural products that comply with US standards and can be exported there.
The two-day conference ends tonight with a reception at the US Congress on Capitol Hill organised by the American company DynCorp.
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