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Serbia's progress on road to EU important for reform implementation
Belgrade,
7 April 2006
Serbian Deputy Prime Minister Miroljub Labus met today with World Bank's chief economist for Europe and Central Asia Pradip Mitra and told him that Serbia's progress toward the EU is of considerable importance for speeding up economic and institutional reforms in the country.
Pradip Mitra, left, and Miroljub Labus
Labus pointed out that the accession process, as well as cooperation with international financial institutions, will help Serbia to successfully carry out the second transition stage which includes privatisation of large companies, introduction of cooperative administration, free market competitiveness and infrastructure reforms.
Labus and Mitra agreed that business climate in Serbia has improved, but in order to attract more foreign investment there must also be political stability and better legal security in the country.
In this sense, Labus pointed out that the Serbian government's priorities are to encourage competitiveness, complete the privatisation process and facilitate foreign trade procedures.
Mitra praised Serbia's achievements in the past five years and said he believes that the cooperation between the World Bank and Serbia will be successfully continued.
Labus and Mitra agreed that business climate in Serbia has improved, but in order to attract more foreign investment there must also be political stability and better legal security in the country.
In this sense, Labus pointed out that the Serbian government's priorities are to encourage competitiveness, complete the privatisation process and facilitate foreign trade procedures.
Mitra praised Serbia's achievements in the past five years and said he believes that the cooperation between the World Bank and Serbia will be successfully continued.
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