Q:
A:
South of Serbia is priority for investment
Leskovac,
11 April 2006
Serbian Minister of Finance Mladjan Dinkic said today in a meeting with local businesspeople at the Leskovac chamber of commerce that the largest investments in the water industry system are planned for the Jablanica and Pcinj districts.
Author:
FoNet
Dinkic noted that 220 million dinars will be invested in Leskovac alone for the completion of the waste water system and the Barija water system, adding that special funds will be allocated for regulating the drainage system which should remove any flood threats.
The highlights of the economic development plan for the 2006 to 2011 period include reduction on income tax and relieving employers from paying contributions for youth employment, Dinkic pointed out.
He announced that added value will increase from 2 million dinars to 5 million dinars while small tax payers will be exempted from the value added tax (VAT) payment system.
According to the Minister of Finance, the average GDP amounts to nearly 8% on an annual level but it is unequally distributed and is growing at much higher pace in Belgrade than in the south of Serbia.
The government plans to cut regional disproportion and to invest more in the south of Serbia in the future, Dinkic said adding that more funds will be spent on education and health sectors as well as on road infrastructure in these regions.
The funds will be provided from the surplus which currently stands at €1 billion, loans granted by international institutions and funds of the EU that will be released after the signing of the accession agreement, Dinkic noted.
The Serbian government is ready to build the infrastructure free of charge if municipalities agree to give building land free of charge and if there are investors who are interested, Dinkic said.
According to him, a new line of loans has been launched under very favourable terms for those who invest in their business for the first time, Dinkic said and promised that the institutions of the Republic will finance 100 best innovative projects in Serbia.
He said that the list of municipalities that can get loans from the Development Fund with an interest rate of 0.5% has been enlarged and specified that the southern Serbian municipalities of Vranje, Bosilegrad, Vlasotince, Lebane, Medvedja, Trgoviste and Bujanovac are also included in the list.
The highlights of the economic development plan for the 2006 to 2011 period include reduction on income tax and relieving employers from paying contributions for youth employment, Dinkic pointed out.
He announced that added value will increase from 2 million dinars to 5 million dinars while small tax payers will be exempted from the value added tax (VAT) payment system.
According to the Minister of Finance, the average GDP amounts to nearly 8% on an annual level but it is unequally distributed and is growing at much higher pace in Belgrade than in the south of Serbia.
The government plans to cut regional disproportion and to invest more in the south of Serbia in the future, Dinkic said adding that more funds will be spent on education and health sectors as well as on road infrastructure in these regions.
The funds will be provided from the surplus which currently stands at €1 billion, loans granted by international institutions and funds of the EU that will be released after the signing of the accession agreement, Dinkic noted.
The Serbian government is ready to build the infrastructure free of charge if municipalities agree to give building land free of charge and if there are investors who are interested, Dinkic said.
According to him, a new line of loans has been launched under very favourable terms for those who invest in their business for the first time, Dinkic said and promised that the institutions of the Republic will finance 100 best innovative projects in Serbia.
He said that the list of municipalities that can get loans from the Development Fund with an interest rate of 0.5% has been enlarged and specified that the southern Serbian municipalities of Vranje, Bosilegrad, Vlasotince, Lebane, Medvedja, Trgoviste and Bujanovac are also included in the list.
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