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Italian model of cooperatives presented in Belgrade
Belgrade,
8 June 2006
Serbian Minister of Economy Predrag Bubalo today attended a gathering at the Serbian Chamber of Commerce at which representatives of the Italian national association of cooperatives and health insurance institutes, Legacoop, presented the Italian model of cooperatives.
Speaking on the occasion, Bubalo said that the preparation of a new law on cooperatives is underway which will stipulate that every cooperative must have authorised capital that will consist of equities paid by members who found a cooperative.
He pointed out that cooperatives in Serbia were founded without any authorised capital whatsoever, which made it impossible for them to persevere in difficult market conditions due to strong competition.
The new law, which has been drafted after the EU model and is currently being debated in parliament, will function under the principle of open doors, and cooperatives will be owned by their members, the minister said.
Italian Ambassador to Serbia Alessandro Merola said that the aim of this visit is to present to Serbian cooperative members the development methods of cooperatives, which are very successful in Italy. He said that Legacoop had an income of some €45 billion last year, which is 8% of the country's GDP.
State Secretary at the Serbian Ministry of International Economic Relations Vlatko Sekulovic said that Italian investments to Serbia so far have exceeded $300 million.
Italy is the first country with which a balance between imports and exports has been established, Sekulovic said and specified that as of the beginning of 2006 Serbia-Montenegro has imported from Italy €260 million and exported €250 million.
He pointed out that cooperatives in Serbia were founded without any authorised capital whatsoever, which made it impossible for them to persevere in difficult market conditions due to strong competition.
The new law, which has been drafted after the EU model and is currently being debated in parliament, will function under the principle of open doors, and cooperatives will be owned by their members, the minister said.
Italian Ambassador to Serbia Alessandro Merola said that the aim of this visit is to present to Serbian cooperative members the development methods of cooperatives, which are very successful in Italy. He said that Legacoop had an income of some €45 billion last year, which is 8% of the country's GDP.
State Secretary at the Serbian Ministry of International Economic Relations Vlatko Sekulovic said that Italian investments to Serbia so far have exceeded $300 million.
Italy is the first country with which a balance between imports and exports has been established, Sekulovic said and specified that as of the beginning of 2006 Serbia-Montenegro has imported from Italy €260 million and exported €250 million.
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