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The government will create investment-friendly environment, Prime Minister Kostunica says
Backa Palanka,
1 June 2004
The government is determined to make Serbia a law-abiding state, root out corruption and organised crime, and create an investment-friendly environment, said Serbian Prime Minister Vojislav Kostunica.
Vojislav Kostunica
We want all companies wishing to invest in Serbia and launch production here to have confidence in the country’s justice system, Kostunica said following a visit to Backa Palanka-based floor coverings producer Sintelon.
In order to see the economy grow and have more successful companies like Sintelon, the government must create an environment that encourages investment and production, the Prime Minister explained, adding that the parliament has adopted over 30 bills which the government prepared over the past three months.
According to him, the government is putting efforts into passing both economic laws to simplify investment process and justice laws to improve the judiciary and ensure safety for investors, he noted.
“We have scrapped the payroll fund tax and proposed a 10 percent corporate profit tax, the lowest in Europe, to attract foreign investors,” Kostunica said. “We have also proposed special benefits for investment exceeding €10 million,” he went on to say, adding that tax and customs authorities are making every effort to curb the gray economy and illegal imports.
In order to see the economy grow and have more successful companies like Sintelon, the government must create an environment that encourages investment and production, the Prime Minister explained, adding that the parliament has adopted over 30 bills which the government prepared over the past three months.
According to him, the government is putting efforts into passing both economic laws to simplify investment process and justice laws to improve the judiciary and ensure safety for investors, he noted.
“We have scrapped the payroll fund tax and proposed a 10 percent corporate profit tax, the lowest in Europe, to attract foreign investors,” Kostunica said. “We have also proposed special benefits for investment exceeding €10 million,” he went on to say, adding that tax and customs authorities are making every effort to curb the gray economy and illegal imports.
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