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€40 million for Sremski District from National Investment Plan
Belgrade,
15 September 2006
Serbian Minister of Economy Predrag Bubalo and Serbian Minister of Public Administration and Local Self-Government Zoran Loncar talked last night in Sremska Mirtovica with presidents of the municipalities of the Sremski District and informed them on the National Investment Plan of the Serbian government, which envisages an investment of €40 million in that district.
Loncar said on the occasion that the funds mentioned will be distributed in the upcoming two years in seven Sremski municipalities, in which direct investments by the Serbian government will stand at €29 million.
Bubalo said that Serbia has seen success in economic development in the past few years primarily owing to the unexpectedly fast rate of GDP growth and successful privatisation.
He said due to that this year 100 billion dinars will be realised in privatisation revenues, instead of the expected 30 billion.
He said that there is a real possibility that the Paris Club of Creditors will write off a further 20% of the debt, if a sum of €1 billion is invested in infrastructure projects, such as the Corridor 10 and environmental protection.
Bubalo said that Serbia has seen success in economic development in the past few years primarily owing to the unexpectedly fast rate of GDP growth and successful privatisation.
He said due to that this year 100 billion dinars will be realised in privatisation revenues, instead of the expected 30 billion.
He said that there is a real possibility that the Paris Club of Creditors will write off a further 20% of the debt, if a sum of €1 billion is invested in infrastructure projects, such as the Corridor 10 and environmental protection.
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