Q:
A:
Serbia, Czech Republic seek to improve economic cooperation
Belgrade,
16 June 2004
Serbian Deputy Minister of Economy Zora Simovic met today with Czech Ambassador to Serbia-Montenegro Judita Stouracova to discuss ways to improve economic cooperation between the two countries and possibilities for Czech companies to take part in the privatisation of Serbian firms.
Zora Simovic
Stouracova welcomed the continued increase in trade between Serbia and the Czech Republic, which jumped from $60 million in 1999 to $150 million in 2003.
She added that the Czech Republic, which recently joined the European Union, is willing to help Serbia-Montenegro to deal with transition, by sharing its own ten-year transition experience and providing concrete support.
Czech businessmen are interested in cooperation with Serbian firms in the fields of manufacturing, agriculture, and tourism, said Stouracova, and pointed out that the Czech Republic can share its valuable experience in the development of small and medium sized enterprises.
Speaking about the Serbian government’s measures to improve investment climate in the country, Stouracova said that large public enterprises have not yet been transformed because the previous government did almost nothing to restructure and privatise them.
According to Simovic, the 2001 privatisation law was not harmonised with the bankruptcy legislation, causing numerous practical problems.
The Ministry of Economy has launched a regular monitoring procedure in 12 out of 1,200 privatised companies, said Simovic, adding that such a percentage can be regarded as acceptable.
She added that the Czech Republic, which recently joined the European Union, is willing to help Serbia-Montenegro to deal with transition, by sharing its own ten-year transition experience and providing concrete support.
Czech businessmen are interested in cooperation with Serbian firms in the fields of manufacturing, agriculture, and tourism, said Stouracova, and pointed out that the Czech Republic can share its valuable experience in the development of small and medium sized enterprises.
Speaking about the Serbian government’s measures to improve investment climate in the country, Stouracova said that large public enterprises have not yet been transformed because the previous government did almost nothing to restructure and privatise them.
According to Simovic, the 2001 privatisation law was not harmonised with the bankruptcy legislation, causing numerous practical problems.
The Ministry of Economy has launched a regular monitoring procedure in 12 out of 1,200 privatised companies, said Simovic, adding that such a percentage can be regarded as acceptable.
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