Q:
A:
Serbia, Czech Republic to participate together on third markets
Prague,
23 April 2007
Serbian Minister of International Economic Relations Milan Parivodic and Czech Minister of Industry and Trade Martin Riman examined today in Prague the possibilities for increasing investments and a more ambitious joint participation on third markets, such as Russia.
Parivodic told the Beta news agency that he and Riman talked about contracts that would encourage investments since Czechs have so far had very few investments in Serbia, and the same is true for Serbian investment in the Czech Republic.
He said that the Czech energy company "Czech" is most interested in investing in Serbia, which is one of the candidates interested in continuing the construction of thermo electric power plant "Kolubara B".
The Minister said that the trade between the two countries increased last year and reached €294 million and that the deficit started to fall, since the import of Czech goods increased 119% and export of Serbian goods 159%.
The Minister said that raw materials are mostly exported to the Czech Republic and in order to eliminate the foreign trade deficit it is necessary to improve the quality of products and value of goods exported.
The main problems Czech investors in Serbia are faced with are the restructuring of the Serbian economy, privatisation of companies and of the city building land, and the reform of construction and urban legislation, Parivodic explained.
The Minister also met today with representatives of the Czech Association of Industry and Transport and he will also talk with Serbian businessmen who live and work in this country.
He said that the Czech energy company "Czech" is most interested in investing in Serbia, which is one of the candidates interested in continuing the construction of thermo electric power plant "Kolubara B".
The Minister said that the trade between the two countries increased last year and reached €294 million and that the deficit started to fall, since the import of Czech goods increased 119% and export of Serbian goods 159%.
The Minister said that raw materials are mostly exported to the Czech Republic and in order to eliminate the foreign trade deficit it is necessary to improve the quality of products and value of goods exported.
The main problems Czech investors in Serbia are faced with are the restructuring of the Serbian economy, privatisation of companies and of the city building land, and the reform of construction and urban legislation, Parivodic explained.
The Minister also met today with representatives of the Czech Association of Industry and Transport and he will also talk with Serbian businessmen who live and work in this country.
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