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€100 mln to be set aside from the budget for underdeveloped regions
Belgrade,
18 June 2007
Serbian Minister of Economy and Regional Development Mladjan Dinkic welcomed the government's decision to set aside €28 billion from the budget for this ministry because that sum will be sufficient to apply incentives in the second half of the year.
Speaking at a press conference dedicated to the expansion of small and medium-sized enterprises, Dinkic said that the Ministry plans to launch employment programmes, first of all start-up loans for beginners without the need for a mortgage, loans for craftsman shops, small and medium-sized enterprises and for underdeveloped regions, for which €100 million is planned to be set aside from the budget this year.
That will be sufficient for projects of development of communal infrastructure, business incubators, industrial zones and loans for small and medium-sized enterprises.
According to Dinkic, the budget for development of tourism is also considerable and will be €4 million, which will contribute to overall economic growth.
The Minister voiced hope that the rate of GDP growth will be higher than expected, ranging between 7% and 8%.
That will be sufficient for projects of development of communal infrastructure, business incubators, industrial zones and loans for small and medium-sized enterprises.
According to Dinkic, the budget for development of tourism is also considerable and will be €4 million, which will contribute to overall economic growth.
The Minister voiced hope that the rate of GDP growth will be higher than expected, ranging between 7% and 8%.
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