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Government is working intensively on creating dynamic business environment in Serbia
Belgrade,
28 August 2007
Serbian Minister of Trade and Services Predrag Bubalo said today that the government and his ministry are making intensive efforts to create a dynamic business environment in Serbia and are providing conditions for accelerating economic development in the country.
In talks with representatives of the economic delegation of Lithuania, Bubalo presented an overview of the Serbian economy and said on the occasion that the rate of GDP growth during the first six months of this year was 8.7%, with an inflation rate of 4.2% and industrial growth rate of 5.2%.
He told business people from Lithuania interested in investing in the Serbian economy that the goal is to enable the Serbian economy to deal with strong foreign competition on international and domestic markets.
Speaking on foreign trade, the Minister said that during the first half of this year, it grew intensively and reached €9.1 billion, while from the beginning of the year until now the foreign trade deficit stands at €3.1 billion.
Bubalo recalled that during the previous year the Ministry of Trade and Services drafted the national strategy for the economic development of Serbia from 2006 to 2010.
Speaking on foreign direct investments in the privatisation process in Serbia, Bubalo said that Lithuanian investors have previously taken part in the privatisation of Serbian companies, such as HIP Azotara from Pancevo and BIP from Belgrade.
Lithuanian Foreign Minister Petras Vaitiekunas said that Lithuanian business people are very interested in investing in Serbia, due to the great potential of the Serbian economy.
Vaitiekunas said that Serbia and Lithuania are preparing an agreement on avoiding double taxation, which should lead to better economic cooperation between the two countries.
He told business people from Lithuania interested in investing in the Serbian economy that the goal is to enable the Serbian economy to deal with strong foreign competition on international and domestic markets.
Speaking on foreign trade, the Minister said that during the first half of this year, it grew intensively and reached €9.1 billion, while from the beginning of the year until now the foreign trade deficit stands at €3.1 billion.
Bubalo recalled that during the previous year the Ministry of Trade and Services drafted the national strategy for the economic development of Serbia from 2006 to 2010.
Speaking on foreign direct investments in the privatisation process in Serbia, Bubalo said that Lithuanian investors have previously taken part in the privatisation of Serbian companies, such as HIP Azotara from Pancevo and BIP from Belgrade.
Lithuanian Foreign Minister Petras Vaitiekunas said that Lithuanian business people are very interested in investing in Serbia, due to the great potential of the Serbian economy.
Vaitiekunas said that Serbia and Lithuania are preparing an agreement on avoiding double taxation, which should lead to better economic cooperation between the two countries.
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