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A:
Dinkic declared 2006 finance minister of the year
Belgrade,
21 October 2007
Tonight in Washington, Serbian Minister of Economy and Regional Development Mladjan Dinkic has been declared the 2006 finance minister of the year by the leading financial and banking magazine “Euromoney.”
Mladjan Dinkic
The Ministry of Economy and Regional Development stated that the award is traditionally delivered during the annual meeting of the International Monetary Fund (IMF) and the World Bank and adds that Dinkic is the first Serbian minister to receive this prestigious award.
The exposition says that Mladjan Dinkic managed to make the dinar stable, revive the banking system and turn the deficit in the state budget into a budget surplus in 2005 and 2006, reduce the state debt and make Serbia one of the less indebted countries in Europe.
It also states that Dinkic brought order into the tax system, introduced VAT and reduced the company income tax to the lowest level in Europe, amounting to not more than 10%, which increased pubic revenues and considerably reduced the volume of the grey economy.
He is also responsible for Serbia’s premature settlement of the debt towards the IMF and a portion of the debt towards the World Bank. Thus, Serbia was no more dependant on their financial assistance.
All of this helped Serbia attract $4.4 billion in foreign direct investment in 2006, which was the highest amount of investment in the region. Transparent and extremely successful privatisation of the mobile phone company Mobi 63, sold to Norwegian Telenor for the record €1.5 billion, and the sale of the licence to the third mobile phone operator Austrian Mobilkom for a total of €320 million greatly contributed to this impressive result, reads the exposition of the recognition awarded to Dinkic.
The exposition says that Mladjan Dinkic managed to make the dinar stable, revive the banking system and turn the deficit in the state budget into a budget surplus in 2005 and 2006, reduce the state debt and make Serbia one of the less indebted countries in Europe.
It also states that Dinkic brought order into the tax system, introduced VAT and reduced the company income tax to the lowest level in Europe, amounting to not more than 10%, which increased pubic revenues and considerably reduced the volume of the grey economy.
He is also responsible for Serbia’s premature settlement of the debt towards the IMF and a portion of the debt towards the World Bank. Thus, Serbia was no more dependant on their financial assistance.
All of this helped Serbia attract $4.4 billion in foreign direct investment in 2006, which was the highest amount of investment in the region. Transparent and extremely successful privatisation of the mobile phone company Mobi 63, sold to Norwegian Telenor for the record €1.5 billion, and the sale of the licence to the third mobile phone operator Austrian Mobilkom for a total of €320 million greatly contributed to this impressive result, reads the exposition of the recognition awarded to Dinkic.
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