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A:
Improving business, investment climate priority
Belgrade,
31 October 2007
Serbian Minister of Finance Mirko Cvetkovic said today that improving the business and investment climate is a priority for the ministry and the Serbian government.
Speaking at the American Chamber of Commerce in Serbia, Cvetkovic said that cooperation with the private sector and investors is a key factor in successfully achieving goals which the Serbian government has set for the upcoming period.
He said that economic reforms and important infrastructure projects will be continued, and fiscal policy will be directed towards reduction in expenditures.
According to Cvetkovic, one of the biggest obstacles in increasing investments in Serbia is complicated procedure.
The Minister told the press following talks with representatives of the chamber that this year inflation will stand at 8.5%.
Cvetkovic recalled that the 2007 projected inflation rate was 6.5% and that during the second half of the year it was brought to nearly 8.5% bearing in mind changes in the inflation rate during the first nine months of the year.
He stressed that a lot has been done in the area of economy compared to the situation six years ago. He added that the 2008 budget will be designed to improve fiscal policy regarding economy and public expenditure.
The American Chamber of Commerce in Serbia gathers more than 170 foreign and domestic companies, which invested a total of more than $ 5 billion and employ nearly 55,000 people in Serbia.
He said that economic reforms and important infrastructure projects will be continued, and fiscal policy will be directed towards reduction in expenditures.
According to Cvetkovic, one of the biggest obstacles in increasing investments in Serbia is complicated procedure.
The Minister told the press following talks with representatives of the chamber that this year inflation will stand at 8.5%.
Cvetkovic recalled that the 2007 projected inflation rate was 6.5% and that during the second half of the year it was brought to nearly 8.5% bearing in mind changes in the inflation rate during the first nine months of the year.
He stressed that a lot has been done in the area of economy compared to the situation six years ago. He added that the 2008 budget will be designed to improve fiscal policy regarding economy and public expenditure.
The American Chamber of Commerce in Serbia gathers more than 170 foreign and domestic companies, which invested a total of more than $ 5 billion and employ nearly 55,000 people in Serbia.
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