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The Government of the Republic of Serbia

In the service of citizens

RSD 47 bln to be allocated from budget for NIP in 2008

Belgrade, 10 January 2008

Serbian Minister without Portfolio Dragan Djilas said that the government today decided to allocate RSD 47 billion from the Serbian budget for realisation of the National Investment Plan (NIP) in 2008.

Dragan Djilas at today's press conference

Djilas specified that the funds will be used to finance 971 projects, including two-thirds of infrastructure projects.

A total of 6,938 projects were submitted, he added.

The Minister said that 721 projects will be financed in central Serbia, 191 in Vojvodina and 59 in Kosovo-Metohija.

The largest projects include the Belgrade roundabout for which nearly RSD 2.5 billion will be allocated, RSD 1.6 billion will be used to stimulate direct foreign investments and create new jobs, while nearly RSD 900 million will be used for construction of motorways Nis-Dimitrovgrad and Leskovac-Presevo, said Djilas.

He added that the fourth largest project in 2008 will be reconstruction of the Batajnica airport in the amount of RSD 362.1 million while the reconstruction of the Pancevo bridge will cost nearly RSD 800 million.

The Minister pointed out that RSD 1.3 billion will go for NIP projects in Kosovo, over RSD 9 billion will be used for projects in Vojvodina while around RSD 36.6 billion will go to central Serbia.

Mladjan Dinkic

Minister of Economy and Regional Development Mladjan Dinkic said that the Serbian Privatisation Agency will send a public call on January 25 for distribution of free shares of public companies to Serbian citizens.

He said that the process of registering will start on January 28 until July 31 in all postal offices in the country.

In order to acquire free shares of Serbian oil industry NIS, Telekom, power company EPS, Galenika and the Nikola Tesla Airport, for nearly four million citizens, those interested should bring only the personal identity card to the counter at their local post office, where the staff are obliged to register them and provide attestation, said Dinkic.

According to Dinkic, citizens will sign two copies of a form, of which one will go to the Privatisation Agency, so that the state may verify data, while the other copy belongs to the applicant.

Along with this, the applicant will have to submit a bank account number and proceeds from free shares will be paid into this account. An account will immediately be opened for those who do not have it, said the Minister.

Dinkic said that citizens must personally appear and there is no mediation involved which will be punishable by law.

Citizens living abroad may apply at embassies, while those with disabilities will be registered by a special committee which consists of representatives of the Ministry of Labour and Social Policy, the postal service and the National Employment Service, said Dinkic.

According to Dinkic, former and present employees of these companies will apply at the National Employment Service. Besides the personal identity card, they will also need an attestation of citizenship, address of residence and work documents.

Dinkic said that any person who does not personally appear for registration will be considered a non-applicant.

The Minister said that the Serbian government approved today RSD 3.5 billion to the National Service for Housing Loan Insurance for 2008, and added that these funds were provided for approving more home loans from the government’s programme for giving loans to those younger than 45.