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Government warns to allow cheap sugar imports unless local companies reduce prices
Belgrade,
19 August 2004
The Serbian government will take economic measures to trim sugar prices unless sugar producers bring prices back to previous levels within the next seven days, Serbian Deputy Prime Minister Miroljub Labus said today.
According to the Tanjug news agency, Labus stressed that Serbia’s sugar prices have been increased although the country has a huge surplus of sugar and a chance to market it abroad.
Noting that the state must fight monopoly situations, Serbian Minister of Finance Mladjan Dinkic said that the government will loosen non-tariff protection and allow for sugar imports unless domestic producers drop prices back to earlier levels.
Dinkic went on to say that Serbia’s macroeconomic situation is stable, adding that hard currency reserves rose by $150 million in August and that the national currency is stable as well. Serbia has also reduced public spending and brought the deficit under full control, he noted.
Noting that the state must fight monopoly situations, Serbian Minister of Finance Mladjan Dinkic said that the government will loosen non-tariff protection and allow for sugar imports unless domestic producers drop prices back to earlier levels.
Dinkic went on to say that Serbia’s macroeconomic situation is stable, adding that hard currency reserves rose by $150 million in August and that the national currency is stable as well. Serbia has also reduced public spending and brought the deficit under full control, he noted.
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