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World Bank gives positive assessment of Serbian economy
Belgrade,
9 September 2004
Serbian Prime Minister Vojislav Kostunica met today with World Bank Regional Director for Southeast Europe and Central Asia Orsalia Kalantzopulous. During the meeting Kostunica stressed that one of the Serbian government’s top priorities is to create an investment friendly environment in the country.
Kostunica said that a series of laws have been passed to make starting and doing business easier but also to speed up bankruptcies under the receivership legislation.
He said he expected more firms to go private by the end of the year, adding that privatisation of several large companies is under way. This will attract investment and boost budget receipts, according to Kostunica.
The World Bank has given a positive assessment of Serbia’s economic trends, primarily its high growth rate, said Orsalia Kalantzopulous following the meeting. She also pointed to problems that still exist in the field of fiscal policy as well as in foreign trade.
He said he expected more firms to go private by the end of the year, adding that privatisation of several large companies is under way. This will attract investment and boost budget receipts, according to Kostunica.
The World Bank has given a positive assessment of Serbia’s economic trends, primarily its high growth rate, said Orsalia Kalantzopulous following the meeting. She also pointed to problems that still exist in the field of fiscal policy as well as in foreign trade.
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