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A:
State bank merger to be discussed
Belgrade,
4 December 2008
State Secretary at the Ministry of Finance Slobodan Ilic today addressed the fourth economic forum, organised by the Economist Media Group, where he announced that state banks may merge over the following two months.
Ilic said that the Deposit Insurance Agency’s board will consider this issue.
He voiced hope that the Serbian government will determine the draft budget for 2009 by the end of this week.
The government is preparing a package of measures in order to alleviate the consequences of the global financial crisis, said Ilic.
Ilic said that the government agreed on a restrictive budget for 2009, adding that the government also considered helping exporters and providing more loans from the Development Fund for circulating capital than for investments.
He added that businesspeople were mostly interested in the RSD exchange rate and whether the National Bank of Serbia could abolish provisions in order to increase the liquidity of the Serbian economy.
Representatives of the government, led by Prime Minister Mirko Cvetkovic, and the National Bank of Serbia will meet this week or next. Afterwards the Prime Minister will be able to present the new package of measures to the public.
He concluded that Serbia will be ready to enter 2009.
He voiced hope that the Serbian government will determine the draft budget for 2009 by the end of this week.
The government is preparing a package of measures in order to alleviate the consequences of the global financial crisis, said Ilic.
Ilic said that the government agreed on a restrictive budget for 2009, adding that the government also considered helping exporters and providing more loans from the Development Fund for circulating capital than for investments.
He added that businesspeople were mostly interested in the RSD exchange rate and whether the National Bank of Serbia could abolish provisions in order to increase the liquidity of the Serbian economy.
Representatives of the government, led by Prime Minister Mirko Cvetkovic, and the National Bank of Serbia will meet this week or next. Afterwards the Prime Minister will be able to present the new package of measures to the public.
He concluded that Serbia will be ready to enter 2009.
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