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Government prepares crucial measures for alleviating effects of global economic crisis
Novi Sad,
18 December 2008
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said today that the government has prepared two crucial measures for alleviating the effects of the global economic crisis in Serbia.
Dinkic said that it is necessary to maintain companies’ liquidity through soft loans and also reduce public consumption.
He explained that the causes of the global crisis are about a crisis of demand, noting that Serbia will feel the effects of the global crisis through a decrease in demand for Serbian exports.
The first measure will be cheaper loans from the Development Fund, whose interest rate must not be above 4-5% Dinkic said, noting that RSD 50 billion has been secured in the budget for loan guarantees.
He added that all those receiving such loans will be obliged not to sack their employees for a limited period of time.
The second measure will be savings at the state level, which will contribute to the stability of prices and dinar exchange rates.
What follows is a revision of the salary system in public companies, abolishing benefits and the enormous spending of state money, no bonuses, corporate cards or managerial contracts, he explained.
He also said there is already RSD 6.5 billion received from the sale of public companies and announced the privatisations of NIS and Galenika soon.
He explained that the causes of the global crisis are about a crisis of demand, noting that Serbia will feel the effects of the global crisis through a decrease in demand for Serbian exports.
The first measure will be cheaper loans from the Development Fund, whose interest rate must not be above 4-5% Dinkic said, noting that RSD 50 billion has been secured in the budget for loan guarantees.
He added that all those receiving such loans will be obliged not to sack their employees for a limited period of time.
The second measure will be savings at the state level, which will contribute to the stability of prices and dinar exchange rates.
What follows is a revision of the salary system in public companies, abolishing benefits and the enormous spending of state money, no bonuses, corporate cards or managerial contracts, he explained.
He also said there is already RSD 6.5 billion received from the sale of public companies and announced the privatisations of NIS and Galenika soon.
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