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The Government of the Republic of Serbia

In the service of citizens

Government to prepare measures for fight against crisis by end-January

Belgrade, 10 January 2009

Minister of Economy and Regional Development Mladjan Dinkic today said that, by the end of January, the government will prepare a package of measures concerning the fight against the global financial crisis, which will be based on agreement with businesspeople, trade unions and bankers.

In an interview with the Beta news agency, Dinkic said that the government have carefully considered the effects of the crisis.

He said that the government’s measures will focus on three issues, the encouragement of economic liquidity and employment, the realisation of state investments and savings within the state administration.

Dinkic said that the government will provide favourable loans for the Serbian economy and earmark approximately RSD 50 billion in this respect, adding that this will help enterprises to retain employees and hire new ones.

Dinkic specified that the measures concerning state investments, particularly infrastructure, envisage construction of Corridor 10 and modernisation of power plants, adding that the remaining measures envisage great savings in state administration.

According to Dinkic the government’s measures may alter by the end of the year, as the situation at the global level is constantly changing.

Dinkic said that Serbia did note provoke the crisis but suffers its consequences, which implies that Serbia’s approach to its economic problems will be different from the USA and some other countries.