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Subsidies for used cars programme
Belgrade,
26 February 2009
Serbian Minister of Economy and Regional Development said that the government today adopted a decree on the terms and conditions for subsidizing the purchase of cars manufactured in Serbia by part-exchanging used cars for new ones, according to which it will be possible to part-exchange any model older than 10 years for a new one.
Mladjan Dinkic
Addressing a press conference Dinkic said that cars bought by exchange will be cheaper by €1,000 and will cost €5,999.
The Minister explained that used cars meant for recycling must be those that were produced before January 1, 1999 and were registered; the cars must also be in driving condition.
He confirmed that cars registered in Montenegro can also be exchanged under condition that the registration has been valid longer than one year.
He said that according to the system for exchanging used cars for new ones it will be possible to buy a car with a seven years loan obtained from banks that have joined the Serbian government’s programme.
He specified that the monthly installment will be €84 if the loan is taken for a seven year period and €112 if it is a five years loan.
Dinkic said that the government’s decision will increase road safety, reduce pollution and encourage production in the Zastava car factory in Kragujevac.
Speaking about preliminary results of the sale of Punto with state subsidies, the Minister noted that apart from the fact that the entire contingent of 650 vehicles was sold in just two days, he said that another 864 vehicles have been reserved, while 2,460 vehicles have been reserved by citizens who want to part-exchange old cars for new ones.
Dinkic added that another contingent of 5.000 vehicles will also be reserved for those wanting to part-exchange their old cars for new ones.
The Minister explained that used cars meant for recycling must be those that were produced before January 1, 1999 and were registered; the cars must also be in driving condition.
He confirmed that cars registered in Montenegro can also be exchanged under condition that the registration has been valid longer than one year.
He said that according to the system for exchanging used cars for new ones it will be possible to buy a car with a seven years loan obtained from banks that have joined the Serbian government’s programme.
He specified that the monthly installment will be €84 if the loan is taken for a seven year period and €112 if it is a five years loan.
Dinkic said that the government’s decision will increase road safety, reduce pollution and encourage production in the Zastava car factory in Kragujevac.
Speaking about preliminary results of the sale of Punto with state subsidies, the Minister noted that apart from the fact that the entire contingent of 650 vehicles was sold in just two days, he said that another 864 vehicles have been reserved, while 2,460 vehicles have been reserved by citizens who want to part-exchange old cars for new ones.
Dinkic added that another contingent of 5.000 vehicles will also be reserved for those wanting to part-exchange their old cars for new ones.
Oliver Dulic
Minister of Environment and Spatial Planning Oliver Dulic welcomed this government measure, adding that it is of huge importance to Serbia’s environmental protection.
Dinkic also announced that a tender for a strategic partner for mining and metallurgical complex RTB Bor will be announced tomorrow.
He explained that amendments to the original tender envisage that the strategic partner acquires 40% of RTB Bor capital and invests at least $116 over the next three years.
He stressed that the prospective partner can acquire 67% of the company capital at the most through additional investments and recapitalisation.
Dinkic also announced that a tender for a strategic partner for mining and metallurgical complex RTB Bor will be announced tomorrow.
He explained that amendments to the original tender envisage that the strategic partner acquires 40% of RTB Bor capital and invests at least $116 over the next three years.
He stressed that the prospective partner can acquire 67% of the company capital at the most through additional investments and recapitalisation.
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