Nebojsa Ciric at today's press conference
Ciric told a press conference that these companies have been assessed as economically justifiable and are to be privatised, adding that health insurance will not be paid for companies that will go bankrupt.
He said the condition for debts to health insurance to be settled is that the companies have paid their health contributions for the first three months in 2009, adding that control of all contributions and taxes will be much stricter in future.
Ciric stated that the government will secure financial support of around RSD 3.1 billion for reviving production in the weapons and railcar industries and first loans will be approved during the next week.
With this additional support programme the state will secure around RSD 1 billion for the weapons industry through quite favourable bank loans over the next two years, Ciric said noting that the state will subsidise this branch with around RSD 100 million from the budget in that period.
He specified that the annual interest rate will be 3% with a currency clause, while loans in dinars will be approved with an annual interest rate of 9.5%.
He noted that the government will endorse export agreements of eight weapons producers, adding that Jugoimport SDPR will bear the entire project, thus securing employment for around 9,000 workers.
The use of the loans will be supervised by the Ministry of Defence, with whom we reached agreement on the entire programme of support to the military industry, Ciric explained.
He specified that RSD 2.1 billion has been set side from the budget of the Ministry of Economy and Regional Development for eight companies that manufacture railcars and employ around 2,300 workers, adding that the funds will be realised through the Development Fund.
The State Secretary announced that a large portion of produced railcars will be used to renew the rolling stock of railway company Zeleznice Srbije.
The government will decide on securing funds for these two industrial branches at the session tomorrow, therefore the first tranche of funds can be operational as early as next week, Ciric concluded.