Q:
A:
First contracts for subsidised housing loans presented
Belgrade,
22 October 2009
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic today presented the first eight subsidised housing loans contracts to the loan beneficiaries.
Author:
Tanjug
Dinkic said that within three weeks 600 applications for subsidised housing loans were submitted to banks, of which 70 have been processed, adding that over 3,000 loans are to be approved in 2009 and 2010.
He recalled that these loans are interest-free in the first three and the last five years of the 30-year repayment period when the state will be subsidising the interest rate.
When we have approved the planned 3,000 loans, we will continue with this programme, but the loans will no longer be interest-free, the Minister explained, emphasising that local self-governments must issue construction licences faster so that more blocks of flats can be erected.
Dinkic said that these are the most favourable loans on the European market, specifying that they are currently financed by 19 banks, with the interest rates ranging from 4.9% to 5.6%. He added that this will be in force until October 2012.
The Minister noted that the Serbian government is extremely well-prepared for talks with the IMF, adding that the technical mission arrived in Belgrade today, while official talks will begin on October 26.
He also announced that an agreement on the construction of a bridge across the Danube, linking the Borca and Zemun residential areas, will be signed with a Chinese company tomorrow.
Dinkic added that Serbia needs favourable loans to cover the budgetary deficit and finance development projects.
He recalled that these loans are interest-free in the first three and the last five years of the 30-year repayment period when the state will be subsidising the interest rate.
When we have approved the planned 3,000 loans, we will continue with this programme, but the loans will no longer be interest-free, the Minister explained, emphasising that local self-governments must issue construction licences faster so that more blocks of flats can be erected.
Dinkic said that these are the most favourable loans on the European market, specifying that they are currently financed by 19 banks, with the interest rates ranging from 4.9% to 5.6%. He added that this will be in force until October 2012.
The Minister noted that the Serbian government is extremely well-prepared for talks with the IMF, adding that the technical mission arrived in Belgrade today, while official talks will begin on October 26.
He also announced that an agreement on the construction of a bridge across the Danube, linking the Borca and Zemun residential areas, will be signed with a Chinese company tomorrow.
Dinkic added that Serbia needs favourable loans to cover the budgetary deficit and finance development projects.
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