Q:
A:
Quicker infrastructure building to boost GDP growth by 4%
Belgrade,
25 November 2009
Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said today that a more intensive building of infrastructure could boost the gross domestic product (GDP) growth by 4% in the next year.
Author:
Fonet
Speaking at the forum "Credit and plans of the Serbian government and the National Bank of Serbia in 2010", Dinkic said that the funds intended for building infrastructure are being spent very slowly, and recalled that the Serbian government's estimates are that GDP should grow by 1.5% over the next year
Speaking about the government's plans in 2010, he said that in the middle of January next year, the state will offer favourable subsidies for loans for liquidity of companies, by reducing bank interest rates.
The Minister explained that the idea is to make more with less money and that the state plans to secure almost €1 billion for those loans.
Dinkic said that one of the problems in the middle term will be how to increase Serbia's exports and reduce the foreign trade deficit. He said that after the economic recovery, which is expected next year, the first thing will be to increase imports.
Speaking about the government's plans in 2010, he said that in the middle of January next year, the state will offer favourable subsidies for loans for liquidity of companies, by reducing bank interest rates.
The Minister explained that the idea is to make more with less money and that the state plans to secure almost €1 billion for those loans.
Dinkic said that one of the problems in the middle term will be how to increase Serbia's exports and reduce the foreign trade deficit. He said that after the economic recovery, which is expected next year, the first thing will be to increase imports.
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