Q:
A:
Serbian government seeks to achieve macroeconomic stability, put in place economic legislation
Belgrade,
29 March 2004
The Serbian government has set macroeconomic stability and new economic legislation as its top priorities, Deputy Prime Minister Miroljub Labus said at a presentation of the Foreign Investors Council's (FIC) White Book today.
Miroljub Labus
Author:
FoNet
According to Labus, laws on bankruptcy and energy will be submitted for adoption in April.
The Minister also announced continuing efforts to privatise local banks, adding that the first tender will be launched in May. The government will assist the National Bank of Serbia (NBS) in maintaining a stable national currency in a move that will also help increase the inflow of foreign investment, he said.
The ongoing negotiations with the International Monetary Fund (IMF), focusing on Serbia's foreign trade gap, are nearly completed, Labus went on to say, noting that the arrangement with the IMF will also send a strong signal to foreign investors.
FIC Secretary-General Christoph Greussing said that Serbia will see a reduced inflow of foreign investment this year but added that foreign companies are still interested in investing in Serbia.
NBS Governor Radovan Jelasic, World Bank Belgrade office head Rory O'Sullivan, Declan Murphy of the OECD, Bernard Snoy of the Stability Pact for South Eastern Europe and IFC's Patricia Gannon also attended the presentation.
Set up in 2002, FIC is a group of 80 leading investors from 20 countries, which has invested over €1.5 billion in Serbia so far.
The Minister also announced continuing efforts to privatise local banks, adding that the first tender will be launched in May. The government will assist the National Bank of Serbia (NBS) in maintaining a stable national currency in a move that will also help increase the inflow of foreign investment, he said.
The ongoing negotiations with the International Monetary Fund (IMF), focusing on Serbia's foreign trade gap, are nearly completed, Labus went on to say, noting that the arrangement with the IMF will also send a strong signal to foreign investors.
FIC Secretary-General Christoph Greussing said that Serbia will see a reduced inflow of foreign investment this year but added that foreign companies are still interested in investing in Serbia.
NBS Governor Radovan Jelasic, World Bank Belgrade office head Rory O'Sullivan, Declan Murphy of the OECD, Bernard Snoy of the Stability Pact for South Eastern Europe and IFC's Patricia Gannon also attended the presentation.
Set up in 2002, FIC is a group of 80 leading investors from 20 countries, which has invested over €1.5 billion in Serbia so far.
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