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The Government of the Republic of Serbia

In the service of citizens

Government’s new measures to boost export

Krusevac, 16 February 2005

Serbian Minister of Finance Mladjan Dinkic said last night in Krusevac that the high foreign trade deficit represents the greatest problem in implementation of the adopted economic policies and announced government measures to boost exports.

Mladjan Dinkic

After meeting with businesspeople of Krusevac, Dinkic said that the government does not have 1 billion dinars to support export, the amount that is estimated to be needed to promote export, but said that attention will be drawn to crediting those products that have buyers on foreign markets.

He announced the forming of a special institution for crediting and insuring exports, and promised that the government will provide the funding in the second half of the year following the budget revision.

The minister pointed out that loans need to be approved under more favourable terms to exporters, and also announced additional tax reliefs for them. He also said that the agriculture crediting system will be altered too.

“We approved the first 100 million dinars for crediting agriculture yesterday, which I expect will contribute to productivity growth”, Dinkic said.

According to Dinkic, the Serbian government will soon form an Unemployment Fund that will approve micro loans to help currently unemployed persons start their own businesses. The loans will range from €5,000 to €20,000.