Q:
A:
Talks on Russian loan for Serbia's budget next week
Belgrade,
2 January 2013
Minister of Finance and Economy Mladjan Dinkic announced today that he will go to Moscow next week to discuss with Minister of Finance of the Russian Federation Anton Siluanov the conditions under which the loan will be carried out by an additional $1 billion to support the budget of Serbia.
Author:
Tanjug
Dinkic told the news agency Tanjug that new measures to boost exports are being considered as well as solving problems in factories in restructuring, and the possibility of shortening of VAT repayment period for businesses in order to increase the liquidity of the economy.
The Minister stressed that more investment are planned for agriculture, mainly in the construction of irrigation and drainage.
For that purpose Serbia will take long-term loans, he said and announced talks with representatives of the United Arab Emirates and the World Bank.
In economic terms this year will be difficult for Serbia, but we will try to increase the gross domestic product, he said.
He pointed out that the negotiations with the International Monetary Fund (IMF) are expected in early spring, noting that Serbia does not need IMF funds, but noted that the arrangement is an important goal of acquiring additional credibility in the world.
The arrangement with the IMF will allow greater legal security of investments in Serbia, and the lowering of interest rates on our Eurobonds.
If concluded, the arrangement with the IMF will be purely as a precautionary measure and probably for a maximum of 18 months, explained Dinkic.
The Minister said that the state will react in the case of Galenika because this former giant now has enormous debts and a surplus of employees.
It will be the first public company in which we will try to find a lasting solution through an international tender, said Dinkic and added that the Ministry of Energy is preparing a plan of restructuring of Srbijagas, which is a major debt maker among public companies.
According to Dinkic, the state will offer for privatisation its share in Privredna Banka Belgrade, and that the tender will be announced early this year.
The Minister stressed that more investment are planned for agriculture, mainly in the construction of irrigation and drainage.
For that purpose Serbia will take long-term loans, he said and announced talks with representatives of the United Arab Emirates and the World Bank.
In economic terms this year will be difficult for Serbia, but we will try to increase the gross domestic product, he said.
He pointed out that the negotiations with the International Monetary Fund (IMF) are expected in early spring, noting that Serbia does not need IMF funds, but noted that the arrangement is an important goal of acquiring additional credibility in the world.
The arrangement with the IMF will allow greater legal security of investments in Serbia, and the lowering of interest rates on our Eurobonds.
If concluded, the arrangement with the IMF will be purely as a precautionary measure and probably for a maximum of 18 months, explained Dinkic.
The Minister said that the state will react in the case of Galenika because this former giant now has enormous debts and a surplus of employees.
It will be the first public company in which we will try to find a lasting solution through an international tender, said Dinkic and added that the Ministry of Energy is preparing a plan of restructuring of Srbijagas, which is a major debt maker among public companies.
According to Dinkic, the state will offer for privatisation its share in Privredna Banka Belgrade, and that the tender will be announced early this year.
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