Q:
A:
Economic reforms strong commitment of Serbian government
Belgrade/London,
29 October 2013
Prime Minister Ivica Dacic visited today the London Stock Exchange, where he announced a deeper reform of the Serbian capital market.
Author:
Fonet
Dacic said on this occasion that economic reforms are a strong commitment of the Serbian government and that portfolio investments are the ones that can change the country’s economic environment the soonest.
For this reason, Serbia will start to deepen the reforms of the capital market and its institutions in the shortest time possible.
From the very beginning we have said clearly that we intend to change the economy of Serbia systematically, to strengthen it, open it up to the world and all the markets in which there is mutual interest . We are aware that without the capital market we cannot do that, Dacic said.
The Prime Minister said that the activation of savings will be encouraged and the attracting of local investment through the stock market, whereas the listing of public debt at all levels of the government, from municipalities and cities, through the province to the state of Serbia, will give instruments of security to the market.
At the same time, state-owned enterprises, a source of constant imbalance in the budget, will be listed on the stock exchange. We will improve and stimulate their management by using financial instruments related to the stock exchange, the Prime Minister said.
He pointed out that Serbian Parliament will soon adopt a law on forward market, given the structure of the Serbian economy in which agriculture occupies an important place.
With all these measures, our country has the highest potential for the growth of capital market in the region, Dacic said, adding that these measures will encourage foreign investors to invest in securities and financial derivatives on the Serbian market.
The Prime Minister will attend in London today the first Investment Day, at which Serbia will present its potential to foreign investors.
For this reason, Serbia will start to deepen the reforms of the capital market and its institutions in the shortest time possible.
From the very beginning we have said clearly that we intend to change the economy of Serbia systematically, to strengthen it, open it up to the world and all the markets in which there is mutual interest . We are aware that without the capital market we cannot do that, Dacic said.
The Prime Minister said that the activation of savings will be encouraged and the attracting of local investment through the stock market, whereas the listing of public debt at all levels of the government, from municipalities and cities, through the province to the state of Serbia, will give instruments of security to the market.
At the same time, state-owned enterprises, a source of constant imbalance in the budget, will be listed on the stock exchange. We will improve and stimulate their management by using financial instruments related to the stock exchange, the Prime Minister said.
He pointed out that Serbian Parliament will soon adopt a law on forward market, given the structure of the Serbian economy in which agriculture occupies an important place.
With all these measures, our country has the highest potential for the growth of capital market in the region, Dacic said, adding that these measures will encourage foreign investors to invest in securities and financial derivatives on the Serbian market.
The Prime Minister will attend in London today the first Investment Day, at which Serbia will present its potential to foreign investors.
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