Q:
A:
Business environment in Serbia improves this year
Belgrade,
13 November 2013
Minister of Economy Sasa Radulovic stated today that results of the Third Annual Survey conducted by the USAID among 1,000 companies show that business environment in Serbia has improved in 2013, but that red tape and interest rates still stifle the economy.
Sasa Radulovic
Author:
Tanjug
Presenting results of the survey at the Serbian Chamber of Commerce, Radulovic underlined that corruption has decreased in Serbia and that inspection surveillance has improved.
He pointed out that the new economic policy of the Serbian government is focused on the local economy, and that foreign investors are important for Serbia, but the best way to attract them is to create good conditions for doing businesses.
The role of the state is not to create jobs and invest, but to create conditions for that, Radulovic said.
US Ambassador to Serbia Michael Kirby pointed to positive developments, including the fact that 46% of respondents indicated that corruption has not affected their business this year, compared to 26% of respondents from the last year’s survey.
However, Kirby pointed out that 54% of businessmen still cite corruption as their major problem.
He said that survey results show that the Serbian economy, despite improvements, still faces problems in various fields, such as red tape, high taxes on wages, inflation, exchange rate volatility, inefficient judiciary and problems with obtaining building permits.
Kirby expressed the hope that the Serbian government will take into account the results of this survey, as it did previous years, and bring measures in a number of areas, as it has done recently, by adopting the draft laws on planning and construction, employment and privatisation.
He pointed out that the new economic policy of the Serbian government is focused on the local economy, and that foreign investors are important for Serbia, but the best way to attract them is to create good conditions for doing businesses.
The role of the state is not to create jobs and invest, but to create conditions for that, Radulovic said.
US Ambassador to Serbia Michael Kirby pointed to positive developments, including the fact that 46% of respondents indicated that corruption has not affected their business this year, compared to 26% of respondents from the last year’s survey.
However, Kirby pointed out that 54% of businessmen still cite corruption as their major problem.
He said that survey results show that the Serbian economy, despite improvements, still faces problems in various fields, such as red tape, high taxes on wages, inflation, exchange rate volatility, inefficient judiciary and problems with obtaining building permits.
Kirby expressed the hope that the Serbian government will take into account the results of this survey, as it did previous years, and bring measures in a number of areas, as it has done recently, by adopting the draft laws on planning and construction, employment and privatisation.
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