Dinkic at Euromoney conference in Belgrade

Speaking at a two-day conference on finance and investment in south-eastern Europe, organised by Euromoney magazine, Dinkic underlined that Serbia’s figures in this remit somewhat exceed the region’s average, noting that last year the GDP of countries in the region dropped 6% on average, while that of Serbia fell by only 2.8%.

Apart from budget revision and economic restructuring, Serbia must also attract new investors, bearing in mind the fact that at the moment it does not have enough finished products for export, he explained.

We also need to bring new companies, such as Fiat, Yura, Panasonic and others that will that will come to Serbia and open business here in order to hire workers and produce goods for export.

The Deputy Prime Minister stressed that the revised budget for 2010 is in accordance with an agreement with the International Monetary Fund (IMF) and stated that the consolidated budget deficit will be 4.8% of GDP, as agreed with the IMF.

In two days the IMF mission will come to Belgrade on the occasion of the sixth audit arrangement, and the main topic of negotiation will be the budget for 2011, said the Minister.

He highlighted that Telekom Srbija has good business indicators and that the sale of a majority package should not go below the price of €1.4 billion.