Serbia's transition progress rating grows

Serbia has improved its average rating for progress in transition from 2.7 to 2.85, EBRD Chief Economic Eric Berglof said Friday. This came thanks to the strengthening of the financial sector and trade liberalization Berglof explained his audience in Belgrade. Serbia's transition progress rating grows The European Bank for Reconstruction and Development (EBRD) 2008 transition report said Serbia had progressed considerably toward regional and European integration and that progress had also been made in talks with the World Trade Organization, whose member the country could become in 2009. EBRD also said that, though Serbia had strong economic growth, the high level of inflation and current balance of payment deficit presented problems. As Serbia's monetary policy is restrictive, the report read, it is necessary to adopt a fiscal policy which will ensure that control is maintained over public expenditures. The economic growth rate in Serbia will probably be about seven percent by the end of 2008, higher that the regional average, EBRD said. Serbia also needs to foster the education sector, complete the privatization process, build infrastructure and maintain macro-economic stability, EBRD economist Peter Sanfey said. The country faces essential reforms in the energy sector, transport and telecommunications, EBRD representatives said.

Serbia's transition progress rating grows

The European Bank for Reconstruction and Development (EBRD) 2008 transition report said Serbia had progressed considerably toward regional and European integration and that progress had also been made in talks with the World Trade Organization, whose member the country could become in 2009.

EBRD also said that, though Serbia had strong economic growth, the high level of inflation and current balance of payment deficit presented problems.

As Serbia's monetary policy is restrictive, the report read, it is necessary to adopt a fiscal policy which will ensure that control is maintained over public expenditures.

The economic growth rate in Serbia will probably be about seven percent by the end of 2008, higher that the regional average, EBRD said.

Serbia also needs to foster the education sector, complete the privatization process, build infrastructure and maintain macro-economic stability, EBRD economist Peter Sanfey said.

The country faces essential reforms in the energy sector, transport and telecommunications, EBRD representatives said.