Fiat deal to be "export mainstay"

Economy Minister Mlađan Dinkić said today that the Fiat deal would be the mainstay of Serbian export in the coming period.

Izvor: Beta

Wednesday, 17.12.2008.

15:42

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Economy Minister Mladjan Dinkic said today that the Fiat deal would be the mainstay of Serbian export in the coming period. At a conference of exporters held at the Serbian Chamber of Commerce, Dinkic underlined that the production of Fiat cars in Poland was increasing because the cost of car parts there was lower than in Italy, and because of the fact that the country manufactured small city cars of the same style that would be made in Serbia. Fiat deal to be "export mainstay" He added that the EU and the countries in the region continued to be Serbia’s most important export markets, but that free trade agreements would lend further impetus to export. The agreement of that nature that Serbia has with the Russian Federation is not sufficiently exploited, stressed the minister, adding that talks were under way with Belarus and Turkey on signing a free trade agreement, while an agreement was also in the pipeline with Ukraine and Iran. He said that to maximize export it was necessary to speed up customs procedures at borders and also enable customs procedures to be performed within the factories themselves. Dinkic said that the government and National Bank of Serbia (NBS) were preparing measures to ensure currency and price stability, adding that the NBS may well reduce the referent interest rate to facilitate cheaper loans. Speaking of the main macro-economic indicators, Dinkic pointed out that projected inflation for the end of the year was somewhere around eight percent, as was planned for 2009 too. He underlined that direct foreign investment into Serbia this year would reach USD 3bn, the same as last year, which, as he put it, was a solid result. Mladjan Dinkic (Tanjug, archive)

Fiat deal to be "export mainstay"

He added that the EU and the countries in the region continued to be Serbia’s most important export markets, but that free trade agreements would lend further impetus to export.

The agreement of that nature that Serbia has with the Russian Federation is not sufficiently exploited, stressed the minister, adding that talks were under way with Belarus and Turkey on signing a free trade agreement, while an agreement was also in the pipeline with Ukraine and Iran.

He said that to maximize export it was necessary to speed up customs procedures at borders and also enable customs procedures to be performed within the factories themselves.

Dinkić said that the government and National Bank of Serbia (NBS) were preparing measures to ensure currency and price stability, adding that the NBS may well reduce the referent interest rate to facilitate cheaper loans.

Speaking of the main macro-economic indicators, Dinkić pointed out that projected inflation for the end of the year was somewhere around eight percent, as was planned for 2009 too.

He underlined that direct foreign investment into Serbia this year would reach USD 3bn, the same as last year, which, as he put it, was a solid result.

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