Anti-crisis measures “good but uncertain”

Economic analyst Saša Đogović says that the government’s anti-crisis measures will give industry a boost, but could also lead to corruption.

Izvor: Tanjug

Wednesday, 04.02.2009.

16:30

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Economic analyst Sasa Djogovic says that the government’s anti-crisis measures will give industry a boost, but could also lead to corruption. He says that the measures will have a positive impact on domestic companies in terms of ensuring liquidity, but that a question mark remains over the implementation and selection criteria for those who will receive loans. Anti-crisis measures “good but uncertain” The analyst stresses that there is plenty of scope for bribery and corruption at a time when Serbian industry is suffering from a lack of financial resources. Djogovic says that the possibility of “invisible cabinet hands” should not be overlooked in terms of lobbying for certain clients, which will be especially true for investment loans that the state must help approve. He says a process of de-industrializing the country has been ongoing for the last eight years, that the supply of products has fallen, and that the list of Serbian products is minimal, all of which will dull the impact of the government’s bail-out plan. As far as economic growth for this year is concerned, experts from the Market Research Institute say that it will be good if it can be maintained at the same level as 2008.

Anti-crisis measures “good but uncertain”

The analyst stresses that there is plenty of scope for bribery and corruption at a time when Serbian industry is suffering from a lack of financial resources.

Đogović says that the possibility of “invisible cabinet hands” should not be overlooked in terms of lobbying for certain clients, which will be especially true for investment loans that the state must help approve.

He says a process of de-industrializing the country has been ongoing for the last eight years, that the supply of products has fallen, and that the list of Serbian products is minimal, all of which will dull the impact of the government’s bail-out plan.

As far as economic growth for this year is concerned, experts from the Market Research Institute say that it will be good if it can be maintained at the same level as 2008.

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