EBRD: Serbia makes some transition progress

Serbia has improved its average grade for progress in transition from 2.85 to 2.89, the European Bank for Reconstruction and Development (EBRD) said.

Izvor: Tanjug

Thursday, 17.12.2009.

19:07

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Serbia has improved its average grade for progress in transition from 2.85 to 2.89, the European Bank for Reconstruction and Development (EBRD) said. This came mainly thanks to the implementation of the Provisional Trade Agreement with the European Union, the banks 2009 Transition Report, presented in Belgrade today, states. EBRD: Serbia makes some transition progress Among 28 countries from central Europe to central Asia, Serbia is ranked 22nd, said EBRD lead economist Peter Sanfey during the presentation of the report at the National Bank of Serbia. Serbia is followed by Azerbaijan, Belarus, Bosnia-Herzegovina, Montenegro, Tajikistan, Turkmenistan and Uzbekistan. Sanfey underscored that according to the forecasts for the next year, Serbia will have a mild economic growth of one percent, while its economic growth in this year is expected to drop between 2.5 and three percent. He also said that a speedy return to the economic growth rates of before the crisis is not expected, but that Serbia has a bright future in the long run, provided it continues to make progress in the process of European integration.

EBRD: Serbia makes some transition progress

Among 28 countries from central Europe to central Asia, Serbia is ranked 22nd, said EBRD lead economist Peter Sanfey during the presentation of the report at the National Bank of Serbia.

Serbia is followed by Azerbaijan, Belarus, Bosnia-Herzegovina, Montenegro, Tajikistan, Turkmenistan and Uzbekistan.

Sanfey underscored that according to the forecasts for the next year, Serbia will have a mild economic growth of one percent, while its economic growth in this year is expected to drop between 2.5 and three percent.

He also said that a speedy return to the economic growth rates of before the crisis is not expected, but that Serbia has a bright future in the long run, provided it continues to make progress in the process of European integration.

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