“Serbia yet to enter economic crisis”

East Point Holdings President Zoran Drakulić said that Serbia has yet to enter its real period of economic crisis.

Izvor: Danas

Saturday, 24.04.2010.

11:38

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East Point Holdings President Zoran Drakulic said that Serbia has yet to enter its real period of economic crisis. He also said that he is not sure whether the government has a clear vision for getting out of this situation. “Serbia yet to enter economic crisis” “I think we are just now entering a period of crisis, considering that the current liquidity on the domestic market is catastrophic, and the moment that companies begin to submit their balances for the last year, there will be many problems with banks in re-approving credit,” Drakulic said. Drakulic said that there have been no concrete measures taken by the government for getting out of the crisis. “Essentially, production is low and we must enter industrialization, and that is what the prime minister announced a month ago. However, we don’t know what these measures are that will get the industry working, especially exports,” he said. “Exports are low, there are no new investments, and we have nothing else to sell. The sale of Telekom might solve the problem for a time, but it is a question of where the money from Telekom will go. We insisted that it should mostly be used to restore the capacities that are not working today,” Drakulic said. He said that companies need to be preserved and the number of workers must be harmonized with production capabilities.

“Serbia yet to enter economic crisis”

“I think we are just now entering a period of crisis, considering that the current liquidity on the domestic market is catastrophic, and the moment that companies begin to submit their balances for the last year, there will be many problems with banks in re-approving credit,” Drakulić said.

Drakulić said that there have been no concrete measures taken by the government for getting out of the crisis.

“Essentially, production is low and we must enter industrialization, and that is what the prime minister announced a month ago. However, we don’t know what these measures are that will get the industry working, especially exports,” he said.

“Exports are low, there are no new investments, and we have nothing else to sell. The sale of Telekom might solve the problem for a time, but it is a question of where the money from Telekom will go. We insisted that it should mostly be used to restore the capacities that are not working today,” Drakulić said.

He said that companies need to be preserved and the number of workers must be harmonized with production capabilities.

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