Business community propose anti-crisis measures

Serbia's new monetary model should be based on the control of prices and exchange rates and the solution of the problem of unemployment. This was stated in a document on the way to overcome the crisis presented by businesspeople and economists to government representatives. Business community propose anti-crisis measures The document was sent last week by the presidents of the Association of Corporate Directors of Serbia, the Serbian business club Privrednik, and the Union of Economists of Serbia to President Boris Tadic, Prime Minister Mirko Cvetkovic, and the chairman of the National Bank of Serbia board of directors Dejan Soskic, but they claim that they still have not received any replies. "The state should create an environment for the survival of private capital in a time of crisis," the president of the Union of Economists of Serbia, Dragan Djuricin, told the press. Djuricin said that in the past decade, Serbia has implemented a model of "a strong currency in a weak economy," which is not sustainable due to the structure of foreign currency reserves, which are dominated by temporary sources. He added that Serbia needs a stable currency rate in order to send a positive signal to businessmen, which does not mean that it should be fixed, but transparent, and that the basis for adjustment should be the inflation rate. It was underlined that the functioning of a new monetary model requires better coordination between the central bank and the government, especially in terms of tax policy. The document stated that investment should be increased through investments in energy, telecommunications, the food industry, some agriculture sectors and infrastructure.

Business community propose anti-crisis measures

The document was sent last week by the presidents of the Association of Corporate Directors of Serbia, the Serbian business club Privrednik, and the Union of Economists of Serbia to President Boris Tadić, Prime Minister Mirko Cvetković, and the chairman of the National Bank of Serbia board of directors Dejan Šoškić, but they claim that they still have not received any replies.

"The state should create an environment for the survival of private capital in a time of crisis," the president of the Union of Economists of Serbia, Dragan Đuričin, told the press.

Đuričin said that in the past decade, Serbia has implemented a model of "a strong currency in a weak economy," which is not sustainable due to the structure of foreign currency reserves, which are dominated by temporary sources.

He added that Serbia needs a stable currency rate in order to send a positive signal to businessmen, which does not mean that it should be fixed, but transparent, and that the basis for adjustment should be the inflation rate.

It was underlined that the functioning of a new monetary model requires better coordination between the central bank and the government, especially in terms of tax policy.

The document stated that investment should be increased through investments in energy, telecommunications, the food industry, some agriculture sectors and infrastructure.