Serbia unprepared for new wave of crisis - PKS chief

Serbian Chamber of Commerce (PKS) President Miloš Bugarin has stated that Serbia is completely unprepared for the second wave of crisis.

Izvor: Tanjug

Friday, 02.09.2011.

12:22

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Serbian Chamber of Commerce (PKS) President Milos Bugarin has stated that Serbia is completely unprepared for the second wave of crisis. He pointed out that the state had done almost nothing to get ready for the forthcoming impact. Serbia unprepared for new wave of crisis - PKS chief “Instead of clearly defining the strategy and plans, the government keeps repeating that the new wave of crisis may not even occur. This optimism is completely groundless. Serbia's economy is facing new problems in a much worse shape, weaker than three years ago when the crisis started,” Bugarin told Belgrade-based daily Vecernje novosti. He said that the country would face the new wave of crisis with a much bigger unemployment, huge illiquidity, higher inflation and a budget deficit. "It is only a matter of day when the crisis will hit the real sector. That is why we request an urgent meeting between the prime minister, businessmen, representatives of business associations and banks and the National Bank of Serbia governor, so as to determine urgent measures for mitigating negative effects of the second wave of crisis,” the PKS president stressed. Milos Bugarin (Beta, file)

Serbia unprepared for new wave of crisis - PKS chief

“Instead of clearly defining the strategy and plans, the government keeps repeating that the new wave of crisis may not even occur. This optimism is completely groundless. Serbia's economy is facing new problems in a much worse shape, weaker than three years ago when the crisis started,” Bugarin told Belgrade-based daily Večernje novosti.

He said that the country would face the new wave of crisis with a much bigger unemployment, huge illiquidity, higher inflation and a budget deficit.

"It is only a matter of day when the crisis will hit the real sector. That is why we request an urgent meeting between the prime minister, businessmen, representatives of business associations and banks and the National Bank of Serbia governor, so as to determine urgent measures for mitigating negative effects of the second wave of crisis,” the PKS president stressed.

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