“Banks should start investing in Serbia”

BECEJ Serbia’s President Tomislav Nikolic has stated that banks in Serbia should stop with the speculations and instead invest in the Serbian economy. He and European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti visited the Sojaprotein factory on Saturday and said that it was a good example how a bank could affect the fate of the firm it cooperated with. “Banks should start investing in Serbia” “This could be an example for many business banks whose leadership should give up on speculations on the securities and money market and financing on dubious or nonexistent projects and they should look up to the EBRD which first came with loans, then helped other banks give loans and than it became a shareholder,” the president told reporters. He said that Serbia would in the future period have to invest a lot in the agriculture and energy sector. “People need to be convinced that they can make a nice and good living with agriculture,” Nikolic said. Commenting on genetically modified food, the president said: “Serbia will never join the group of countries that produce genetically modified food. We are not that poor that we have to start killing ourselves,” he pointed out. Nikolic stressed that Serbian needed a development bank that would provide funds to citizens. Tomislav Nikolic Tanjug

“Banks should start investing in Serbia”

“This could be an example for many business banks whose leadership should give up on speculations on the securities and money market and financing on dubious or nonexistent projects and they should look up to the EBRD which first came with loans, then helped other banks give loans and than it became a shareholder,” the president told reporters.

He said that Serbia would in the future period have to invest a lot in the agriculture and energy sector.

“People need to be convinced that they can make a nice and good living with agriculture,” Nikolić said.

Commenting on genetically modified food, the president said:

“Serbia will never join the group of countries that produce genetically modified food. We are not that poor that we have to start killing ourselves,” he pointed out.

Nikolić stressed that Serbian needed a development bank that would provide funds to citizens.