Economy based on subsidies "not sustainable"

Economy Minister Saša Radulović says an economy based on subsidies was not sustainable, and that a systemic solution had to be found to support the economy.

Izvor: Tanjug

Monday, 16.09.2013.

13:17

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BELGRADE Economy Minister Sasa Radulovic says an economy based on subsidies was not sustainable, and that a systemic solution had to be found to support the economy. Serbia should improve the business environment in the country and attract investors because of its high quality workforce, good business conditions and legal security, he told reporters in Belgrade on Monday. Economy based on subsidies "not sustainable" "Serbia could make improvements in those fields in order to be more competitive than the surrounding countries," he noted. "Production is a strategic choice, while employment is the chief problem," he stated. "If we do not resolve the employment issue, we cannot solve anything," Radulovic remarked. According to the minister, the economic policy of the past 12 years yielded bad results, and that has to change. Sasa Radulovic (Tanjug, file) Tanjug

Economy based on subsidies "not sustainable"

"Serbia could make improvements in those fields in order to be more competitive than the surrounding countries," he noted.

"Production is a strategic choice, while employment is the chief problem," he stated.

"If we do not resolve the employment issue, we cannot solve anything," Radulović remarked.

According to the minister, the economic policy of the past 12 years yielded bad results, and that has to change.

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