Dinkić: Russian NIS offer humiliating

Dinkić: Russian NIS offer humiliating.
serbia will remember this for long i think
Have ever Russia has any historical record of developing countries they were friends with?
Selling NIS under half of its market value, just because you want russians to have it and not others, and saying that this is an economical incentive for Russia to build the oil pipeline, is a total humiliation, when they should have been offering double the price to show that they support us. Other EU companies can offer much more and real development in other areas, because pipelines are not development my friend, just will make serbia a russian workshop and drying resources, labor, and development and developing russia. russia not steal your money and assets. russia opportunists.
US is offering Kosova unconditional support, and it has no interest in it, it is also financing albanians, guiding, helping them to develop. rusia by buying cheap asset or biuld pipelines which are not development for people, but just means and rights for russia and its business profit. where is here the development? serbia will be a dirty russian factory just for work and no place or environment for people to live.
But anyway you cannot say no to Russia now, it's too late.
Russia kept its word "Veto" you have to pay back now.

Doni,

You are funny with your conclusions, especially with the one that Americans do help Kosovo becuse of its pure love and affections for K-Albanians. You paid already dearly for that through lobby and you will still pay by all means, just wait and see.

However, when it comes to NIS I think it is better to have energetic leader No.1 in the world and secure energy supply for the country. All the EU oil companies are dependent on other energetic giants and still cannot guarantee regular suply of energy. With south stream at least Serbia would assure energy supply. Sometimes some things must be given under the price. Further more, I believe this is not final word from Russia and neither from Serbia. The two countries will find compromise for sure. And finally, I think there is no links with NIS and veto use. Russia will use right of veto regrdless the final agreement on NIS. And of course Russia won't use veto right just because of the affections for Serbs but for other purposes and its own agenda.

The West is probably very happy if the serbian regime follows dinkic's advice to lock out Russia from the Serbian economy.

Logical thinking is not strongest point in Mr. Dinkic reasoning. Mr. Dinkic do you think that Russians will invest a billion dollars by baying NIS and then choose alternative route for oil pipeline? Get real! The only way to assure Russian decision regarding the oil pipeline through Serbia is to give them economical based reason. Mr. Dinkic, you should think in in line of economic relationship and to understand that eventual oil pipeline through Serbia will open thousand of jobs and benefits Serbian economy and people. Further development is more important than fast money pocketing in current situation. Alternative route of oil pipelines out of Serbia will decrease price of NIS drastically. I have high opinion in regards to Kostunica team but your reasoning just proves that you do not belongs there. In this moment we need people that possessestalent of lateral thinking.

I guess, this is just the begining of Russian control over Serbian market, the price of VETO needs its pay back. Good luck!

Most of the countries in Eastern Europe have learned their lesson that Russia is not a reliant or even friendly neighbor. They all are currently struggling. Serbia, on the other side, tries not only its best to fall under full Russian rule but sells out its most valuable assets. It would be more or less understandable if Serbia would receive Kosovo back, but the point is that Russia is effectively doing nothing to make Serbia's wish become true. In the contrary, it even wants to copy the Western strategy of making provinces/regions independent, without the consent of the UNSC. It's obvious that Russia takes this thankfully and uses it for its own interests, simultaneously raiding Serbia's economy.

I expected that the Russians will take advantage of the situation in South Eastern Europe, but it is very interesting how obviously they are moving against the interest of the Serbian people. Dinkic words are quite clear, "this is humiliating". Even when Russia would fulfill its promises (what is far from being sure) and build the pipeline, which guarantee does Serbia have? Belorussia and Ukraine were once also close allies to Russia. We all know what happened when they didn't follow the instructions of Moscow. Serbia's government must be even blinder than assumed when they think that this "deal" is a long-term investment. It’s a humiliating selling out with Russian oligarchs as the winners.

"before the russian offer was euro 750 in cash +750 in investment, now it got 400 in cash +400in investment.
I wonder what happened? why it is going down?"

Maybe because it is only 51 percent of NIS - so its only half.

Finally Serbia is becoming the sort of client state of Russia that Milosevic always had in mind. Now Gunvor and Putin can pocket our money. Thank God for nationalism.

Cost of Russian veto in UNSC is emerging. If integration of Serbia in EU without Kosova is humiliating what do you call this than. Dinkic calls it humiliating too. It looks like Serbia has to choose between two humiliations. Being humiliated from Russia is much worst than form US and EU, West and East Germany are examples. However, it is up to Serbs to choose the kind of humiliation

B92 I predict many from serb camp here will say: this is propaganda, this is hater, and B92 help promote this. B92 should serve the serbian cause and aims, even if it means ..... their own people.

before the russian offer was euro 750 in cash +750 in investment, now it got 400 in cash +400in investment.
I wonder what happened? why it is going down?
One thing is for sure, russia cannot be fooled, when for business. So, what happened.

"National Bank of Serbia (NBS) Governor Radovan Jelašić says inflation WILL stand at 10 percent by the end of the year.
He made the comments Thursday, to confirm that the 2007 target of 6.5 percent will be missed.-according to B92

so maybe russia is also predicting a period of isolation and economic instability in serbia, which may increase the inflation more 10% like it is predicted and thus the value of the asset NIS will go even down. So, if they wait just a little more and make sure thing go "OK" with their trap, they may be able to sign the selling right when Kosova becomes independent, serbia becomes instable and inflation goes sky rocketing and the value of NIS goes the opposite down and get it for free.

meanwhile also corruption from many pro-russian opportunists is not excluded.
(doni, 28 December 2007 23:33) "

doni,

can you please explain your economic reasoning? Inflation is a situation where too much money is chasing after too few goods, leading to a rise in prices. Yet your brand of economics prescribed both a rise in inflation and a drop in prices of NIS and other things in Serbia ....... how does that square with Economics 101????? I am interested to know although I have a hunch you won't be providing a logical answer anytime soon.

"OK, it is very simple, the inflation will be as you like to say an internal matter in serbia.
But NIS will be sold in an International tender or agreement, we will see. And the price of NIS will be in Foreign currency, which will make NIS very cheap to buy for Internatioanls. But for serbs prices will rise, because of the domestic currency and exchange rate.

See it from both sides, and understand the logic. for serbs prices will rise, for foreign will get cheap.
and inflation doesnt occur only because too much money after too few goods, there are other reasons, which can lead to inflation also and to put down price of assets.
even corruption puts down prices of assets, non-transparency, or not making an international fair tender can put price down.
(doni, 29 December 2007 17:16)"

NIS will only be cheap in foreign currency only if there is a devaluation in the Serbian dinar. But currency appreciation or depreciation does not arise directly as a result of inflationary pressures in a country.

As far as the Serbians are concerned, it is the price of NIS in dinar that matters to them. What the foreigners pay in foreign currency is of no direct interest to them. As long as the foreigners are able to pay what the Serbians want in terms of dinar, that's ok for the Serbians.

I am sorry to say that I still disagree with you. Any basic Economics 101 course will tell you that inflation is primary the result of a relative excess in demand for goods and services ie. the basic tenet of too much money in the country and too few goods available. A rise in interest rates could also contribute to inflation but that is a monetary policy issue and has little to do with the sale of NIS to outsiders.

to ida

or may be someone want to cash in and will put the offer even down.
because in this Kosova gamble one of them will win the chair, the others will be out of the politics because of the Kosova loss, so the ones who make their mind that will loose the gamble is trying to cash in here as fast as it can, and as soon as this opportunity is not over.
I predict the final sell out will be even lower in price, maybe 250cash+400in promised investment, which are unspecified of how and who will benefit in this investments and who will have the rights.

National Bank of Serbia (NBS) Governor Radovan Jelašić says inflation WILL stand at 10 percent by the end of the year.
He made the comments Thursday, to confirm that the 2007 target of 6.5 percent will be missed.-according to B92

so maybe russia is also predicting a period of isolation and economic instability in serbia, which may increase the inflation more 10% like it is predicted and thus the value of the asset NIS will go even down. So, if they wait just a little more and make sure thing go "OK" with their trap, they may be able to sign the selling right when Kosova becomes independent, serbia becomes instable and inflation goes sky rocketing and the value of NIS goes the opposite down and get it for free.

meanwhile also corruption from many pro-russian opportunists is not excluded.

#7 bmrusila,

russian said that they will follow the market principles when deciding if will or will not pass through Serbia, and maybe they will be based also an market principles on how much serbia should pay for its gas, like they change it for ukraine, belrusians, and other ex.sov.rep.
So, i dont see here any advantage of serbia for selling low price NIS, in order to assure that #1company for gas as you say to come in serbia, when you will be paying same price for gas as albaians in kosova. the russians want also to be in EU,and buy there also but EU doesnt like it and will not let them buy.
But anyway serbia now is in a russian trap and the pro-russians there will use it as much as it can to use serbia, and after go to russia and spend the money.
where is the miloscevics money, is it in russia with his wife? why you dont tell the truth here than in the name of nationalism, you are using the serbs here.
what kosova has to do with serbian citiziens daily lives? except if you make them beleive by playing with their mind by repeating everyday that non-sense, that "without keeping someone together with you against his/her will, you will die/desapear" which is not true.

doni,

can you please explain your economic reasoning? Inflation is a situation where too much money is chasing after too few goods, leading to a rise in prices. Yet your brand of economics prescribed both a rise in inflation and a drop in prices of NIS and other things in Serbia ....... how does that square with Economics 101????? I am interested to know although I have a hunch you won't be providing a logical answer anytime soon.
(lowe, 29 December 2007 05:36)


OK, it is very simple, the inflation will be as you like to say an internal matter in serbia.
But NIS will be sold in an International tender or agreement, we will see. And the price of NIS will be in Foreign currency, which will make NIS very cheap to buy for Internatioanls. But for serbs prices will rise, because of the domestic currency and exchange rate.

See it from both sides, and understand the logic. for serbs prices will rise, for foreign will get cheap.
and inflation doesnt occur only because too much money after too few goods, there are other reasons, which can lead to inflation also and to put down price of assets.
even corruption puts down prices of assets, non-transparency, or not making an international fair tender can put price down.

B92 I predict many from serb camp here will say: this is propaganda, this is hater, and B92 help promote this. B92 should serve the serbian cause and aims, even if it means ..... their own people.

before the russian offer was euro 750 in cash +750 in investment, now it got 400 in cash +400in investment.
I wonder what happened? why it is going down?
One thing is for sure, russia cannot be fooled, when for business. So, what happened.

Cost of Russian veto in UNSC is emerging. If integration of Serbia in EU without Kosova is humiliating what do you call this than. Dinkic calls it humiliating too. It looks like Serbia has to choose between two humiliations. Being humiliated from Russia is much worst than form US and EU, West and East Germany are examples. However, it is up to Serbs to choose the kind of humiliation

Dinkić: Russian NIS offer humiliating.
serbia will remember this for long i think
Have ever Russia has any historical record of developing countries they were friends with?
Selling NIS under half of its market value, just because you want russians to have it and not others, and saying that this is an economical incentive for Russia to build the oil pipeline, is a total humiliation, when they should have been offering double the price to show that they support us. Other EU companies can offer much more and real development in other areas, because pipelines are not development my friend, just will make serbia a russian workshop and drying resources, labor, and development and developing russia. russia not steal your money and assets. russia opportunists.
US is offering Kosova unconditional support, and it has no interest in it, it is also financing albanians, guiding, helping them to develop. rusia by buying cheap asset or biuld pipelines which are not development for people, but just means and rights for russia and its business profit. where is here the development? serbia will be a dirty russian factory just for work and no place or environment for people to live.
But anyway you cannot say no to Russia now, it's too late.
Russia kept its word "Veto" you have to pay back now.

I guess, this is just the begining of Russian control over Serbian market, the price of VETO needs its pay back. Good luck!

Finally Serbia is becoming the sort of client state of Russia that Milosevic always had in mind. Now Gunvor and Putin can pocket our money. Thank God for nationalism.

Most of the countries in Eastern Europe have learned their lesson that Russia is not a reliant or even friendly neighbor. They all are currently struggling. Serbia, on the other side, tries not only its best to fall under full Russian rule but sells out its most valuable assets. It would be more or less understandable if Serbia would receive Kosovo back, but the point is that Russia is effectively doing nothing to make Serbia's wish become true. In the contrary, it even wants to copy the Western strategy of making provinces/regions independent, without the consent of the UNSC. It's obvious that Russia takes this thankfully and uses it for its own interests, simultaneously raiding Serbia's economy.

I expected that the Russians will take advantage of the situation in South Eastern Europe, but it is very interesting how obviously they are moving against the interest of the Serbian people. Dinkic words are quite clear, "this is humiliating". Even when Russia would fulfill its promises (what is far from being sure) and build the pipeline, which guarantee does Serbia have? Belorussia and Ukraine were once also close allies to Russia. We all know what happened when they didn't follow the instructions of Moscow. Serbia's government must be even blinder than assumed when they think that this "deal" is a long-term investment. It’s a humiliating selling out with Russian oligarchs as the winners.

doni,

can you please explain your economic reasoning? Inflation is a situation where too much money is chasing after too few goods, leading to a rise in prices. Yet your brand of economics prescribed both a rise in inflation and a drop in prices of NIS and other things in Serbia ....... how does that square with Economics 101????? I am interested to know although I have a hunch you won't be providing a logical answer anytime soon.
(lowe, 29 December 2007 05:36)


OK, it is very simple, the inflation will be as you like to say an internal matter in serbia.
But NIS will be sold in an International tender or agreement, we will see. And the price of NIS will be in Foreign currency, which will make NIS very cheap to buy for Internatioanls. But for serbs prices will rise, because of the domestic currency and exchange rate.

See it from both sides, and understand the logic. for serbs prices will rise, for foreign will get cheap.
and inflation doesnt occur only because too much money after too few goods, there are other reasons, which can lead to inflation also and to put down price of assets.
even corruption puts down prices of assets, non-transparency, or not making an international fair tender can put price down.

Logical thinking is not strongest point in Mr. Dinkic reasoning. Mr. Dinkic do you think that Russians will invest a billion dollars by baying NIS and then choose alternative route for oil pipeline? Get real! The only way to assure Russian decision regarding the oil pipeline through Serbia is to give them economical based reason. Mr. Dinkic, you should think in in line of economic relationship and to understand that eventual oil pipeline through Serbia will open thousand of jobs and benefits Serbian economy and people. Further development is more important than fast money pocketing in current situation. Alternative route of oil pipelines out of Serbia will decrease price of NIS drastically. I have high opinion in regards to Kostunica team but your reasoning just proves that you do not belongs there. In this moment we need people that possessestalent of lateral thinking.

Doni,

You are funny with your conclusions, especially with the one that Americans do help Kosovo becuse of its pure love and affections for K-Albanians. You paid already dearly for that through lobby and you will still pay by all means, just wait and see.

However, when it comes to NIS I think it is better to have energetic leader No.1 in the world and secure energy supply for the country. All the EU oil companies are dependent on other energetic giants and still cannot guarantee regular suply of energy. With south stream at least Serbia would assure energy supply. Sometimes some things must be given under the price. Further more, I believe this is not final word from Russia and neither from Serbia. The two countries will find compromise for sure. And finally, I think there is no links with NIS and veto use. Russia will use right of veto regrdless the final agreement on NIS. And of course Russia won't use veto right just because of the affections for Serbs but for other purposes and its own agenda.

The West is probably very happy if the serbian regime follows dinkic's advice to lock out Russia from the Serbian economy.

"before the russian offer was euro 750 in cash +750 in investment, now it got 400 in cash +400in investment.
I wonder what happened? why it is going down?"

Maybe because it is only 51 percent of NIS - so its only half.

to ida

or may be someone want to cash in and will put the offer even down.
because in this Kosova gamble one of them will win the chair, the others will be out of the politics because of the Kosova loss, so the ones who make their mind that will loose the gamble is trying to cash in here as fast as it can, and as soon as this opportunity is not over.
I predict the final sell out will be even lower in price, maybe 250cash+400in promised investment, which are unspecified of how and who will benefit in this investments and who will have the rights.

National Bank of Serbia (NBS) Governor Radovan Jelašić says inflation WILL stand at 10 percent by the end of the year.
He made the comments Thursday, to confirm that the 2007 target of 6.5 percent will be missed.-according to B92

so maybe russia is also predicting a period of isolation and economic instability in serbia, which may increase the inflation more 10% like it is predicted and thus the value of the asset NIS will go even down. So, if they wait just a little more and make sure thing go "OK" with their trap, they may be able to sign the selling right when Kosova becomes independent, serbia becomes instable and inflation goes sky rocketing and the value of NIS goes the opposite down and get it for free.

meanwhile also corruption from many pro-russian opportunists is not excluded.

#7 bmrusila,

russian said that they will follow the market principles when deciding if will or will not pass through Serbia, and maybe they will be based also an market principles on how much serbia should pay for its gas, like they change it for ukraine, belrusians, and other ex.sov.rep.
So, i dont see here any advantage of serbia for selling low price NIS, in order to assure that #1company for gas as you say to come in serbia, when you will be paying same price for gas as albaians in kosova. the russians want also to be in EU,and buy there also but EU doesnt like it and will not let them buy.
But anyway serbia now is in a russian trap and the pro-russians there will use it as much as it can to use serbia, and after go to russia and spend the money.
where is the miloscevics money, is it in russia with his wife? why you dont tell the truth here than in the name of nationalism, you are using the serbs here.
what kosova has to do with serbian citiziens daily lives? except if you make them beleive by playing with their mind by repeating everyday that non-sense, that "without keeping someone together with you against his/her will, you will die/desapear" which is not true.

"National Bank of Serbia (NBS) Governor Radovan Jelašić says inflation WILL stand at 10 percent by the end of the year.
He made the comments Thursday, to confirm that the 2007 target of 6.5 percent will be missed.-according to B92

so maybe russia is also predicting a period of isolation and economic instability in serbia, which may increase the inflation more 10% like it is predicted and thus the value of the asset NIS will go even down. So, if they wait just a little more and make sure thing go "OK" with their trap, they may be able to sign the selling right when Kosova becomes independent, serbia becomes instable and inflation goes sky rocketing and the value of NIS goes the opposite down and get it for free.

meanwhile also corruption from many pro-russian opportunists is not excluded.
(doni, 28 December 2007 23:33) "

doni,

can you please explain your economic reasoning? Inflation is a situation where too much money is chasing after too few goods, leading to a rise in prices. Yet your brand of economics prescribed both a rise in inflation and a drop in prices of NIS and other things in Serbia ....... how does that square with Economics 101????? I am interested to know although I have a hunch you won't be providing a logical answer anytime soon.

"OK, it is very simple, the inflation will be as you like to say an internal matter in serbia.
But NIS will be sold in an International tender or agreement, we will see. And the price of NIS will be in Foreign currency, which will make NIS very cheap to buy for Internatioanls. But for serbs prices will rise, because of the domestic currency and exchange rate.

See it from both sides, and understand the logic. for serbs prices will rise, for foreign will get cheap.
and inflation doesnt occur only because too much money after too few goods, there are other reasons, which can lead to inflation also and to put down price of assets.
even corruption puts down prices of assets, non-transparency, or not making an international fair tender can put price down.
(doni, 29 December 2007 17:16)"

NIS will only be cheap in foreign currency only if there is a devaluation in the Serbian dinar. But currency appreciation or depreciation does not arise directly as a result of inflationary pressures in a country.

As far as the Serbians are concerned, it is the price of NIS in dinar that matters to them. What the foreigners pay in foreign currency is of no direct interest to them. As long as the foreigners are able to pay what the Serbians want in terms of dinar, that's ok for the Serbians.

I am sorry to say that I still disagree with you. Any basic Economics 101 course will tell you that inflation is primary the result of a relative excess in demand for goods and services ie. the basic tenet of too much money in the country and too few goods available. A rise in interest rates could also contribute to inflation but that is a monetary policy issue and has little to do with the sale of NIS to outsiders.