Serbia ranks 94th in Index of Economic Freedom
NEW YORK -- Serbia is ranked 94th out of 177 countries in the Heritage Foundation Index of Economic Freedom for 2013 - improving its result by 0.6 points on previous year.
Serbia's economic freedom score is 58.6, up by 0.6 points against 2012, with improvements in half of the 10 economic freedoms, including investment freedom and business freedom, outweighing deteriorations in freedom from corruption and monetary freedom.
According to the 2013 index, published by the Wall Street Journal and The Heritage Foundation based on their last year's survey, Serbia is ranked 37th out of 43 countries in the Europe region, and its overall score is below the world and regional averages.
“Over the past decade, Serbia has implemented significant structural reforms in some parts of its economy. The economy's competitiveness is supported by low flat tax rates, relative openness to global trade, and ongoing regulatory reforms,” according to the report on Serbia's economy.
“At 10 percent, the corporate tax rate is among Europe's lowest. A wider range of credit instruments has become available to the private sector, but the level of financial intermediation remains relatively low,” says the report.
“Despite some progress, Serbia lacks the political will needed for bold institutional reforms. Inefficient government spending remains high. Deeper institutional reforms are needed to tackle bureaucracy, reduce corruption, and strengthen a judicial system that is vulnerable to political interference,” - according to the authors of the report.
January 9, 2013 | 15:14 | Source: Tanjug | Comments: (21) | Send comment
BELGRADE -- Crown Prince of the United Arab Emirates (UAE) Sheikh Mohammed bin Zayed Al Nahyan arrived in Belgrade on Wednesday afternoon.
January 10, 2013 | 16:03 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbia's external debt at the end of October amounted to EUR 25.54 billion, reflecting a EUR 704.1 million increase on the previous month.
January 10, 2013 | 17:03 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The bridge over the Danube River between Belgrade's municipality of Zemun and the Borča neighborhood, will be completed by the end of October 2014.
January 10, 2013 | 14:11 | Source: B92, Večernje novosti | Comments: (17) | Send comment
BELGRADE -- Crown Prince of the United Arab Emirates (UAE) Sheikh Mohammed bin Zayed Al Nahyan is planning large investments in Serbia.
January 8, 2013 | 10:37 | Source: B92, Tanjug | Comments: (0) | Send comment
BELGRADE -- Economy and Finance Minister Mlađan Dinkić has said that chances of calling early elections this year were "less than one in a thousand".
January 4, 2013 | 20:56 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- Trstenik Mayor Miroslav Aleksić said on Friday that local and foreign investors would be offered a seven-hectare industrial zone in the town.
January 5, 2013 | 11:26 | Source: Tanjug | Comments: (0) | Send comment
SMEDEREVO -- Councilors of the Smederevo Town Assembly have accepted a U.S.-Dutch consortium Comico Oil offer for an out-of-court settlement.
January 7, 2013 | 15:03 | Source: B92 | Comments: (3) | Send comment
BELGRADE -- The coming year will create "positive effects" in the economy that will be felt "by all citizens", Economy and Finance Minister Mlađan Dinkić has said.