EBRD: Tadić victory can unlock Serbia's potential

The European Bank for Reconstruction and Development welcomed yesterday’s Serbian election result.

Izvor: Beta

Monday, 04.02.2008.

16:10

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The European Bank for Reconstruction and Development welcomed yesterday’s Serbian election result. The EBRD said that it could ease the “unblocking” of foreign and private investors. EBRD: Tadic victory can unlock Serbia's potential “I hope that this election will be the key to unlocking the region’s potential,” EBRD President Jean Lemierre told reporters in Warsaw. “The Serbian people felt that these elections mattered and they voted for a stable path towards the EU. Investors look on this favorably, as do we,” Lemierre added. According to the EBRD president, Serbia has huge potential and a great desire within the private sector to develop the economy, though it still had much to do in order to reach the level of averagely developed European countries. He said that it was particularly important that Serbia allowed “Kosovo an easy a transition as possible.” The EBRD has invested over EUR 1bn in Serbia. Economist Milan Kovacevic said today that Boris Tadic’s victory was a good sign for foreign investors. Kovacevic told Beta that it was very important for Serbia’s standing in the eyes of potential investors how events would unfold and whether the government would remain stable. “If the government remains stable and if there are no further changes in other institutions, that will do good for Serbia’s reputation in the eyes of potential foreign investors, as they are most afraid of instability, and certain institutions’ inability to function,“ he explained. Kovacevic said that Tadic’s victory would certainly leave a better impression than would have been the case had Nikolic done so, as in that event, there would have been a reshuffle of political forces that would have negatively impacted on European integration and potential foreign investors.

EBRD: Tadić victory can unlock Serbia's potential

“I hope that this election will be the key to unlocking the region’s potential,” EBRD President Jean Lemierre told reporters in Warsaw.

“The Serbian people felt that these elections mattered and they voted for a stable path towards the EU. Investors look on this favorably, as do we,” Lemierre added.

According to the EBRD president, Serbia has huge potential and a great desire within the private sector to develop the economy, though it still had much to do in order to reach the level of averagely developed European countries.

He said that it was particularly important that Serbia allowed “Kosovo an easy a transition as possible.”

The EBRD has invested over EUR 1bn in Serbia.

Economist Milan Kovačević said today that Boris Tadić’s victory was a good sign for foreign investors.

Kovačević told Beta that it was very important for Serbia’s standing in the eyes of potential investors how events would unfold and whether the government would remain stable.

“If the government remains stable and if there are no further changes in other institutions, that will do good for Serbia’s reputation in the eyes of potential foreign investors, as they are most afraid of instability, and certain institutions’ inability to function,“ he explained.

Kovačević said that Tadić’s victory would certainly leave a better impression than would have been the case had Nikolić done so, as in that event, there would have been a reshuffle of political forces that would have negatively impacted on European integration and potential foreign investors.

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