"Big investments" predicted for Serbia's defense industry
BELGRADE -- Deputy PM and Defense Minister Aleksandar Vučić says EUR 160 million will be invested in Serbia's defense industry in the next three years.
Vučić at the fair on Tuesday (Tanjug)
Speaking on Tuesday in Belgrade, he added that EUR 75 million will be invested "this year only."
Vučić was touring Defense Expo Partner 2013 when he stressed that the investments would be "strictly controlled to ensure they were used for improving production."
"There is room for more jobs in the defense industry and potential for Serbia to show the world it can still do what it used to be most successful at," he noted, adding he expected new employees soon at Utva, a Pančevo based company that makes training aircraft.
"You could see here the significant improvements we have achieved when it comes to drones, radar systems, radiogoniometers and everything else the Military Technical Institute has designed and defense companies made," Vučić stated.
"It proves Serbia is capable of keeping up with world trends when it comes to the defense industry," he pointed out.
He was "particularly pleased," Tanjug reported, with the unveiling of the armored vehicle Lazar2, which was improved significantly compared to its predecessor.
"Lazar2 is up to three times cheaper than its counterpart from Finland, Patria, and its advantages in price and equipment are proven by the fact that buyers have already been found and that 3 vehicles have been sold to Pakistan,"Vučić said.
Commenting on the negotiations with the Russian side about buying new combat aircraft, Vučić remarked he expected "a new round of talks in order to find the best arrangement for Serbia."
Business & Economy
June 25, 2013 | 15:07 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Serbian government has unanimously adopted 2013 budget review bill which envisages savings of around RSD 36 billion (around EUR 314 million).
June 25, 2013 | 12:21 | Source: Tanjug, Večernje novosti | Comments: (1) | Send comment
BELGRADE -- Milan Bačević says a call for bids for the construction works on the section of the South Stream pipeline through Serbia should be announced in September.
June 24, 2013 | 11:31 | Source: Tanjug | Comments: (2) | Send comment
BELGRADE -- Ivica Dačić has said that Serbia is not facing bankruptcy and it has no problems with liquidity, but that it must adopt a strategy for the economic recovery.
June 24, 2013 | 10:21 | Source: Tanjug | Comments: (2) | Send comment
BELGRADE -- Russia is ready to fully finance the section of the South Stream gas pipeline through Serbia, a Serbian government minister has said.
June 21, 2013 | 10:20 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Fiscal Council welcomed the government's program of measures to reform the public sector, Fiscal Council President Pavle Petrović told Tanjug.
June 20, 2013 | 15:08 | Source: Tanjug | Comments: (2) | Send comment
BELGRADE -- The Serbian government did not reach consensus about the privatization of Telekom Srbija, but will offer 66 companies for sale.
June 20, 2013 | 12:19 | Source: Tanjug | Comments: (0) | Send comment
MOKRA GORA -- The biggest regional gathering of financial leaders and economic experts, the CFO Vivaldi Summer Forum, opened in Mokra Gora, western Serbia.
June 20, 2013 | 09:26 | Source: Tanjug | Comments: (2) | Send comment
BELGRADE -- The government announced on Wednesday that it will introduce austerity measures in the public sector and reduce the number of employees with the administration.
June 19, 2013 | 15:18 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Mlađan Dinkić has said that there will be no privatization of Telekom Srbija "until further notice".
June 19, 2013 | 15:10 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbia and Greece have traditionally good relations, on a high level, but there are many unused opportunities for better economic cooperation.
June 19, 2013 | 13:09 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Serbian government will save RSD 37 billion (around EUR 325 million) through a budget revision, Minister of Economy and Finance Mlađan Dinkić says.