Politicians voice stands for and against IMF measures
BELGRADE -- Serbia needs reforms, political party officials agreed at the conference on economic directions of Serbia's development.
But they held different views on whether or not the measures of the International Monetary Fund (IMF) should be implemented in the reform process, Tanjug is reporting.
Early parliamentary elections will be held on Sunday. The IMF mission arrived in Belgrade on February 26 and will stay in the country until March 13.
Addressing the gathering on Serbia's economic direction and the 2014 elections, Vice President of the Socialist Party of Serbia (SPS) Dušan Bajatović said that he is against the implementation of IMF measures because these cannot contribute to the economic growth of any country, Serbia included.
This does not means that the talks with the IMF should not take place, Bajatović said and added that it should be borne in mind that the measures recommended by the international financial institution can entail high costs for the country.
The economy of growth which Serbia needs cannot be based on IMF rules, Bajatović said.
The candidate of the list "Enough of That" and former Minister of Economy Saša Radulović replied that the task of IMF is not to draft Serbia's economic growth plans but instead to assess the country's success in this sense and rate the quality of its fiscal policy.
IMF does not dictate anything, it simply assesses if our plans are realistic and it is willing to provide assistance in case we are willing to help ourselves, Radulović said.
Serbia has "a crony economy and a parasitical system" and it is not willing to dismantle them, Radulović said and underscored that there is no will to carry out difficult reforms.
Replying to reporters' question as to whether the party that conducts economic reforms would have a problem with the political rating, Dušan Nikezić of the Democratic Party (DS) stated that the rating would even improve if the reforms produce positive results, which means that they need to be designed well.
Nikezić said that DS supports opening of 20 regional centers around Serbia and added that EUR 600 million should be invested to this end instead of spending the money on severance pays for employees of restructuring companies.
The DS official said that the economic model maintained by the outgoing government, based on cuts in citizens' income and increase of taxes, cannot produce positive results.
Nikezić said that small and mid-size companies need to be given support and economic incentives in order to increase exports, adding that revitalization of agricultural combines is also required.
Bajatović noted that in some two years, Serbia's GDP needs to be at EUR 50-60 billion annually and if the country fails to achieve it, not a single political group will have a chance of success. He underscored that Serbia's public debt would thus drop below 60 percent of the GDP.
Radulovćc said that the government needs to create a favorable economic environment and the economy will then easily ensure higher production output and employment.
Tuesday 11.03.2014 | 16:48 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The NBS FX reserves amounted to EUR 10,831.8mn at end-February, covering M1 by 351 percent - more than seven months of imports of goods and services.
Monday 10.03.2014 | 16:04 | Source: Beta | Comments: (0) | Send comment
BELGRADE -- Doctors and pharmacists in Serbia went on strike on Monday morning and appealed on the the public to seek medical assistance "only when absolutely necessary."
Monday 10.03.2014 | 14:45 | Source: Tanjug | Comments: (3) | Send comment
Zaječar -- URS party leader Mlađan Dinkić has told a rally in the eastern town of Zaječar that the "belt-tightening policy should be abandoned immediately."
Friday 7.03.2014 | 14:03 | Source: Tanjug | Comments: (1) | Send comment
KOPAONIK -- The Serbia investment conference will be held in Paris on May 23 and attended by representatives of 50 large French companies, potential investors in Serbia.
Friday 7.03.2014 | 13:12 | Source: Tanjug | Comments: (1) | Send comment
ABU DHABI, BELGRADE -- The USD 1 billion loan that the United Arab Emirates (UAE) granted to Serbia is very favorable, Serbian Minister of Finance Lazar Krstić has said.
Friday 7.03.2014 | 10:03 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate unchanged at 9.5 percent.
Thursday 6.03.2014 | 09:24 | Source: B92, Tanjug | Comments: (4) | Send comment
BELGRADE -- The government of Serbia made a unanimous decision late on Wednesday to approve the USD 1 billion loan from the United Arab Emirates.
Tuesday 4.03.2014 | 14:51 | Source: Tanjug | Comments: (0) | Send comment
KOPAONIK -- The National Bank of Serbia (NBS) will continue to pursue a cautious monetary policy oriented towards ensuring favorable conditions, says Jorgovanka Tabaković.
Tuesday 4.03.2014 | 10:09 | Source: Tanjug | Comments: (1) | Send comment
KOPAONIK -- This year's Kopaonik Business Forum, the 21st in a row, begins on Tuesday in the mountain resort of Mt. Kopaonik and will last until March 6.
Monday 3.03.2014 | 11:01 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Official talks between the outgoing Serbian government and the Mission of the International Monetary Fund (IMF) have begun in Belgrade on Monday.
Thursday 27.02.2014 | 12:56 | Source: Beta, RTS, Tanjug | Comments: (2) | Send comment
BELGRADE -- Lazar Krstić has said that the new Serbian government to be formed after the March elections, will be negotiating a new three-year arrangement with IMF.
Wednesday 26.02.2014 | 13:09 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- A mission of the International Monetary Fund (IMF) has started the talks with Serbian officials in Belgrade on Wednesday.
Tuesday 25.02.2014 | 16:35 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Director of the Center for Advanced Economic Studies Kori Udovički has said that the macroeconomic situation in Serbia is "very difficult."
Tuesday 25.02.2014 | 09:49 | Source: Tanjug | Comments: (0) | Send comment
LONDON -- The European Bank for Reconstruction and Development brought together in London on Monday seven prime ministers (PMs) from the Western Balkans, Tanjug said.