PM calls for change in economic structure

Prime Minister Mirko Cvetkovic said that a change in the Serbian economic structure must be made in order to see serious economic progress. “The projected growth of the GDP of two percent this year shows that the economy is recovering, but the prerequisite for faster economic growth is a change in the economic structure,” Cvetkovic said at a conference in Belgrade this Monday, organized by the National Council for Competitiveness. PM calls for change in economic structure Cvetkovic also said that there was an excessively high level of participation of services in Serbia’s GDP. Telecommunications, the financial sector, and retail make up 80 percent of the GDP’s growth in between 2003 and 2008. “It is necessary to decrease the participation of imports and increase the participation of exports in the GDP,” Cvetkovic told the gathering. He also said that the low level of competitiveness is the result of inefficient anti-monopoly policy, legal insecurity, reflected in unsatisfactory realization of agreements and rulings of the courts, and the physical and innovation infrastructure that is insufficiently developed. Cvetkovic stated that the measures remove administrative hindrances in doing business and secure the implementation of the Law on Protection of Competition, the Law on Electronic Signature and the Law on Planning and Construction. He pointed out that according to the latest report on the global competitiveness of the World Economic Forum, Serbia is 93rd on the list of 133 countries and added that in comparison with other countries in the region, Serbia's position is also unsatisfactory. PM Mirko Cvetkovic (Beta)

PM calls for change in economic structure

Cvetković also said that there was an excessively high level of participation of services in Serbia’s GDP.

Telecommunications, the financial sector, and retail make up 80 percent of the GDP’s growth in between 2003 and 2008.

“It is necessary to decrease the participation of imports and increase the participation of exports in the GDP,” Cvetković told the gathering.

He also said that the low level of competitiveness is the result of inefficient anti-monopoly policy, legal insecurity, reflected in unsatisfactory realization of agreements and rulings of the courts, and the physical and innovation infrastructure that is insufficiently developed.

Cvetković stated that the measures remove administrative hindrances in doing business and secure the implementation of the Law on Protection of Competition, the Law on Electronic Signature and the Law on Planning and Construction.

He pointed out that according to the latest report on the global competitiveness of the World Economic Forum, Serbia is 93rd on the list of 133 countries and added that in comparison with other countries in the region, Serbia's position is also unsatisfactory.