Russian, Serbian presidents talk about investments

Russian and Serbian presidents Vladimir Putin and Tomislav Nikolić said in Moscow that the scope of Russian investments in Serbia was "considerable."

Source: Tanjug

Putin also noted that the Kremlin does not expect a preferential treatment for its investments.

Speaking about Wednesday's investment conference in Moscow, Putin said that Serbia presented a great number of projects worth several billion dollars.

Nikolić said that was the very reason why he wanted to come to the investment conference in Moscow, adding that he is doing everything in his power to connect business partners from Serbia and Russia.

Nikolić also said that Serbia presented “an entire catalogue of projects” at the investment conference.

Putin noted that there is a good scope of Russian investments in Serbia, worth USD 1.2 billion.

"Regardless of our good relations, we do not expect any preferential treatment for our investments," Putin said.

Replying to Nikolić's expression of hope that the realization of the South Stream project would start soon, Putin said that, with that project, the Serbian government would also get EUR 1.9 billion.

Nikolić underlined that the conditions set by the Russian side are more than fair, noting that Serbia will meet all obligations.

"Everything runs smoothly in relations between Serbia and Russia, although there are some problems, mostly on the Serbian side," the Serbian president said, voicing expectation they would be solved.

"Sometimes the problem lies in the lack of skill, sometimes in the people that are not collaborative enough, and sometimes in government officials who are not circumspect enough when making decisions," Nikolić said.

He placed a special emphasis on one of these problems- the issue of Srbijagas debts.

"We will solve issues as friends do," the Russian president said.

Putin and Nikolić both voiced satisfaction about good business results of the Petroleum Industry of Serbia (NIS).

“I rejoice at that business success, as that company became a giant in the Balkans,” Nikolić said.

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