"It will take Serbia 185 years to catch up with 'Old EU'"

Former Finance Minister Dusan Vujovic says said Serbia would need 185 years to catch up with the 15 "old" EU member states in terms of real purchasing power.

Source: Beta, Tanjug
Vujovic (L) is seen with former Serbian President Boris Tadic (Tanjug, file)
Vujovic (L) is seen with former Serbian President Boris Tadic (Tanjug, file)

Serbia's current Finance Minister Sinisa Mali responded to this on Friday to the country had managed to stabilize its public finances through tough measures, despite 30 years of decline, Tanjug has reported.

The GDP growth rate was over 4 percent last year, with 3.5 percent forecast for this year, Mali said, adding that "the growth rates for the last quarter were around 1.2 percent We are growing faster than the EU is growing. Our obligation now is to find new sources of growth," he said.

Prime Minister Ana Brnabic also weighed in to say that Vujovic's statement was "not serious" and also " irresponsible and unfair to the people he worked with for all those years."

The prime minister added she never said Serbia was doing great - "because we can't do great until the basic order in the state administration and finances has been introduced."

"We are doing it right now and only after that can we count on sustainable growth and normal economy," she said, Beta has reported.

Brnabic added that there were "still many things that we have to do because we don't yet have an economy that is capable of sustainable growth. But it's important that we know it, and are working on it."


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