News
8.12.2005.

Funds for local self-governments total 15.4 billion dinars


Serbian Minister of Finance Mladjan Dinkic said today that funds from the 2006 budget of Serbia that are directed to the budget of municipalities, cities and the city of Belgrade total 15.4 billion dinars. Speaking on the Bill on the distribution of transfer funds in the Serbian parliament, he said that funds for Belgrade and the rest of the cities will be increased by four percent, and for the rest of the municipalities by 20 percent in comparison with this year, he added that municipalities, cities and the city of Belgrade will participate in the 40 percent tax on profits realised on their respective territories.
More icoMore Separator 28.11.2005.

Budget for 2006 adopted


Members of the Serbian parliament adopted at today’s session the budget for 2006. The budget was adopted with 130 members voting in favour of it, which was also the total number of members present at the session. According to the budget proposal, planned state revenues will stand at 487.9 billion dinars; expenditure will be 448.4 billion, and the surplus 39.6 billion dinars.
Separator 25.11.2005.

Agreements on crediting exporters signed


The Agency for Export Insurance and Financing today with representatives of six companies signed agreements on short-term loans with a total value of around €1.6 million, which the Serbian government will use to assist exporters.
More icoMore Separator 19.11.2005.

Serbia to receive $2 billion of foreign investment in 2005


The Serbian government operates successfully and the World Bank marked the country as the leading reformer in the period between September 2004 and September 2005, Serbian Minister of Finance Mladjan Dinkic said today. The public debt has been three times reduced since 2000. By the end of 2005 Serbia will receive $2 billion of foreign investment and all multinational companies have been moving their regional centres to Belgrade, Dinkic said in today’s issue of daily newspaper “Glas Srpske” interview.
More icoMore Separator 17.11.2005.

Government starts applying strict antimonopoly measures


At the proposal of the Ministry of Finance, the Serbian government has agreed to import 15,000 tonnes of sunflower cooking oil without customs duties, and thus begin to apply radical antimonopoly measures to bring order into the cooking oil market and prevent further hikes in the price of this product, Serbian Minister of Finance Mladjan Dinkic said today. Because of the upcoming talks with the World Trade Organisation and EU, the customs duties will not be permanently abolished, rather they will only be on hold for a period of two months. “Once we see what the effects of such measures are, we will have some grounds to help us decide which actions we should take to protect consumers”, Dinkic said at the press conference.
More icoMore Separator 16.11.2005.

Serbian exporters can apply for favourable loans


Agency for Export Insurance and Financing has begun receiving applications from Serbian exporters interested in soft short-term loans worth between €30,000 and €450,000, Director of the Agency Milenko Bogosavljevic announced today. Annual interest on these loans, with repayment period between three and six months, ranges from three to five percent, Bogosavljevic stressed.
More icoMore Separator 15.11.2005.

Financial committee supports budget for the upcoming year


The Serbian parliament’s financial committee unanimously supported the bill on the Republic’s budget for 2006, with projections for 2007 and 2008. Serbian Minister of Finance Mladjan Dinkic said in his introductory speech that it is the first time, after a number of years, that the issue is projections of the budget that any minister should be satisfied with, because on one hand public expenditure has been reduced significantly, and on the other hand, allocations for capital investments have been increased.
More icoMore Separator 11.11.2005.

Serbian companies to increase investment in Republika Srpska


Serbian Minister of Finance Mladjan Dinkic said today in Banja Luka that he talked with Prime Minister of Republika Srpska Pero Bukejlovic about the improvement of economic cooperation between the two countries and announced that Serbian companies will increase their investments in Republika Srpska.
More icoMore Separator 4.11.2005.

Serbia to experience increase in Japanese investment in 2006


Serbian Minister of Finance Mladjan Dinkic said today, completing a five-day visit to Japan, that the first bigger Japanese investments in Serbia can be expected next year. Dinkic said that with this trip, Serbia has furthered business relations with Japan, the world’s number two economic power. Following the successful conclusion of the three-year financial arrangement with the International Monetary Fund (IMF), it is expected that Japanese investors will start investing in the Serbian economy, which will contribute to the increase of foreign investment and creation of new jobs.
More icoMore Separator 2.11.2005.

Serbian factories in running to produce parts for Toyota cars


Serbian Minister of Finance Mladjan Dinkic said today that Japan’s auto manufacturer Toyota, the world’s second largest, is considering the possibility of producing parts for its cars in Serbia, which would be then used by Toyota factories in Russia and the Czech Republic. In a statement to the press following his meeting with Toyota representatives, Dinkic said Toyota will need approximately 5,000 suppliers, and the Sombor-based accumulator factory, Krusevac-based Trayal and Tigar from Pirot stand the best chances of becoming a part of Toyota’s supply chain.
More icoMore Separator 1.11.2005.

Japan to support revision of Serbia-Montenegro’s status in OECD


Serbian Minister of Finance Mladjan Dinkic said that Japanese Minister of Finance Sadakazu Tanigaki gave a promise that official Tokyo will support the revision of Serbia-Montenegro’s status in the Organisation for Economic Cooperation and Development (OECD). Dinkic added that Tanigaki also promised to ask the Japanese Bank for International Cooperation and the Japanese External Trade Organisation to endorse investments by Japanese companies into Serbia.
More icoMore Separator 1.11.2005.

Serbia-Montenegro wants Japan as strategic economic partner


Serbian Minister of Finance Mladjan Dinkic said today in Tokyo that Serbia-Montenegro can expect new loans upon repayment of remaining debts and highlighted that the greatest obstacle for Japanese investors is a lack of information on the Serbian economy.
More icoMore Separator 28.10.2005.

Government adopts Bill on 2006 budget


Serbian Minister of Finance Mladjan Dinkic said that late today the government adopted the Bill on the budget of the Republic of Serbia for 2006. Speaking at a press conference held after the government session, Dinkic said that the planned budget revenues for 2006 are 487.9 billion dinars and expenditures 448.3 billion dinars, which means that Serbia will have budget surplus for the second year in a row, amounting to 39.6 billion dinars in 2006.
More icoMore Separator 25.10.2005.

Dinkic participates in regional financial conference in Cavtat


Serbian Minister of Finance Mladjan Dinkic is participating in the fifth regional finance and investment conference for South Eastern Europe being held in Cavtat, Croatia, which was organised by one of Europe’s most prestigious business and finance magazines, “Euromoney”.
More icoMore Separator 19.10.2005.

Successful talks with IMF expected


Serbian Minister of Finance Mladjan Dinkic said today that Serbia is readily awaiting tomorrow’s arrival of the International Monetary Fund’s (IMF) mission. He expressed hope that by the end of the year the three-year arrangement with the IMF will be completed, which means that Serbia’s $700 million debt to the Paris Club of Creditors will be written off.
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