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News
22.08.2007.
Serbian Minister of Finance Mirko Cvetkovic said that the Ministry is doing everything to ensure that macroeconomic stability is maintained as it would push up inflation. Cvetkovic told news agency Tanjug that the budget in the first seven months of the year recorded RSD 47 billion so the budget and public spending are not inflationary. According to him, base inflation which refers to liberally formed prices is very low and will probably remain so until the end of the year.
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16.07.2007.
Representatives of the Serbian government and the European Investment Bank (EIB) signed today loan agreements for the projects "Reconstruction of Gazela bridge" and "Rehabilitation of roads and bridges" in Serbia, worth €33 million each. The agreements were signed by director of the public road company "Putevi Srbije" Branko Jocic and EIB representative Peter Covelier, and the guarantee for timely payment of the loan on behalf of the Serbian government was signed by Minister of Finance Mirko Cvetkovic.
More
5.07.2007.
Minister of Finance Mirko Cvetkovic said that the government today decided to freeze the salary fund for budget users next year at November 2007 level. The Memorandum on the Budget and Economic and Fiscal Policy for 2008 with projections for 2009 and 2010, that was adopted today, envisions reduction of expenditures for goods and services by 10%, for subsidies 5% and for public investments by 20% compared with this year, according to Cvetkovic.
More
23.06.2007.
Serbian parliament adopted last night the Law on budget for 2007 which envisages RSD 581.8 billion in revenues, RSD 595.5 billion in expenditures and a budgetary deficit of RSD 13.7 billion. The Law will come into force on July 1 and it will terminate the interim financing of budgetary users.
More
29.05.2007.
Serbian Minister of Finance Mirko Cvetkovic said today that the priorities of this Ministry will be the adoption of a balanced budget for 2007, maintenance of macroeconomic stability in the country and creating the concept for the next year’s budget. Cvetkovic said that the budget should be harmonised and handed over to the government for adoption by mid-June so that parliament can enact it by the end of June.
More
27.04.2007.
Coordinator of the Ministry of Finance Milan Parivodic and Russian Assistant Minister of Finance Sergei Storchak signed today the agreement between Russia and Serbia regulating the $288.6 million debt of the former Soviet Union towards former Socialist Federal Republic of Yugoslavia (SFRJ).
More
29.03.2007.
Coordinator of the Serbian Ministry of Finance Milan Parivodic said the government passed today the Decree on interim financing of the Republic of Serbia for January-June 2007 period in order to continue harmonious functioning of the administration. The Parliament did not adopt the 2007 budget bill that was sent to government in November 2006, Parivodic told at press conference. Therefore, the government had to pass the Decree on interim financing for the January-March period, which expires on March 31.
More
6.03.2007.
Serbian Minister of International Economic Relations and coordinator of the Ministry of Finance Milan Parivodic said at the opening of the second annual real estate conference “Real Estate Market in Southeastern Europe – Comparative Advantages in the Region and Trends in the Future” that without a clear organisation of property relations and efficient implementation of proprietary rights, there is no efficient economy. Parivodic stressed that these are crucial elements necessary for Serbia to become a successful European economy.
More
22.02.2007.
Coordinator in the Serbian Ministry of Finance Milan Parivodic said today that the government at its session today adopted a Decree amending the Decree on interim financing of the Republic of Serbia for the period January-March 2007, according to which funds set aside for projects within the National Investment Plan will be increased from RSD 15.46 billion to RSD 19.55 billion.
More
23.12.2006.
Minister of International Economic Relations and coordinator at the Ministry of Finance Milan Parivodic said that signing of the contract on repairing five MIG-29s is the first investment into the air force sector in 20 years. Parivodic stressed that between $24 and $25 million has been set aside from the National Investment Plan for the repairs, adding that once this is done, eight helicopters will be also repaired as well as one freight plane.
More
1.12.2006.
Serbian Minister of International Economic Relations Milan Parivodic and Greek Deputy Foreign Affairs Minister Evripidis Stylianidis announced today in Athens that Greece has approved funds for continuation of the Hellenic Plan for the Reconstruction of the Balkans, with Serbia getting €100 million for completion of Corridor 10 from Leskovac to the Macedonian border. The financial support will be set aside from the Hellenic Plan, based on an agreement signed between two countries in 2001.
More
30.11.2006.
Serbian Minister of International Economic Relations and coordinator of the Ministry of Finance Milan Parivodic stated today that a total of RSD 601.3 billion in budgetary funds are envisaged for 2007. Speaking at a press conference held after the government session, Parivodic specified that the envisaged budgetary funds for the next year are RSD 551.6 billion, while RSD 49.7 billion are planned for the National Investment Plan.
More
17.11.2006.
Serbian Minister of International Economic Relations and coordinator in the Serbian Ministry of Finance Milan Parivodic said today that preparation of the law on denationalisation and the law on decentralisation of state-owned property will be finished in a month and a half at the latest.
More
7.11.2006.
Serbian Minister of Finance Mladjan Dinkic announced today that the government will prepare a programme of crediting small enterprises and craft shops to increase employment rate in Serbia.
More
6.11.2006.
Serbian Minister of Finance Mladjan Dinkic attended today in Zrenjanin the signing of an agreement between the Serbian Investment and Export Promotion Agency (SIEPA) and Italian companies Pompea and Fulgar on the approval of non-repayable funds from the National Investment Plan for encouraging investments.
More
Budget and public spending not inflationary
Serbian Minister of Finance Mirko Cvetkovic said that the Ministry is doing everything to ensure that macroeconomic stability is maintained as it would push up inflation. Cvetkovic told news agency Tanjug that the budget in the first seven months of the year recorded RSD 47 billion so the budget and public spending are not inflationary. According to him, base inflation which refers to liberally formed prices is very low and will probably remain so until the end of the year.
More
16.07.2007.
EIB approves €66 million loan for reconstruction of Gazela and 100 bridges in Serbia
Representatives of the Serbian government and the European Investment Bank (EIB) signed today loan agreements for the projects "Reconstruction of Gazela bridge" and "Rehabilitation of roads and bridges" in Serbia, worth €33 million each. The agreements were signed by director of the public road company "Putevi Srbije" Branko Jocic and EIB representative Peter Covelier, and the guarantee for timely payment of the loan on behalf of the Serbian government was signed by Minister of Finance Mirko Cvetkovic.
More
5.07.2007.
Memorandum on the Budget for 2008 adopted
Minister of Finance Mirko Cvetkovic said that the government today decided to freeze the salary fund for budget users next year at November 2007 level. The Memorandum on the Budget and Economic and Fiscal Policy for 2008 with projections for 2009 and 2010, that was adopted today, envisions reduction of expenditures for goods and services by 10%, for subsidies 5% and for public investments by 20% compared with this year, according to Cvetkovic.
More
23.06.2007.
Serbian parliament adopts Law on budget for 2007
Serbian parliament adopted last night the Law on budget for 2007 which envisages RSD 581.8 billion in revenues, RSD 595.5 billion in expenditures and a budgetary deficit of RSD 13.7 billion. The Law will come into force on July 1 and it will terminate the interim financing of budgetary users.
More
29.05.2007.
Balanced budget, macroeconomic stability as priorities for Ministry of Finance
Serbian Minister of Finance Mirko Cvetkovic said today that the priorities of this Ministry will be the adoption of a balanced budget for 2007, maintenance of macroeconomic stability in the country and creating the concept for the next year’s budget. Cvetkovic said that the budget should be harmonised and handed over to the government for adoption by mid-June so that parliament can enact it by the end of June.
More
27.04.2007.
Serbia, Russia sign agreement on regulating clearing debt
Coordinator of the Ministry of Finance Milan Parivodic and Russian Assistant Minister of Finance Sergei Storchak signed today the agreement between Russia and Serbia regulating the $288.6 million debt of the former Soviet Union towards former Socialist Federal Republic of Yugoslavia (SFRJ).
More
29.03.2007.
Government passes Decree on interim financing to secure continuity in financing
Coordinator of the Serbian Ministry of Finance Milan Parivodic said the government passed today the Decree on interim financing of the Republic of Serbia for January-June 2007 period in order to continue harmonious functioning of the administration. The Parliament did not adopt the 2007 budget bill that was sent to government in November 2006, Parivodic told at press conference. Therefore, the government had to pass the Decree on interim financing for the January-March period, which expires on March 31.
More
6.03.2007.
Regulation of property relations leads to efficient economy
Serbian Minister of International Economic Relations and coordinator of the Ministry of Finance Milan Parivodic said at the opening of the second annual real estate conference “Real Estate Market in Southeastern Europe – Comparative Advantages in the Region and Trends in the Future” that without a clear organisation of property relations and efficient implementation of proprietary rights, there is no efficient economy. Parivodic stressed that these are crucial elements necessary for Serbia to become a successful European economy.
More
22.02.2007.
More funds for projects within National Investment Plan
Coordinator in the Serbian Ministry of Finance Milan Parivodic said today that the government at its session today adopted a Decree amending the Decree on interim financing of the Republic of Serbia for the period January-March 2007, according to which funds set aside for projects within the National Investment Plan will be increased from RSD 15.46 billion to RSD 19.55 billion.
More
23.12.2006.
Five MIG-29s to be repaired within National Investment Plan
Minister of International Economic Relations and coordinator at the Ministry of Finance Milan Parivodic said that signing of the contract on repairing five MIG-29s is the first investment into the air force sector in 20 years. Parivodic stressed that between $24 and $25 million has been set aside from the National Investment Plan for the repairs, adding that once this is done, eight helicopters will be also repaired as well as one freight plane.
More
1.12.2006.
Serbia gets €100 mln from Hellenic Plan to complete Corridor 10
Serbian Minister of International Economic Relations Milan Parivodic and Greek Deputy Foreign Affairs Minister Evripidis Stylianidis announced today in Athens that Greece has approved funds for continuation of the Hellenic Plan for the Reconstruction of the Balkans, with Serbia getting €100 million for completion of Corridor 10 from Leskovac to the Macedonian border. The financial support will be set aside from the Hellenic Plan, based on an agreement signed between two countries in 2001.
More
30.11.2006.
Total 2007 budgetary funds 601.3 billion dinars
Serbian Minister of International Economic Relations and coordinator of the Ministry of Finance Milan Parivodic stated today that a total of RSD 601.3 billion in budgetary funds are envisaged for 2007. Speaking at a press conference held after the government session, Parivodic specified that the envisaged budgetary funds for the next year are RSD 551.6 billion, while RSD 49.7 billion are planned for the National Investment Plan.
More
17.11.2006.
Law on denationalisation in preparation
Serbian Minister of International Economic Relations and coordinator in the Serbian Ministry of Finance Milan Parivodic said today that preparation of the law on denationalisation and the law on decentralisation of state-owned property will be finished in a month and a half at the latest.
More
7.11.2006.
Dinkic announces programme of crediting small enterprises
Serbian Minister of Finance Mladjan Dinkic announced today that the government will prepare a programme of crediting small enterprises and craft shops to increase employment rate in Serbia.
More
6.11.2006.
Grants to be approved to Italian companies Pompea and Fulgar
Serbian Minister of Finance Mladjan Dinkic attended today in Zrenjanin the signing of an agreement between the Serbian Investment and Export Promotion Agency (SIEPA) and Italian companies Pompea and Fulgar on the approval of non-repayable funds from the National Investment Plan for encouraging investments.
More
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