Minister Cvetkovic for Bankar Magazine - Ceiling For Public Sector Wages, July 3 2007

Our analyses do not indicate that the NBS monetary policy restrictiveness should increase. On the contrary, it will not be necessary, particularly because we plan to introduce quotas for budget funds’ usage. – A law on state aid is underway, which will basically stipulate that the state’s support should not favor anyone or cause market distortions. – Privatization of public enterprises must serve the purpose of boosting competitiveness of the respective industry branches, because privatization of the monopolies could be the biggest tragedy that could happen to us, as the only thing worse than a state monopoly is a private one. – According to the early indications, there is enough room to align with the neighboring countries’ practices in the field of capital gain tax rate and procedure.

Minister Cvetkovic for Bankar Magazine - Ceiling For Public Sector Wages, July 3 2007