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12.05.2006.
In June this year the government will propose a reduction of the rate of contributions on income from 14% to 12% in order to encourage employment and added that employers who hire trainees below 30 years of age will be exempted from paying contributions over the next three years minister said. The main problem in Serbia is not inflation but unemployment, especially of the young, because of which the plan for curbing unemployment must be implemented even at the cost of a slightly higher inflation, Dinkic said and added that employment growth will be stimulated through tax reliefs. According to Dinkic, one of the government's most important goals for the next three years will be the attraction of a greater volume of foreign direct investment, in which process local self-governments will be offered subsidies worth some €2,000 for each new workplace. Dinkic said that he is not worried about the current payment deficit because that problem will be solved if the export growth continues without new external public borrowing. By the end of May a tender for the sale of DDOR Novi Sad insurance company will be announced, and that the tender for privatisation of the Serbian Oil Industry is expected in autumn, minister Dinkic said.
Government plans to maintain high GDP growth rate and boost employment
In June this year the government will propose a reduction of the rate of contributions on income from 14% to 12% in order to encourage employment and added that employers who hire trainees below 30 years of age will be exempted from paying contributions over the next three years minister said. The main problem in Serbia is not inflation but unemployment, especially of the young, because of which the plan for curbing unemployment must be implemented even at the cost of a slightly higher inflation, Dinkic said and added that employment growth will be stimulated through tax reliefs. According to Dinkic, one of the government's most important goals for the next three years will be the attraction of a greater volume of foreign direct investment, in which process local self-governments will be offered subsidies worth some €2,000 for each new workplace. Dinkic said that he is not worried about the current payment deficit because that problem will be solved if the export growth continues without new external public borrowing. By the end of May a tender for the sale of DDOR Novi Sad insurance company will be announced, and that the tender for privatisation of the Serbian Oil Industry is expected in autumn, minister Dinkic said.
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