Serbian PM foresees 2015 to be year of investments, reforms

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Xinhua, Belgrade :
For Serbia, 2015 will be a year of new investments, but also a year of tough economic reforms, Serbian Prime Minister Aleksandar Vucic said at an annual press conference Saturday.
Summing up the work of the government in the past year, Vucic said that the biggest challenge of Serbia’s leadership was the May’ s floods that inflicted around 1.5 billion euros of damages to both people’s properties and infrastructure.
“The state has so far allocated 4.2 billion Serbian dinars (around 35.2 million euros) for 17,643 families affected by the floods,” Vucic revealed.
He said that the country in the past year enjoyed a “firm, stable and clearly defined strategy of maintaining independence and sovereignty” in order to ensure economic growth.
He said that next year will be a “year of investments”, stressing that Serbia will no longer make loans, but will look for other kinds of financial arrangements, such as concessions, while it will also use the money it earns from the privatization of more than 500 state companies.
He concluded that the next year will be challenging due to tough measures of fiscal consolidation and that one of priorities will be not to allow the unemployment to increase above 20 percent.
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