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7. May 2002 |
Industrial production drops due to May Day holidays, Serbian finance minister
BELGRADE - Extended non-working holidays of May Day and Easter will result in a drop of industrial production in May this year by 5 to 6 pct and a profit loss of hundreds of millions of dinars, Serbian Finance Minister Bozidar Djelic said Monday.
Djelic said at a press conference that, according to the first calculations of the Institute of Economy in Belgrade, a drop of industrial production in May will be the result of the extended period of non-working holidays, although the government had opposed connecting May Day and Easter.
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