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19. May 2002 |
Dinkic: Inflation in Serbia at EU level by 2004
National Bank of Yugoslavia Governor, Mladjan Dinkic, said he would “be pleased” when foreign investments into Serbia reach two billion dollars a year, which requires the Serbian government to simplify the procedure of registering companies and issuing construction licenses.
In an interview for today’s “Blic”, Dinkic said that rule of law must also be established, to guarantee security of assets and create independent courts, so the judiciary wouldn’t protect those in debt if they have political protection. “When this is arranged, investments will flourish on their own, not just foreign investments, but domestic ones too”, the National Bank Governor said.
Dinkic said it is will be the mission of the National Bank of Yugoslavia to reduce inflation in Serbia to the level of EU countries by 2004, from the current 20 percent to four percent. According to him, the new arrangement with the International Monetary Fund and convertibility f the Dinar have created the conditions for reducing inflation to ten percent next year.
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