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10. February 2003 - Monday |
Business climate in Serbia deteriorates - IZIT
BELGRADE - A deterioration of the business climate in Serbia in late 2002 and early 2003 is a reflection of political instability and delays in the adoption of the Serbian-Montenegrin Constitutional Charter, the Market Research Institute (IZIT) said on Monday.
IZIT Director Jovan Todorovic said that the business climate deterioration had resulted in a significant reduction of the number of domestic industrial and export orders, leading to a reduction of the total number of orders in the industry as well as an increase of stocks of finished goods.
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