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20. February 2003 - Thursday |
Two currencies in Serbia-Montenegro hamper foreign investors - bank
BELGRADE - Head of the executive committee of the Raiffeisenbank (RFZ) central office in Austria Herbert Stepic said on Thursday that two parallel currencies in the state union of Serbia and Montenegro, lack of a foreign investment insurance institution and unresolved relations with the London Club of creditors resulted in to a slow inflow of foreign investments in the country.
The 28-percent unemployment rate in Serbia and Montenegro is presently the least
favorable in South-East Europe, which has a bad influence on the interest of foreign investors, and the failure of the Serbian and Montenegrin presidential elections was not received
favorably, Stepic told a news conference.
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