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April 29, 2003 - Tuesday |
Serbian domestic loans
Minister for Finance and Economy Bozidar Djelic considers that savings accounts worth approximately €1 billion Serbian banks could lead to cautious loan policy. Guarantee Fund will be established in next few weeks and will facilitate to banks to approve the loans.
Some fund has already provided $26 million for the support of exports.
Abolition of the tax to financial transactions has enabled reduction of the interest rates. Interest rates could continue to drop because reduced inflation. Inflation in April has been 0.7%, during the first for months of the year has been 2.3%. By that trend annually inflation could reach 7% or 8%.
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