Subject: Raiffeisen bank, Banca Intesa, Eurobank EFG Štedionica

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Subject: Raiffeisen bank, Banca Intesa, Eurobank EFG Štedionica
DAILY NEWS, October 4th
Reform of the inspection disencumbrance of the economy
Roundtable on the inspection system reform in Serbia, held in Belgrade last week, showed
the complexity of the shadow economy in Serbia. At the meeting spoke Serbian Deputy
Prime Minister Verica Kalanović, USAID Mission Director Susan Fritz, and other government
officials and business representatives. Two key themes of the Meeting were: what are the
businessmen dissatisfied with when it comes to inspections, and what to do in reforming the
sector. The biggest criticism of businessmen refer to frequent changes in regulations, vague
definitions of regulations, selective control (companies that operate legally are controlled,
but not those in the gray zone), and the concept of inspections which focus on punishment
and not on prevention.
Payment difficulties
On 30 September the list of companies that have suspended all payments for a continuous
period of two years contained 429 firms, which is 68 more than at the end of August,
announced the National Bank of Serbia. The National Bank has an obligation to submit data
each month on enterprises whose accounts have been blocked for over two years to
commercial courts, so that bankruptcy procedures can be initiated.
The state gives economy back 4.5 billion dinars
The Serbian government will in the next ten days adopt a regulation to restrict the payment
terms to 60 days, said Dusan Nikezic, State Secretary in the Ministry of Finance. By doing this
the republic organs will return the debt of about 4.5 billion dinars to the economy. Nikezic
says that this reaction of the state has nothing to do with the threats of the Union of
Employers to boycott the payment of VAT. Professor Jurij Bajec, advisor to Prime Minister
Cvetkovic, believes that the adoption of this regulation will be only the first step in solving
the problem of illiquidity. He said that after the implementation of this regulation, the same
period of 60 days will have to be applied to public enterprises and the private sector.
Rich countries to help poor ones fight famine
This year's priorities of the group of the most developed member countries of G20 are fight
against famine and construction of infrastructure in the regional countries, French
Ambassador to Serbia Francois Deniau stated on Tuesday in his opening address on the
second day of the 11th Economic Summit of the Republic of Serbia. He called for a greater
impact of the International Labor Organization on employment and labor market, adding
that the priority of his country is the strengthening of the role of the International Monetary
KLIPING d.o.o.
Preduzeće za monitoring i analizu medija, Braće Radovanovića 12, 11 118 Beograd, Srbija,
matični broj: 20328045, PIB: 105241994, tekući račun: SGYB 275-0000220812778-25.
E: [email protected], S: www.kliping.rs
DAILY NEWS, October 4th
Fund in the world. The featured speakers of the second day of the summit include Serbian
Minister of Economy and Regional Development Nebojsa Ciric, National Bank of Serbia
Governor Dejan Soskic and other domestic and foreign officials. The 11th Economic Summit
of the Republic of Serbia dubbed 'Serbia-European Union: Prospects & Challenges - The
impact of the Global Crisis on the Serbian Economy' was opened in Belgrade on Monday. The
summit is an annual conference dedicated to political, economic and business development
of Serbia and its role in the region.
EU is Serbia's best option, despite crisis
The European Union (EU) is in crisis, but still represents the best option for Serbia,
participants of the international Economic Summit that is being held in Belgrade said
Monday. Former Serbian ambassador to the U.S. Ivan Vujacic said he was confident that the
EU would overcome the crisis it was currently facing and that the Union was still the best
option for Serbia. U.S. Ambassador to Serbia Mary Warlick said that Serbia should get
integrated in the European and global institutional frameworks, adding that the U.S.
supported Belgrade's efforts toward the EU accession. She said that Serbia should be proud
of its achievements in 2011 and congratulated Belgrade on the successful completion of its
cooperation with The Hague Tribunal and the implementation of the Action Plan. Konrad
Adenauer Foundation Regional Director Henri Bohnet said that Serbia needed an open debate
on the EU and the advantages of joining the Union over the cooperation with Russia and
China.
KLIPING d.o.o.
Preduzeće za monitoring i analizu medija, Braće Radovanovića 12, 11 118 Beograd, Srbija,
matični broj: 20328045, PIB: 105241994, tekući račun: SGYB 275-0000220812778-25.
E: [email protected], S: www.kliping.rs

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