Vucic, Chakrabarti: Initiative for better business climate

BELGRADE - The Serbian government and the European Bank for Reconstruction and Development (EBRD) are launching a joint initiative aimed at improving the investment climate, encouraging the development of the private sector and promoting good governance in Serbia, it was released in statements by the Serbian government and the EBRD on Wednesday.

With a letter of intent signed by Serbian Prime Minister Aleksandar Vucic and EBRD President Suma Chakrabarti, the two parties have confirmed their intention to coordinate their efforts on measures to facilitate the resumption of credit growth, improve corporate governance in private and public companies, support privatization and encourage infrastructure investments.

In all of these areas, the EBRD and the government of Serbia will maintain an active dialogue with the business community, other international financial institutions and donors.

In addition to the EBRD's investments in the country, the Bank and Serbia have a strong business relationship which includes policy dialogue and technical assistance in the areas such as public procurement, judicial capacity-building and the reorganization of the Serbian Deposit Insurance Agency.

This is a landmark moment in our cooperation with the EBRD. Creating the right business environment is critical and we are confident that we will make further progress with the EBRD's support, the prime minister said at the signing ceremony.

We support the reform path taken by the authorities and encourage further implementation of the new laws aimed at improving conditions for businesses in the country. We are convinced that strengthening the investment climate and enhancing governance will increase Serbia's attractiveness among...

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