United Arab Emirates

Minister praises "favorable loan"; opposition unconvinced

ABU DHABI, BELGRADE -- The USD 1 billion loan that the United Arab Emirates (UAE) granted to Serbia is very favorable, Serbian Minister of Finance Lazar Krstić has said.

It is also a sign of trust in the Serbian economy, according to him.

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said Friday that it is vital for the one-billion-dollar loan from the United Arab Emirates (UAE) to be channeled into areas where it can be controlled and used most effectively.

ABU DHABI - The USD 1 billion loan that the United Arab Emirates (UAE) granted to Serbia is very favorable, but it is also a sign of trust in the Serbian economy, Serbian Minister of Finance Lazar Krstic has said.

BELGRADE - Serbia should use the USD 1 billion loan granted by the United Arab Emirates (UAE) to pay back expensive loans and launch reforms, economist Sasa Djogovic of the Belgrade Institute for Market Research (IZIT) stated on Thursday.

We received a loan from UAE on more favourable terms than currently available on the market, Djogovic told a news conference.

BELGRADE/ABU DHABI - Chairman of the Abu Dhabi Department of Finance Hamad Al Hurr Al Suwaidi and Serbian Finance Minister Lazar Krstic signed in Abu Dhabi on Thursday an agreement on the USD 1 billion loan from the United Arab Emirates to the Serbian budget.

Krstic said that the loan agreement reflects a considerable strengthening of the two countries' ties.

ABU DHABI - Serbian First Deputy Prime Minister Aleksandar Vucic conferred in Abu Dhabi with Crown Prince Sheikh Mohamed bin Zayed Al Nahyan on Monday.

The talks covered all joint projects in the United Arab Emirates (UAE), project 'City on Water' and loans which Serbia will get from UAE on lowest interest rates.