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Posts Tagged ‘Minister Diana Dragutinovi’

IMF to analyze Serbia’s tax system

Finance Minister Diana Dragutinović says the IMF will send a mission in February 2010 to analyze the situation in the Serbian tax system. “I hope that the visit will give us a clear picture of the type of tax system that Serbia needs. Of course, all that would be done to stimulate economic growth and employment,” Dragutinović told the Blic daily.

“Layoffs in public sector as of February”

Finance Minister Diana Dragutinović said on Monday in Belgrade that as of next February there would be fewer staff in the public sector. “By the end of this year, each ministry should submit a new job systematization plan, which will be harmonized with the maximum number of employees determined for each ministry,” the minister told journalists, Beta news agency reported.

“Russian loan to cover part of deficit”

Finance Minister Diana Dragutinović said that the loan coming from Russia will cover part of Serbia’s budget deficit for next year. All indicators show that next year will be better than 2009, Dragutinović said.

Serbia takes out USD 200mn loan

Finance Minister Diana Dragutinović says the government had signed an agreement with the IBRD on a USD 200mn loan for budget support. The International Bank for Reconstruction and Development (IBRD) is part of the World Bank.

Wages, pensions to be frozen in 2010

Finance Minister Diana Dragutinović said that wages and pensions for employees in the public sector will be frozen once again in 2010. In an interview with daily Večernje Novosti, she said that wages and pensions, which make up about 25 percent of the expenses for income, will be frozen in 2010, as will a portion of subsidies for covering wages of employees in several public companies and other companies that have yet to be privatized.

Serbia, IMF reach agreement

Finance Minister Diana Dragutinović said that the negotiations with the International Monetary Fund (IMF) have been completed successfully. She said that an agreement has been reached for extending the freezing of wages and pensions into 2010, which is expected to bring the largest amount of savings.

Finance minister: Deal with IMF at hand

Finance Minister Diana Dragutinović stated on Tuesday that the Serbian government is close to reaching an agreement with the IMF. The agreement concerns the budget for 2010.

Germany in EUR 120mn aid package to Serbia

German Ambassador Wolfram Maas has signed a EUR 120mn aid agreement with Finance Minister Diana Dragutinović. This aid is destined for small and medium enterprises.

Dragutinović confident of meeting IMF conditions

Finance Minister Diana Dragutinović has assured IMF officials in Istanbul that the target deficit of 4.5 percent GDP will be achieved. She told the director and deputy director of the IMF’s Europe department, Marek Belka and Paul Thomsen, that it would be hard work, but feasible.

“Trade deal application leading to bankruptcy,” DSS warns

The Democratic Party of Serbia (DSS) has warned the government to halt unilateral implementation of the trade agreement with the EU or risk bankruptcy. “I think that Prime Minister Mirko Cvetković and Finance Minister Diana Dragutinović should immediately inform the public how much tax payer’s money has been wasted on the unilateral implementation of the trade agreement with the EU,” DSS official Slobodan Vuksanović told Tanjug.

EBRD approves new EUR 150mn loan

Finance Minister Diana Dragutinović and EBRD Director Thomas Maier signed an agreement on Tuesday for a EUR 150mn loan to build two sections of Corridor 10. The sections in question are from Pirot to Dimitrovgrad and from Crna Reka to Ciplik.

Dragutinović: No alternative to IMF deal

Finance Minister Diana Dragutinović says that the program between the IMF and Serbia has no choice but to continue. She said that it must continue due to the situation on the financial and foreign currency markets.

“Economic activity no longer declining”

Finance Minister Diana Dragutinović says the decline of Serbia’s economic activity has come to an end. However, she warned that the speed of the growth also depends on the recovery of other economies.

Finance minister insists on new taxes

Finance Minister Diana Dragutinović says she has not given up on taxing salaries, which would include measures for the taxation of wages higher than RSD 40,000. She told Belgrade tabloid Press that the proposal for increasing taxes on these wages by 20 percent and by 10 percent on lower wages would be the best solution.

Daily: Finance minister could be sacked

Belgrade daily Blic writes that the government is considering replacing Finance Minister Diana Dragutinović. Blic writes that the minister’s statement regarding new taxes of 20 percent for wages over RSD 40,000 (EUR 435) have ruffled some feathers within the government.

“Financial collapse of state prevented”

Finance Minister Diana Dragutinović said on Friday that her ministry made several important moves over the past year. This prevented the financial collapse of the state, she stated.

FM: Budget deficit bigger than expected

Finance Minister Diana Dragutinović says that GDP will fall from 3.5 to 5 percent by the end of the year. She predicted that GDP would drop between 3.5 and 5 percent by the end of the year, but warned that “it is too early for us to be overly optimistic.”

Serbia, WB sign Corridor 10 loan

Serbia and the World Bank have signed an agreement today for a loan worth USD 388mn for construction work on the Corridor 10 highway. The deal was signed by Finance Minister Diana Dragutinović and the head of the World Bank’s office in Serbia Simon Gray.