The Minister of Finance of the Government of the Republic of Serbia, Sinisa Mali, today in the Parliament of Serbia, explaining the Bill on Amendments to the Law on the Capital Market, said that it will enable to increase the base and structure of potential investors who will invest in domestic securities, which is another activity of the Ministry of Finance aimed at developing the capital market.
He explained that the proposed amendments bring the provisions of the Capital Market Act into line with the Law on Public Debt.
“Foreign investors and funds will be able to invest in domestic securities and the Serbian capital market in a fast and efficient manner”, Mali said.
Mali emphasized that by increasing the availability and attractiveness of domestic securities to foreign investors, we reduce financing costs and ensure better diversification of investors investing in domestic securities.
“In this way, the capital market is improved and developed. Last year, we had two very successful Eurobond issues at historically lowest interest rates. At the last issue of bonds in November, we issued 550 million euros of bonds with a yield of 1.25 percent, and previously in June we issued a bond of 1 billion euros, for a period of ten years, with a yield rate of 1.619 percent and six times the demand”, said Mali.
He also said that the issue of Eurobonds denominated in euro for a term of 20 years will be issued tomorrow, which is the first time, since so far the bonds issued have been denominated in euros for a maximum of 15 years, but mostly for less. Mali also added that Serbian bonds were included in the list for potential inclusion in JP Morgan’s index of sovereign bonds of developing countries.
The bill on the Census of Population, Households and Dwellings in 2021 is also before the deputies.
“Reliable data will be provided on vital, ethnic, economic, educational, migration and other characteristics of the population, which are necessary for obtaining a precise picture of the current situation, as well as for projections of future trends, and in particular for a realistic view of the extent and consequences of population displacement”, the minister said.
He explained that the 2021 Census is specific in that it should be the last census in the Republic of Serbia conducted in the traditional way, that is, by direct individual census of all units.
Also on the agenda of the Assembly is the Bill on Ratification of the Loan Agreement between the Republic of Serbia and the International Bank for Reconstruction and Development, which aims to increase productivity and strengthen the market links of small and medium-sized agricultural food producers.
The Bill on Ratification of the Loan Agreement between the Republic of Serbia and the International Bank for Reconstruction and Development, for the Improvement of Land Administration, and the Bill on Ratification of the Loan Agreement between the Republic of Serbia and T.C. ZIRAAT BANKASI A.S. and DENIZBANK A.S., on cooperation in the field of infrastructure projects will be discussed.
Members of Parliament are in favor of the Bill on Ratification of the Guarantee Agreement between the Republic of Serbia and the European Bank for Reconstruction and Development (Procurement of rolling stock for Serbia train), as well as the Bill on Ratification of the Framework Loan Agreement LD 2009 (2019) between the Council of Europe Development Bank and the Republic of Serbia for a project loan for the construction of a new university children’s clinic, Tirsova 2 in Belgrade, Alo writes.
