One of the significant conclusions of the EBRD conference in London is that the Western Balkans needs regional stability to be able to achieve better economic results as a whole, and that is what Serbia insists on, Vladimir Krulj, economic adviser to the Serbian government, said Friday.
“Quality and quantity-wise, it has been proven that your neighbour’s development also has direct economic consequences for you. Through the role of the leading player in terms of regional stability, Serbia is attracting good investment-type vibrations,” Krulj told Tanjug on the fringes of the EBRD annual conference.
Commenting on the bank’s estimate that Serbia’s 2017 GDP growth could reach 3.8 pct in case of a planned output growth at the Smederevo steel mill, Krulj said that other factors can also bring better prospects.
It is good that investments in infrastructure grew in the first months of this year, being one of the most significant elements of growth, he said.
Krulj, who is also a professor at the University of Leuven, Belgium, noted the significance of small and medium enterprises for the economy.
“SMEs are believed to be generating the most jobs, while also stimulating real growth,” he said.
Source; SerbGov
