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Reforms reflected in Serbia’s GDP growth: World Bank - Serbia Business

Reforms reflected in Serbia’s GDP growth: World Bank

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Serbia is firmly following the path of reform and is committed to the implementation of agreed measures of the government’s economic policy, said World Bank Regional Director for South East Europe Ellen Goldstein on Tuesday.

She made the statement during a meeting with Serbian President Aleksandar Vucic, adding that this positively influenced the most recent projection of the country’s gross domestic product (GDP) growth.

In January, the World Bank predicted a 2.8-percent growth for Serbia in 2017, but increased it to 3.0 percent on Monday.

Vucic thanked Goldstein, who is leaving her mandate, “for her personal contribution in achieving the results of the reforms implemented in Serbia, as well as continued support over the past three years,” and expressed his belief that Serbia would continue to develop a stable business climate for attracting foreign investment.

In a statement released from the president’s office, it said that Vucic and Goldstein agreed to continue Serbia’s cooperation with the World Bank as well as continuing the support of reforms in Serbia with special emphasis on restructuring public enterprises, large systems such as the Electric Power Industry of Serbia (EPS) and Srbijagas, the state-owned natural gas provider.