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Economy of Serbia remains stable, Minister responds to criticisms

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Serbia’s economy remains robust, presenting ample opportunities for youth, and attracting significant domestic and foreign investments. It is crucial to persist on this economic trajectory to achieve an average salary of €1,400 and an average pension of €600, stated Minister of Trade Tomislav Momirović.

Momirović’s comments come in response to critiques from Professor Dejan Å oÅ¡kić, a former Governor of the National Bank of Serbia and faculty member at the Faculty of Economics, regarding the “Jadar” project. Momirović criticized Å oÅ¡kić for his role in Serbia’s economic downturn between 2008 and 2012, which included a severe devaluation of the dinar. He accused Å oÅ¡kić of now proposing the establishment of new state enterprises, suggesting that these would be managed in a manner similar to his tenure at the National Bank, which left economic ruin behind while ensuring that salaries and privileges remained intact.

The statement also noted that during Šoškić’s term, domestic banks were either privatized or failed, the minimum wage was just €120, and Serbia’s economy was among the weakest in Europe. Momirović urged the public not to overlook the detrimental effects of Šoškić’s policies, despite his prestigious status and academic achievements. He stressed that forgetting the past risks repeating its mistakes.

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