Serbia’s economic growth depends on stability in its region

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The President of Serbia, Aleksandar Vucic, stated tonight that it is very important that we keep the situation around Kosovo and Metohija stable and peaceful, as well as that the situation in the region does not get out of control.
Only in that way, according to him, can we continue to develop economically and reach a GDP growth rate of seven percent this year.
– That we do not have problems west of the Drina and that our people can live peacefully west of the Drina – said Vucic.
He pointed out that Serbia will continue to progress economically if we manage to preserve it all, regardless of whether and when the EU will open chapters and clusters for us. He mentioned that the EU does not open any of that to others.
Vucic emphasized that, nevertheless, it is more important than having a GDP growth rate between 6.5 and seven percent this year.
He added that if Serbia has a growth rate of seven percent in 2021, it will have a GDP value of more than 51 billion euros this year.
This means that we have managed to increase the value of GDP by 40% since 2014, which is like becoming an EU member.
– We have progressed so fast, and now we are going faster than the EU members – Vucic emphasized.
Speaking about why the EU does not open chapters and clusters, he says that they have even changed the name of Macedonia, but that they have not opened anything to them yet and that we do not have much right to complain.
He added that he only felt sorry for Prime Minister Ana Brnabic and the Ministers in the Government who worked hard to open the chapter.
Vucic said that, however, he would not call it the closing of the door to Serbia by the EU, because the EU has its problems – the public debt of Italy jumped from 157 to 170 percent of GDP, Greece from 180 to 240 percent of GDP, France’s public debt at about 120 percent of GDP.
He added that Croatia’s public debt jumped to 89 percent of GDP, Great Britain’s to over 100 percent of GDP, and that Montenegro had 105.5 percent of GDP.
Vucic recalled that when he became Prime Minister, Serbia’s public debt was 78% of GDP and that former Minister Lazar Krstic came to him at 7 am and that he was just thinking about how to lower the level of public debt.
– Now we are stable and strong, we have excellent public finances and we have reacted excellently with measures. We have large foreign direct investments, and we have 80% coverage of our imports by exports, and we mainly export them to EU countries. We can expect an increase in pensions and salaries, thanks to good management and people who work hard – the president emphasized, Srbija Danas reports.