Knezevic: Reducing unemployment to 11%

Serbian Economy Minister Goran Knezevic said yesterday that the high unemployment rate was the “thorn in Serbia’s side”, and that the plan was to lower it to 11 percent in the forthcoming period.

“We have reduced unemployment from 26 to 15.2 percent and had a surplus in the budget in the amount of EUR 300 million. Serbia is on a good path and both the International Monetary Fund and the World Bank have confirmed this,” Knezevic told reporters during the Assembly of the Union of Employers, to discuss dignified treatment of workforce and sustainable development.

He added that the Serbian government would work on improving the business environment.

The minister also pointed out that good results had been accomplished in the restructuring of public enterprises, since 140 companies have been under state protection, whereas only one state-owned company – Resavica – received subsidies from the state budget.

According to Knezevic, task forces have been formed and the deadlines set for every struggling public enterprise, with the end goal of making them financially self-sufficient instead of relying on the funds from the state budget.

(Beta, 02.11.2016)

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