Serbian Minister of Finance, Sinisa Mali said today that negotiations are underway for Serbia to become a member of Euroclear Bank.
Mali expects that that will have happened by the year-end.
“We are negotiating currently and I think we will be admitted to Euroclear in the next couple of weeks, i.e. by the end of the year, which will further increase the demand for our securities”, Mali told reporters.
Earlier today, he also met with the Director of the Central Securities Registry and assessed that the process was going according to plan.
Euroclear is a Belgian financial services company specializing in the settlement of securities transactions, as well as the safekeeping and servicing of these securities.
Mali said today according to a “flash” estimate the growth of our economy for the third quarter of this year is 4.7 per cent, which, he says, means that the economic growth for 2019 will be up to 3.8 per cent.
“According to the flash estimate, the growth rate of our economy is 4.7 per cent for the third quarter of this year. We will come out today or tomorrow with economic growth projections for this year and it will no longer be 3.5 per cent as planned, but 3.6 or 3.7, and maybe as much as 3.8 per cent”, Mali said at a news conference.
“Also, the growth of foreign investments has never been never higher, that is, 42 per cent more foreign investments were made in the seven months of this year than in the same period last year”, Mali said. He also stated that the unemployment rate in our country has been falling month-on-month and that in December, the average wage would amount to over 500 euro.
Minister of Finance announced that he would present the budget for 2020 to MPs starting from November 20, adding that he would also present all the details about new investments, motorways, wages and pension increases and other economy-related developments.
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