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Serbia Today, 96-12-03
CONTENTS
[01] AU BANK READY TO FINANCE RECONSTRUCTION
[02] FOR THE REPUBLIC OF SRPSKA MUCH LESS MONEY
[03] PLAVSIC HAS POSITIVE VIEWS OF THE INVITATION TO LONDON
[04] CZECH ECONOMY AT THE BELGRADE FAIR
[05] ACHIEVEMENT OF THE LARGEST YUGOSLAV PRODUCER OF FERTILIZERS
[06] PRESENTATION OF THE YUGOSLAV ECONOMY IN GREECE
[07] MEASURES FOR REALIZATION OF THE ECONOMIC POLICY IN 1997
[01] AU BANK READY TO FINANCE RECONSTRUCTION
The Anglo-Yugoslav Bank (AU) is ready to finance new industrial production
in Yugoslavia. This was stated yesterday at the meeting of the Board of
Directors of this bank in London. "The basic task of the bank, the only British
financial institution with the majority of the Yugoslav capital, further to
securing liquidity, is the short-term financing of the Yugoslav economy and
commodities for the industrial production, most of all for the export-oriented
one", stated for TANJUG news agency the President of the Board of Directors
Borka Vucic. To this end, work will be done on the establishment of the credit
lines with the leading European banks and banks in Great Britain. The plan of
operation of the Anglo-Yugoslav Bank has obtained full support of the Bank of
England, the Central Bank of the United Kingdom.
Serbia Today, 1996-12-03 ; Tanjug, 1996-12-03
[02] FOR THE REPUBLIC OF SRPSKA MUCH LESS MONEY
According to the data of the World Bank and the European Commission, in
Bosnia-Herzegovina is now under way the realization of the agreement on the
reconstruction of objects, in the value of 880 million US dollars. This is
stated in the latest report of the office of the Special Envoy of the High
Commissariat for Refugees (UNHCR) for former Yugoslavia. From this amount, 558
million US dollars is scheduled for urgent reconstruction. The World Bank and
the European Commission are concerned because in comparison with the
Muslim-Croat Federation, much less funds are allocated for the Republic of
Srpska, states the report. Therefore, it is concluded, it is to be borne in mind
that substantial funds will be necessary in order for the Republic of Srpska to
reach the dynamics of reconstruction of the Federation.
Serbia Today, 1996-12-03 ; Politika ekspres, 1996-12-03
[03] PLAVSIC HAS POSITIVE VIEWS OF THE INVITATION TO LONDON
President of the Republic of Srpska Biljana Plavsic stated that she is
pleased with the fact that the organizer of the Conference on Bosnia-Herzegovina
in London - Great Britain, is treating equally the Republic of Srpska and the
Muslim-Croat Federation. In the talks with the press in Banja Luka prior to her
departure for London, she stated that the invitation to the representatives of
the entities took place because of the fact that from the leadership of the
Republic of Srpska and of the Federation greatly depends further implementation
of the Dayton Accords. Such an approach, Plavsic qualified as positive in
respect to the past conferences. She is of the view that for the agreement
today, the greatest problem are the attempts at populating the separation zones
with armed soldiers, about which fact the IFOR is having precise data. "They are
even having the data to which military structures in the Muslim-Croat Federation
they belong, these ones who are trying to settle there, so that there can be no
question at all of the refugees from these areas", she specified. Plavsic
announced that "there will be talk about Brcko", as well as of the
discriminatory manner of distribution of funds for Bosnia-Herzegovina because in
the Republic of Srpska so far arrived barely one to two percent of the allocated
funds.
Serbia Today, 1996-12-03 ; Vecernje novosti, 1996-12-03
[04] CZECH ECONOMY AT THE BELGRADE FAIR
At the Belgrade Fair, from today until December 6, 1996 some seventy of the
Czech companies will present themselves at the first independent exhibition of
the Czech economy entitled "The Czech Republic - Your Partner". While pointing
out at the importance of the Czech economic exhibition, the Ambassador of the
Czech Republic in the Federal Republic of Yugoslavia Ivan Bushniak stated that
until the end of this year goods exchange in the value of some 100 million US
dollars both ways is foreseen. From the important contracts concluded over the
past period, Zdenek Svata director of the Fair Exhibition, underlined the
contract between Pilzen's "Skoda" and the Electrical Power Management of Serbia
on the delivery of two generating sets in the value of 100 million US dollars
and the contract of the same Czech firm with Smederevo "Gosa" factory on the
delivery of Czech freight vehicles and "Gosa" trailers.
Serbia Today, 1996-12-03 ; Politika, 1996-12-03
[05] ACHIEVEMENT OF THE LARGEST YUGOSLAV PRODUCER OF FERTILIZERS
At the press conference on the occasion of 34 years of work of the largest
factory of fertilizers in the country, the director of Pancevo "Azotara" (Nitrogen Plant) Miralem Djindo, announced that until the end of this year all
the plants of this industrial complex will produce 490 thousand tons of
fertilizers, which means that the production is almost doubled, and 50 thousand
tons of ammonia which will cover all the domestic needs. For the first time
since the year 1991, all the plants of the Pancevo manufacturer, are working
non-stop, with high employment of capacities. For the next year "Azotara" is
planning further growth of production and construction of the second factory for
production of carbamide. The delegation of the Pancevo "Azotara" (Nitrogen
Plant) together with our bankers is now visiting China, having the final
negotiations about finalizing this deal which will be carried out by the Chinese
experts.
Serbia Today, 1996-12-03 ; Politika, 1996-12-03
[06] PRESENTATION OF THE YUGOSLAV ECONOMY IN GREECE
The first Yugoslav economic exhibition in Greece is to open today in
Athens, and, according to the President of the Chamber of Economy of Yugoslavia,
Mihailo Milojevic, "in a rather pleasant atmosphere of the search for the new
practical areas of economic cooperation between the two countries". Milojevic
was speaking at the press conference about the economic cooperation during the
times of the embargo "in the extent in which it was possible", in order to place
an emphasis on the future "which is offering chances for trade, tourism,
construction works and the joint ventures on the third markets". The director of
the Athens exhibition and director general of the Belgrade Investbank Nikola
Stanic, added to the expectations his belief that "through an active
participation, it is an opportunity to promote the Yugoslav banking interests on
the Greek market of capital". In Athens and Thessaloniki a series of lectures
will be held today and tomorrow about the capabilities of the Yugoslav economy.
Serbia Today, 1996-12-03 ; Borba, 1996-12-03
[07] MEASURES FOR REALIZATION OF THE ECONOMIC POLICY IN 1997
Government of the Republic of Serbia at its yesterday's session, under the
chairmanship of Mirko Marjanovic, discussed implementation of measures of the
current economic and social policies, and preparation of measures for the
realization of the economic policy in the year 1997 . The Government was of the
view that the agreement reached between all the carriers of the economic policy
in the country has made it possible for the budget preparation, for the
consolidation of the public consumption balance and the other instruments of the
economic policy, to be performed in good time. It was further stated, however,
that in the realization of the economic and social functions some unforeseen
problems are appearing, which are most of all, coming from the side of the
parties which are expressing their dissatisfaction with the electoral results
through the rallies in the streets, especially in Belgrade. The Government
stated that, further to the extensive and direct material damages caused as a
consequence of vandal behavior of the participants of the rallies of the
coalition "Zajedno" ("Together"), the economy and even more the citizens are
suffering losses due to traffic, communal, work and other obstructions.
Therefore, the Government has concluded that all the resor ministries are to
undertake legally prescribed activities in order to alleviate consequences and
damages caused by the violent behavior. The Government has decided, regardless
of all the current problems, to intensify its work on the implementation of the
Program of economic recovery and economic policy, with the basic targets the
stability and elevation of the standard of living of the population.
Serbia Today, 1996-12-03 ; Politika, 1996-12-03
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