Serbia’s PM: Door to wide open for Russian capital

Balkans.com Business News Correspondent – 23.11.2012
Serbia’s Prime Minister and Minister of the Interior Ivica Dacic said at the economic forum “The new economy in Europe: between a rock and a hard place” held in Frankfurt that the door to the Serbian economy is wide open for Russian capital. He highlighted the importance of the presence of Russian banks in Serbia.
It is in our interest, if we want to get out of the crisis and develop economic relations with Russia, to have a strategic partnership agreement because we cannot do that without the presence of the Russian financial capital in our country, Dacic said, adding that that is why the door for Sberbank and VTB Bank, which is also one of the largest Russian banks, is wide open not only in Serbia but in the whole region. The Prime Minister attended the signing of the Memorandum of Understanding whose aim is the promotion of mutual cooperation and investment between the Serbian Ministry of Finance and Economy and Sberbank of Russia. Our goal is that Sberbank increases its capital that will be in Serbia, the capital that will be marketed primarily for economic development, and it would be ideal if it were placed for financing export-import business deals that we have with Russia. This is the only way in which we could develop our economic relations, Dacic said.