Serbia's new government to overhaul economy | Inquirer Business

Serbia’s new government to overhaul economy

/ 02:57 PM April 28, 2014

Serbian Prime Minister designate Aleksandar Vucic addresses the parliament, in Belgrade, Serbia, Sunday, April 27, 2014. Vucic announced that his government would be formed on Sunday. AP

BELGRADE, Serbia— Serbia’s new prime minister on Sunday promised a total overhaul of the economy in the Balkan country that went through a decade of war and international isolation in the 1990s, but is now seeking EU membership.

Aleksandar Vucic told the lawmakers that “you will sleep and eat here” in order to pass by July 15 the first set of reform laws that are necessary to introduce market reform.

Article continues after this advertisement

“This is something that has been put off for too long,” Vucic said. “Changes and modernization are the key words.”

FEATURED STORIES

Serbia’s new government was voted into office on Sunday with 198 for and 23 against.

Vucic’s Serbian Progressive Party has won a majority, taking 158 seats in the 250-member assembly in March 16 elections. The new Cabinet also included ministers from smaller allied parties.

Article continues after this advertisement

Liberal opposition leader Dragan Djilas criticized the prime minister, saying he had offered no new solutions. Djilas said that “one man will be making all the decisions, which is not good for Serbia.”

Article continues after this advertisement

Vucic, who is a former hard-line nationalist turned pro-EU reformer, has gained popularity by promising an uncompromising struggle against rampant corruption amid widespread poverty.

Article continues after this advertisement

Vucic said the economic changes will include cuts in the public sector, budget revision and privatization of state-run companies, coupled with boosting the private sector. He predicted possible protests, but pledged to stick to reform.

The EU opened accession talks with Serbia this year, after Belgrade agreed to normalize ties with Kosovo.

Article continues after this advertisement

RELATED STORIES:

Serbia marks 15th anniversary of NATO bombings

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Nationalist wins Serb presidential runoff

TAGS:

No tags found for this post.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.