Serbia hopes to start loan talks with UAE on October 26 - official - World | The Star Online:
"Serbia's Deputy Prime Minister Aleksandar Vucic plans to travel to the United Arab Emirates next week to negotiate terms of a 2-3 billion euro (1.6 - 2.5 billion pounds) loan seen as crucial to the country's financial stability.
Last week Belgrade launched measures to trim a budget deficit estimated by the International Monetary Fund at above 7 percent of output and debt forecast to reach about 65 percent of GDP next year.
To finance debt in 2014 and 2015 and invest in infrastructure and industry, the country will need additional borrowing, including a new Eurobond and loans from sovereign lenders including the UAE, China and Russia.
On Tuesday, Mladjan Dinkic, the head of a government body tasked with economic cooperation with the UAE and former finance minister, said he and Vucic would travel to Abu Dhabi on October 26 to start talks over the loan, which could be released in 2014."
'via Blog this'
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