Browse through our Interesting Nodes on the Balkan Peninsula Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Monday, 25 November 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Yugoslav Daily Survey, 98-01-14

Yugoslav Daily Survey Directory - Previous Article - Next Article

From: Yugoslavia <http://www.yugoslavia.com>

Yugoslav Daily Survey


CONTENTS

  • [01] HIGH REPRESENTATIVE HAILS CONSTITUTION OF REPUBLIKA SRPSKA PARLIAMENT
  • [02] YUGOSLAV PRIME MINISTER KONTIC RECEIVED NEW U.K. AMBASSADOR
  • [03] KALINIC SATISFIED WITH OUTCOME OF R.S. PARLIAMENT'S 2ND CONSTITUENT SESSION
  • [04] KALINIC IS ELECTED PRESIDENT OF REPUBLIKA SRPSKA ASSEMBLY
  • [05] PEOPLE'S REQUESTS TO MONTENEGRIN AUTHORITIES
  • [06] PROTEST RALLY ORGANIZING COMMITTEE SENDS A LETTER TO THE YUGOSLAV PRESIDENT AND GOVERNMENT
  • [07] MONTENEGRIN PRESIDENT RECEIVED U.S. ENVOY
  • [08] PREMIER DESIGNATE IVANIC MEETS WITH PARTY DEPUTIES
  • [09] YUGOSLAV FOREIGN MINISTER RECEIVED U.S. SENATOR
  • [10] ITALIAN AND GREEK FOREIGN MINSTERS CONGRATULATE NEW YUGOSLAV FOREIGN MINISTER
  • [11] TERRORIST ATTACK IN KOSMET
  • [12] ZIVADIN JOVANOVIC IS NEW YUGOSLAV FOREIGN MINISTER
  • [13] RUSSIAN DEPUTY FOREIGN MINISTER AFANASIEVSKI VISITS VUKOVAR
  • [14] YUGOSLAVIA RECORDS MEDIA BOOM IN PAST THREE YEARS
  • [15] CENTRAL BANK GOVERNOR SAYS NO MONEY WILL BE MINTED
  • [16] BIOGRAPHY OF NEW YUGOSLAV FOREIGN MINISTER
  • [17] DEPUTY HIGH REPRESENTATIVE KLEIN VISITS PALE
  • [18] YUGOSLAV INFORMATION SECRETARY ON TERRORISM IN KOSOVO
  • [19] REPUBLIKA SRPSKA ASSEMBLY WILL RESUME SESSION ON MONDAY
  • [20] INFLATION IN 1997 LOWER THAN EXPECTED

  • [01] HIGH REPRESENTATIVE HAILS CONSTITUTION OF REPUBLIKA SRPSKA PARLIAMENT

    Tanjug, 1998-01-12

    High Representative of the international community Carlos Westendorp hailed on Monday the constitution of the Republika Srpska Parliament.

    This is a first step towards normalizing the situation in Republika Srpska as the Parliament comprises representatives of different political options, he said.

    Westendorp expects the issue of the Serb Radio and Television to be resolved after a new Republika Srpska Government is constituted.

    [02] YUGOSLAV PRIME MINISTER KONTIC RECEIVED NEW U.K. AMBASSADOR

    Tanjug, 1998-01-12

    Yugoslav Prime Minister Radoje Kontic received on Monday the new U.K. Ambassador in Belgrade Joseph Brian Donnelly, a Government statement said.

    A lengthy and candid talk on the bilateral cooperation and international relations reflected the interest and readiness of the two sides to step up the renewal and promotion of cooperation in the political and economic domains.

    Prime Minister Kontic pointed to a positive trend recorded in the bilateral relations in the post-sanctions period but said that the attained level of cooperation was still not satisfactory.

    Kontic urged that high-level political dialogue be established between the two countries as soon as possible and that the British Foreign Secretary would visit Belgrade soon, but also in his capacity of President of the E.U. Council of Ministers.

    Kontic stressed that Yugoslavia was highly interested in establishing relations with the E.U. as soon as possible, and he informed Ambassador Donnelly about the measures taken by the Yugoslav Government to that end.

    Ambassador Donnelly agreed with the presented assessments and communicated his Government's interest in having its Foreign Secretary visit Yugoslavia in the spring.

    The Government statement said that the visit was significant not only in terms of bilateral relations but also because of a re-examination of the E.U. autonomous measures towards Yugoslavia since, as Ambassador Donnelly said, Britain wanted to participate in Yugoslavia's economic recovery.

    [03] KALINIC SATISFIED WITH OUTCOME OF R.S. PARLIAMENT'S 2ND CONSTITUENT SESSION

    Tanjug, 1998-01-12

    Republika Srpska Parliament Speaker Dragan Kalinic said at the close of the R.S. Parliament's second constituent session in Bijeljina on Monday that he was satisfied that a difficult and painstaking job, which had begun on December 27, had been completed.

    Kalinic said certain Parliament bodies were yet to be elected, saying the parties had already agreed upon the issue.

    He said he hoped the deputies would demonstrate full maturity also in setting up a new R.S. Government.

    R.S. member in Bosnia's three-man Presidency Momcilo Krajisnik said he was satisfied with the way in which the forming of Parliament had continued.

    Krajisnik said he believed that, despite initial clashes of views and certain mistrust, the session could be described as successful, saying it would be easier now to complete other activities with which Parliament was faced.

    He said he hoped the issue of the R.S. Prime Minister designate would be clarified by January 17 when Parliament was scheduled to meet again.

    R.S. President Biljana Plavsic said the session was a bit more successful than the previous one. She said she hoped that the next session would be even more successful because Parliament should then approve Prime Minister designate Mladen Ivanic, his programme and a new Cabinet.

    [04] KALINIC IS ELECTED PRESIDENT OF REPUBLIKA SRPSKA ASSEMBLY

    Tanjug, 1998-01-12

    Dragan Kalinic of the Serb Democratic Party (SDS) was elected President of the Republika Srpska National Assembly on Monday.

    Kalinic was also President of the previous Assembly.

    Nikola Poplasen of the Serbian Radical Party (SRS) and Jovan Mitrovic of the Serb National Alliance (SNS) were elected Assembly Vice Presidents.

    The post of Assembly Secretary-General went to Momir Malic of the Socialist Party and that of his deputy to Staka Gojkovic of the Serb Democratic Party (SDS).

    A motion was raised at the Assembly session for the RS Constitution to be revised so as to have three Vice Presidents of the legislature, so that the third post could be taken, in keeping with the election results, by a representative of the Coalition for Single Bosnia-Herzegovina, headed by the Muslim Democratic Action Party (SDA).

    [05] PEOPLE'S REQUESTS TO MONTENEGRIN AUTHORITIES

    Tanjug, 1998-01-12

    The Organizing Committee of the large-scale rally in front of the Montenegrin Parliament in Podgorica, comprising 50 top officials of the Democratic Party of Socialists (DPS) headed by Montenegrin President Momir Bulatovic and of the National Party (NS) headed by Bozidar Bojovic as well as renown public figures, addressed on Monday a list of requests to the Montenegrin authorities.

    If the requests are not met by 7 p.m. on Monday, the rally will continue indefinitely, the Committee said. The requests are as follows:

    First - the Montenegrin Parliament should nullify as soon as possible the resolution rejecting the decisions of federal bodies, reverse the decision of the Credentials and Immunity Commission to revoke the credentials to the National Party deputies in the Montenegrin Parliament, and put an end to all activities aimed at amending the Montenegrin Constitution and organizing a referendum on Montenegro's status, as activities of such importance can not be carried out amidst a state crisis and political instability.

    Second - the Parliament should shorten its term and early parliamentary elections should be held by April 15 in line with Electoral Legislation to be passed in the meantime in order to prevent a repetition of election rigging such as was registered in the recent presidential election.

    Third - the new (transitional) Government should not comprise the present ministers of internal affairs, justice, finance and health and secretaries of information and legislation, due to their role in the rigging of the presidential election.

    Fourth - the presidential election should be nullified and repeated along with the early parliamentary elections.

    Fifth - pressures should cease on local administration bodies and plans for imposing provisional measures and dissolving municipal assemblies, especially the Podgorica assembly, should be cancelled. Political and police harassment of people for their political convictions, such as revanchism, threats and firing from jobs, should cease as they constitute violations of fundamental human rights and freedoms.

    Sixth - the media terror should cease and state media should do their job of providing true and timely information to the Montenegrin public in a professional and unbiased manner.

    These requests constitute the basic condition for stabilizing the political situation and their fulfilment will put an end to the civil protests.

    The requests are addressed to Parliament Speaker Svetozar Marovic, Prime Minister Milo Djukanovic, head of the so-called reform coalition Milica Pejanovic-Djurisic and leader of the Montenegrin Liberal Alliance Slavko Perovic.

    The Organizing Committee has set up a negotiating team comprising DPS Vice- Presidents Zoran Zizic and Predrag Bulatovic and NS Vice-President Ranko Kadic, to contact representatives of state authorities and parliamentary parties, pave the way for fulfilling the requests and keep the rally participants informed of the progress and results of negotiations.

    [06] PROTEST RALLY ORGANIZING COMMITTEE SENDS A LETTER TO THE YUGOSLAV PRESIDENT AND GOVERNMENT

    Tanjug, 1998-01-12

    The Organizing Committee of the protest rally in the Montenegro capital of Podgorica sent on Monday, on behalf of the Montenegro people, a letter to the Yugoslav President and the Yugoslav Government.

    The letter said, among other things, that the participants in the rally "are manifesting their commitment to the Federal Republic of Yugoslavia and Montenegro, as an equal member-republic of our common state, to democratic development in the interest of all citizens, and to the principle that power can be a product only of a freely expressed will of citizens."

    The rally participants said that they were sending the letter being "deeply aware and truly concerned for the fate of the Republic of Montenegro and the FRY, which are threatened by separatism and divisions, which negate the historical ties between and common interests of Montenegro and Serbia and above all the inviolable will of citizens of Montenegro to live in the federal state."

    "The resolution on the non-recognition of decisions of federal bodies passed by the Assembly of the Republic of Montenegro is a legal and political act which flagrantly violates the FRY Constitution and the federal constitutional order," the letter said.

    "Such a separatist act is clearly an introduction to more concrete steps in the separatist policy of current authorities in Montenegro and all with a view to undermining the federal state and separating Montenegro from it against the actual will of its citizens," the participants in the rally said in the letter.

    The letter listed the demands presented by the Organizing Committee to Montenegro authorities.

    [07] MONTENEGRIN PRESIDENT RECEIVED U.S. ENVOY

    Tanjug, 1998-01-12

    Montenegrin President Momir Bulatovic on Monday received U.S. President's Special Envoy for the implementation of the Dayton Accords Robert Gelbard.

    The talks focused on the current political situation in Montenegro, Bulatovic's office said in a statement.

    Expressing interest in the resolution of the crisis through peaceful and democratic means, Gelbard voiced the U.S. Administration's interest in and readiness to help stabilise the overall situation and ensure Montenegro's economic and democratic development.

    He said that the international community would not support any attempt at Montenegro's secession.

    Bulatovic voiced deep concern over the overall political situation in Montenegro and stressed his commitment to its democratic resolution. He said that the basic condition for all this was a dialogue between all relevant political powers and subjects aimed at creating necessary conditions and democratic climate for holding the elections.

    Bulatovic said that the citizens' peaceful protest in Podgorica did not threaten peace and security but was a legal means for expressing citizens' democratic will.

    He also described as untruthful claims that his political party planned to use force to achieve its political goals.

    [08] PREMIER DESIGNATE IVANIC MEETS WITH PARTY DEPUTIES

    Tanjug, 1998-01-12

    Republika Srpska Prime Minister designate Mladen Ivanic said late Monday after meeting with members of the Serb Democratic Party (SDS) and Serbian Radical Party (SRS) clubs that he urged a national unity Government in order to prevent the division of the Republika Srpska and its political and economic end. Ivanic said the Government would have two parts. One part would be political and would include 11 ministries, he said adding that the SDS would get four ministries within it, the SRS, the Serb National Alliance (SNS) and the R.S. Socialist Party (SP RS) two each, while the Party of Independent Social Democrats (SNSD) would get one ministry.

    The other part would comprise experts, he said.

    He also said a new R.S. Government was to have three Vice-Premiers. The SDS is to appoint one Vice-Premier and, according to Ivanic, this should be Aleksa Buha. The SRS should also appoint a Vice-Premier and this should be its leader Nikola Poplasen, he said.

    The other parliamentary parties should also appoint a Vice-Premier, he said adding that he was in favour of Zivko Radisic of the R.S. Socialist Party.

    SDS and SRS deputies opposed Ivanic's concept of the new Cabinet.

    Ivanic is scheduled to meet with SNS, SP RS and SNSD officials as well as with representatives from Bosnia's other entity, the Moslem-Croat Federation.

    [09] YUGOSLAV FOREIGN MINISTER RECEIVED U.S. SENATOR

    Tanjug, 1998-01-12

    Yugoslav Foreign Minister Zivadin Jovanovic on Monday received renowned Republican Senator and head of a number of working bodies of the U.S. Congress Alen Specter, who is on a brief working visit to the Federal Republic of Yugoslavia.

    The Yugoslav Foreign Ministry said in a statement that the two sides had exchanged views on the Yugoslav - U.S. relations and further comprehensive implementation of the Dayton/Paris Peace Accords.

    [10] ITALIAN AND GREEK FOREIGN MINSTERS CONGRATULATE NEW YUGOSLAV FOREIGN MINISTER

    Tanjug, 1998-01-12

    The new Yugoslav Foreign Minister Zivadin Jovanovic has received messages of congratulations on his appointment from his Italian and Greek counterparts Lamberto Dini and Theodoros Pangalos.

    Dini expressed hope in his message that bilateral relations would continue developing in the spirit of firm friendship and cooperation in all fields of common interest, and underlined that Italy would continue advocating Yugoslavia's reintegration in all international institutions.

    Pangalos expressed his wish to continue reinforcing the friendly ties and cooperation between the two countries in the interest of their peoples, and to pursue endeavours for a better future of Europe and the entire world.

    [11] TERRORIST ATTACK IN KOSMET

    Tanjug, 1998-01-12

    Forester Sejdi Muja, an ethnic Albanian, was killed in the village of Gradica in the Glogovac municipality in Serbia's southern Province of Kosovo and Metohija at 8 a.m. local time on Monday.

    Radio Pristina quoted witnesses as saying that Muja was killed by three masked persons, most likely members of the terrorist organization Liberation Army of Kosovo, who used automatic rifles.

    An investigation into the murder has been opened.

    It is suspected that Sejdi Muja was killed by terrorists for being loyal to the state of Serbia.

    At 0:15 hours local time on Monday, unidentified attackers fired several bursts from automatic weapons at an apartment building in Stimalj, where policemen and their families live. Nobody was injured, although thirty bullets or so were fired and considerable damage caused.

    An extensive search for the perpetrators is under way.

    It is suspected that the attack was staged by ethnic-Albanian terrorists who have been active in the area in the past several months.

    [12] ZIVADIN JOVANOVIC IS NEW YUGOSLAV FOREIGN MINISTER

    Tanjug, 1998-01-09

    Yugoslav Prime Minister Radoje Kontic has appointed Zivadin Jovanovic as the new Yugoslav Foreign Minister.

    On the basis of article 100 of the Constitution of the Federal Republic of Yugoslavia, Yugoslav Prime Minister Radoje Kontic appointed Zivadin Jovanovic as Yugoslav Foreign Minister.

    Kontic, in accordance with article 102, provision 2 of the Constitution of the Federal Republic of Yugoslavia, informed Yugoslav Parliament about the appointment of Jovanovic, the Yugoslav Information Secretariat said.

    [13] RUSSIAN DEPUTY FOREIGN MINISTER AFANASIEVSKI VISITS VUKOVAR

    Tanjug, 1998-01-11

    Russian Deputy Foreign Minister Nikolai Afanasievski on Sunday visited Vukovar, the first stop on his Balkan tour within which he will visit Croatia, Bosnia-Herzegovina and Yugoslavia, Russian media reported.

    On arriving in Zagreb, Deputy Foreign Minister Afanasievski flew by helicopter to Vukovar, the administrative centre of the predominantly Serb populated East Slavonia, Russia media said.

    The Russian news agency Itar-TASS set out that the mandate of the U.N. Transitional Administration (UNTAES) for the region expired on January 15 and that numerous complaints against pressures coming from the Croatian administration had been filed by Serbs lately.

    The media stressed that Russia, a member of the Contact Group, was highly interested in the success of the U.N. mission in East Slavonia, where it still had about 200 peacekeepers who were seeing to it that what had been agreed about the transition of power be carried out.

    Afanasievski will return to Zagreb from Vukovar for talks with Croatian leaders and the heads of UNTAES and the OSCE mission.

    The Russian diplomat is to meet in Bosnia-Herzegovina with leaders of all Bosnian sides, the international community's High Representative, and the commander of the multinational force SFOR.

    In Belgrade, the last leg of his tour, Afanasievski is to discuss with Yugoslav officials the situation in the region and the development of the bilateral relations after the recent visit to Moscow of Yugoslav Prime Minister Radoje Kontic, as the Russian Ministry has announced.

    [14] YUGOSLAVIA RECORDS MEDIA BOOM IN PAST THREE YEARS

    Tanjug, 1998-01-11

    Yugoslavia recorded a media boom in the past three years, as hardly any other country, Yugoslav Information Minister Goran Matic said on local BK TV late on Saturday.

    Minister Matic specified that Yugoslavia had about 2,700 media, including 24 dailies, of which three in Albanian and two in Hungarian languages, 700 radio and TV stations, mostly private, and six news agency, of which only Tanjug was a state-owned one.

    "The freedom of the press is guaranteed under the Constitution and other laws, censorship is prohibited," Matic said and specified that the information activities were open to private business, to every private citizen.

    Minister Matic said the abrupt increase in the number of media had led to an inundation of information, and many people had no business dealing in information activities.

    "We have a situation in which journalism suffers, and the next step, after the quantitative leap, is again to insist on the basic media postulates, professionalism, objectivity, truth, and ethics," Matic told BK TV.

    "It is our view that Yugoslavia must have not only a single economic space but also a single information space so that citizens would directly be informed, and not through some kind of middlemen, about matters of concern to the federal state and all its citizens," Minister Matic stressed.

    He urged that Yugoslav TV be founded in the course of 1998 and said it would be "open to everyone, just as the Federal Government is."

    Minister Matic announced that the Information Bill would be submitted to the Yugoslav Parliament in the first quarter of the year.

    [15] CENTRAL BANK GOVERNOR SAYS NO MONEY WILL BE MINTED

    Tanjug, 1998-01-10

    Yugoslav Central Bank Governor Dusan Vlatkovic said on Radio Pristina on Saturday that no money had been or would be minted.

    "Some disruptions in the "dinar's" stable exchange rate occurred late last year, which we will eliminate early this year through measures taken by the Federal Government, the governments of both republics and the National Bank of Yugoslavia," Vlatkovic said.

    He expressed conviction that 1998 would be a successful year but noted that the economy and banks could encounter some difficulties due to a restrictive monetary policy.

    The Central Bank Governor said that if an influx of around 1 billion 450 million dollars was secured through the selling of state and social property and credits from international institutions, Yugoslavia would sustain the level of production and the social product.

    "We believe we will succeed and in that way secure also stable prices and exchange rate and increase consumer spending by 10% compared with last year, " Vlatkovic said.

    [16] BIOGRAPHY OF NEW YUGOSLAV FOREIGN MINISTER

    Tanjug, 1998-01-09

    Zivadin Jovanovic, new Yugoslav Foreign Minister, was born on November 11, 1938 in Oparic, municipality of Rekovac.

    He went to highschool in Jagodina. After graduating at the Faculty of Law, Belgrade University, in 1961, he performed a number of social and political functions.

    He was officer in charge of legal matters in New Belgrade Municipal Assembly from 1961 to 1964. He then joined the Foreign Ministry, where from 1964 to 1966 he was an Attache, and from 1966 to 1970 Vice-Consul in the General Consulate of Yugoslavia in Toronto, Canada.

    From 1970 to 1974 he was an advisor in the Presidency of Serbia and from 1974 to 1978 Counsellor in the Yugoslav Embassy in Nairobi, Kenya.

    Zivadin Jovanovic was from 1978 to 1984 Secretary of the Serbian Foreign Relations Council, and the next four years Under-Secretary in the Presidency of the SFRY.

    In 1988, Zivadin Jovanovic was appointed Ambassador of the SFRY (FRY) in Angola.

    In 1994, he was appointed Yugoslav Assistant Foreign Minister.

    In 1997, Jovanovic was elected Vice-President of the Socialist Party of Serbia and since September last year he is a deputy in the Serbian Parliament.

    Jovanovic has published a number of papers from the field of Constitutional Law, international relations and the Yugoslav foreign policy.

    He was conferred a number of Yugoslav and foreign decorations.

    He speaks English, French, Russian and Portuguese. He is married, two children.

    [17] DEPUTY HIGH REPRESENTATIVE KLEIN VISITS PALE

    Tanjug, 1998-01-11

    The international community's Deputy High Representative for Bosnia- Herzegovina Jacques Klein said on Sunday that he hoped the officials of the new Republika Srpska Assembly would be elected in the resumption of the legislature's session in Bjeljina on Monday.

    Klein said he hoped that the Assembly would next elect a new Republika Srpska Government, and specified that the Assembly session would be broadcast live.

    Klein expressed hope that the Assembly would elect a government with which the international community would be able to cooperate and which would have access to international aid.

    [18] YUGOSLAV INFORMATION SECRETARY ON TERRORISM IN KOSOVO

    Tanjug, 1998-01-10

    Yugoslav Information Secretary Goran Matic said on Saturday in an interview to Radio Pristina (Serbia's southern Province of Kosovo-Metohija - Kosmet) that the stories of lack of democracy in Kosmet spread by ethnic Albanian separatists and endorsed by their world patrons such as Klaus Kinkel were aimed at achieving "anarcho-democracy in the media".

    The separatists want to undermine all forms of social organization based on contemporary democratic principles and destabilize and disintegrate all state institutions in Kosmet, Matic said.

    Matic described the activities of the Albanian-language media as the fruit of propaganda warfare. Some of the Albanian-language papers in Kosmet have nothing to do with democracy but advocate terrorism and serious violations of human rights and freedoms, he said.

    Asked whether such media can be placed under control without antagonizing the international community, Matic said there was no classic media control, only a monitoring of the press.

    Ethnic Albanians, like all other citizens of Yugoslavia, have the right to publish their press and express their views and opinions, with the exception of calls for undermining constitutional order or for violence, Matic said.

    Others in this country resort to such means too, but the time will come soon for tackling this problem and clearly defining the limits of democracy, of anarchy and of terrorism, Matic said.

    [19] REPUBLIKA SRPSKA ASSEMBLY WILL RESUME SESSION ON MONDAY

    Tanjug, 1998-01-11

    The constituent session of the Republika Srpska National Assembly will resume in Bijeljina on Monday.

    The session opened in Bjeljina on December 27 but was adjourned after the deputies failed to elect their President, two Vice*Presidents and Secretary- General.

    The parliamentary parties have reached agreement on the election of the Assembly's bodies, but are still discussing who the Assembly officials are to be.

    In the first half of the session on December 27, the Serbian Democratic Party and the Serbian Radical Party failed to back President Biljana Plavsic's choice of Mladen Ivanic as Premier-designate.

    [20] INFLATION IN 1997 LOWER THAN EXPECTED

    Tanjug, 1998-01-09

    The rate of inflation in 1997 is 9.3%, Director of the Federal Statistics Bureau Milovan Zivkovic has told Tanjug.

    Retail prices had gone up only 1% in December, said Zivkovic, which resulted in the final figures to be lower than expected. The rate of inflation for 1997 was forecast at 9.6%.

    The annual inflation rate, when comparing December 1997 with the same month of 1996, was 9% in Serbia and 16.2% in Montenegro. The growth of prices in 1997, compared with the previous year, was 18.5%, said Zivkovic.

    Asked what effect, if any, devaluation of the national currency might have, Zivkovic said it would not be positive, mostly in regard with the increase in exports.

    According to economic theory, and practice, 3% of devaluation as a rule equals 1% of inflation. So, if the dinar were devaluated about 50%, then the price hike at the beginning of the year would be more than 18%, said Zivkovic.

    Prices in Yugoslavia are generally equal to world prices, said Zivkovic. However, nothing could convince directors who have business deals with foreign partners not to raise prices at least by that 1%. So the negative effect would outweigh any positive result, said Zivkovic.

    He said devaluation stimulated exports. But, with the outer wall of sanctions remaining, the loss of trade preferences by the European Union, and the normalization of relations with financial institutions still pending, devaluation alone could not compensate for all this, he said.

    It was imperative to continue with reforms, he said, above all privatization, which will attract foreign capital, step up ratings and relax the outer wall, said Zivkovic in conclusion.


    Yugoslav Daily Survey Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    serb/yds2html v4.01 run on Wednesday, 14 January 1998 - 17:54:36 UTC