BELGRADE (Serbia), June 3 (SeeNews) – Serbia's government is preparing additional measures to support economic growth following the coronavirus crisis, finance minister Sinisa Mali said.
Some of the measures will result in tax breaks and lower contributions for new employees, while others envisage a direct subsidy for each new hire, Mali said in a video file posted on the YouTube channel of broadcaster RTV Vranje on Tuesday.
"We will inform the public about the new measures in a few days. We are currently considering about 20 measures, and we will soon come up with a proposal for those measures," Mali said.
Serbia's government approved last month a programme for additional support to micro, small and medium-sized enterprises (MSMEs) active in sectors that were most affected by the coronavirus crisis. Companies active in the tourism, catering and passenger transport sectors will be able to apply for loans to finance liquidity and working capital with a repayment period of up to five years, including a two-year grace period.
On March 31, Serbia's government introduced a 5.1 billion euro ($5.7 billion) financial package for the support of its economy, or 50% of the 2020 budget. The package includes a 2 billion euro guarantee scheme for loans extended by commercial banks.
($ = 0.8917 euro)