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Serbia opens chapter on free movement of capital in EU accession talks

Author Radomir Ralev
Serbia opens chapter on free movement of capital in EU accession talks Source: Serbian European Integration Ministry

BELGRADE (Serbia), December 11 (SeeNews) - Serbia has opened Chapter 4 - Free Movement of Capital in its EU accession talks, the government said.

This is the 18th chapter of EU body of law has Serbia has opened in its EU membership negotiations, Serbia's government said in a statement late on Tuesday.

"We have secured the financial and macroeconomic stability of the country, and the opening of Chapter 4 will contribute to the further securing of a more stable and efficient financial and balance of payments system in Serbia," Serbia's European integration minister Jadranka Joksimovic noted.

Based on what Serbia has achieved in the area of the rule of law, more chapters could be opened, she added.

Serbia is technically ready to open Chapter 2 -Freedom of Movement For Workers, Chapter 14 -Transport Policy, and Chapter 21 - Trans-European Networks, Serbian public broadcaster RTS said last week, quoting sources from the European Commission.

In June, Serbia opened Chapter 9 - Financial Services. The country started accession talks with the EU in January 2014 and has already opened 18 of the 35 chapters of the EU body of law, two of which were provisionally closed.