| During the 2003,socio-economic trends in Republic of | | | | in 2003 in relation to 2002. |
| Serbia and | | | | In 2003,336 enterprises were privatized at tenders |
| Montenegro were characterized by active role of | | | | and auctions,which pulled in EUR 159,5 milion( |
| Goverment toimplement reforms,neccessary to step | | | | source:republic Development Bureau).According the |
| up transition process. | | | | same source,the process of restructuring was |
| According to the report of the European Bank for | | | | started in 73 large economic systems.Also,the Serbian |
| Reconstruction and Development (EBRD),Serbia and | | | | goverment adopted the Strategy for development |
| Montenegro recorded greater progress in | | | | of Entrepreneurship in Serbia from 2003-2008. |
| implementation of reforms than the other 27 East | | | | The analysis of economic development in Serbia |
| European countries.In its report on transition,EBRD | | | | shows that the most developed city in serbia is |
| graded Serbia and Montenegro 3+ (scale 1-4)for its | | | | Apatin with the level of development 85% above |
| foreign trade policy,for the process of privatization of | | | | average in Serbia and on the other side,the most |
| small enterprises and for price liberalization. | | | | undeveloped city is Tutin with the development 76% |
| The current state of global economy,especialy EU is | | | | below the average of Serbia. |
| that a stronger growth rate in global economy could | | | | Finally,we can conclude that Serbia and Montenegro |
| not be expected till the end 2004. | | | | will try to be integrated into the global economy as |
| According to the Republic development | | | | soon as possible.In spite of our good wishes,it seems |
| Bureau,economic trends in Serbia in the first four | | | | that our expectations are very unrealistic to be |
| months of 2003,are characterized by a slowdown in | | | | achieved fastly. Namely,after a long period of |
| economic activity,however together with stabilization | | | | stagnation,wars,low economic rate of growth,high |
| of price real increase in salaries and growth in foreign | | | | rate of inflation |
| trade.Exports of goods in period January-April 2003 | | | | (in 1993.it was the highest rate in the World),high rate |
| increased by 28,6% in relation to the same period of | | | | ofunemployment and low national income per |
| 2002.The coverage of imports with exports in April | | | | capita,path of integration will be long and difficult |
| 2003 is 41,9%. | | | | process.Knowing that,our goverment will try to make |
| Prices in May 2003 increased by 0,5% in relation on | | | | this process shorther with structural changes in |
| to April andcosts of living by 0,4%. | | | | national economy and making big steps in transition |
| The total number of employed persons at the end of | | | | toward the structure and performance of advanced |
| March 2003amounted to 1,782.841 (source:Republican | | | | economies.As fast as our standard of living rise it |
| Labour Market Bureau).Using the same source we | | | | becomes possible to make progress.The first results |
| can notice that in Serbia were 947,426 unemployed | | | | have been yet evident.prof. |
| persons.Mentioned number was increased by 17,7% | | | | |