23 May 2012

Stavreski: Construction of Corridor 10 section to revive economy

Construction of Corridor 10 highway section Demir Kapija-Smokvica will begin this summer, which along with other measures, is to help the economy's revival and increase of investments, said Vice Premier and Finance Minister Zoran Stavreski on Tuesday.
"The Budget review has secured funds for capital investments in the amount of Denar 21,5 billion (EUR 350 million), which are at the disposal of ministries and companies in Macedonia for capital investments. This is a large amount, which I expect would be properly used, and alongside the EUR 100 million provided by the European Investment Bank by the end of June, should help in the achievement of a positive growth rate", Minister Stavreski told reporters after today's session of the Financial Stability Committee.
He stressed the Government should continue to stimulate investment policies, adding that Macedonia, being a country with low budget deficit, should use the room for increase of investments, thus stimulating growth.According to the FinMin, these are the beast measures that a government of a relatively small country could implement.
"If this year's capital investments amount to Denar 21,5 billion, up by 20 percent compared to 2011, along with EUR 100 million for SMEs loans, project Demir Kapija-Smokvica, as well as series of other infrastructure projects, I believe this is the best way to help the Macedonian industry and construction sector", underlined Stavreski.

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