Serbian Govt Approves USD 1B UAE Loan
The government of Serbia approved unanimously the USD 1B loan from the United Arab Emirates late on Wednesday.
Owing to the loan, Serbia will save USD 40M annually, or approximately USD 400M over the period of ten years, Finance Minister Lazar Krstic pointed out, Serbian Tanjug reports.
The loan carries an interest rate of 2%, its repayment begins six months from the date of withdrawal and the grace period for principal repayment is ten years.
The money will be transferred to Serbia after the Serbian parliament ratifies the loan arrangement, probably at the beginning of the second quarter of 2014, Tanjug informs.
The loan arrangement with the UAE will enable Serbia to save around EUR 300M, Serbian First Deputy Prime Minister Aleksandar Vucic has said, noting that he expects at least part of the loan to be invested into production.
Finance Minister Krstic said that the best options for using the loan are being discussed, with particular consideration of refinancing some of the expensive loans, or at least repaying the principal of the loans.
- » Russia Suspends Its Participation in PACE Until End of Year
- » EP's Schulz Criticises Tsipras of Splitting Common EU Stance on Russia
- » EU Foreign Ministers to Discuss Further Sanctions Against Russia
- » New Greek Govt Objects to EU Call for Further Sanctions on Russia
- » Gazprom Plans to Start Pumping Gas to Turkey via New Pipeline in Dec 2016
- » SYRIZA Determined to Seek Renegotiation of Greek Debt
Hello every one please i will like to talk about the goodness of GOD in my life after so many months of trying to get a loan on the internet and was scammed the sum of $3,800 i became so desperate in getting a loan from a legit lender online then a friend told me that there is a legit loan company where he got his loan fast and easy without any stress so he introduced me to a woman called Mrs randy who is the CEO doris FINANCE LOAN COMPANY, So i applied for a loan sum of ($60,000.00) with low interest rate so the loan was approved and deposited into my bank account that was how i was able to get my loan, so i was able to pay off my bills. i am advising every one who is interested in getting a loan fast and easy to kindly contact them via email:email@example.com as well, So thanks as you read the greatest testimony of my life story and thanks be to GOD almighty for his goodness upon my life.I am Marian mark by name. EMAIL : WALKINTON@BLUMAIL.ORG