Despite the expected contraction in export demand, some of the investments made and those underway in export-oriented industries, primarily automotive, will begin to reflect on output and export figures in this and the following year. However, the departure of the private owner of Smederevo Steel Factory signals muted prospects for the exports of base metals.
That’s why we established many safeguards and restrictions, particularly in our public sector purchase programme, to avoid interfering with fiscal and economic policy and providing monetary financing to governments.