This makes Austria our second largest “customer”, after Germany, in the area of indirect supervision. At the same time, there are countries that have very few such institutions: Cyprus, for example, will have seven such institutions in the SSM. What does indirect supervision mean? Let me say a few words on what indirect supervision actually means.
Hence, pensions are paid out regularly and on time, new jobs are created (in the banking sector alone, the number of jobs is 50% higher than at the onset of transition), our citizens can take out mortgage loans, etc. In order to finance the current account deficit measuring 16% of GDP in 2007, Serbia needs foreign direct investments and fresh money.