Signing the contract on the sale of the Smederevo steel mill will mean a further annual GDP growth of around 4.5 percent and all that has been done in this regard has paid off, Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic said on Monday.
“We will see how large the growth will be – around 4.5 percent a year, or perhaps more. This is hugely important because most economists had believed that the simple way to deal with the steel mill was to shut it down,” Ljajic told Pink.
All that had been done regarding the Smederevo steel mill has resulted in “a giant rising from its knees,” securing jobs and salaries for its employees and “offering prospects and a hope of prosperity” to the entire Serbian economy, he said.
Serbian Minister of Economy Zeljko Sertic and He Steel Chairman Yu Yong will sign the contract on Monday.
Source: Tanjug
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