Prime Minister Mirko Cvetkovic talked last Friday with representatives of the member companies of American Chamber of Commerce (AmCham) in Serbia on economic reforms planned for this and next year.

Cvetkovic announced at a business lunch at the Hyatt Regency hotel that the tender for sale of public telecommunications company Telekom Srbija will be called by the end of this month, while the buyer might be known by the end of the year.

He said that the transfer of ownership over Telekom Srbija from the postal company PTT to the state will most probably be completed next week.

Cvetkovic noted that the dinar has stabilised and that he does not expect further major weakening of the domestic currency.

Possible further devaluation of the dinar should be at the level of difference of inflation in Serbia and the euro zone, and weakening of the dinar was a consequence of the crisis and adjustments of exchange rate.

AmCham representatives expressed the willingness to continue to actively participate in improving the business environment in Serbia.

The officials expressed the need for accelerated implementation of measures adopted by the National Council on Competitiveness.

Representatives of AmCham pointed out that one of the main goals should be to simplify administrative procedures in order to provide investors a more efficient business and encourage further investment.

President of AmCham Board of Governors Skip Bornhuetter said that the regulatory framework still contains a number of barriers for further investment in various fields, citing the example of labour law and regulations governing the property market.

He expressed the hope that today's business meeting with the Prime Minister will lead to new investment and economic growth in the future.