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This is a very bad sign. People in Yugoslavia will soon find out, as people in Russia have, that American capitalism is not all it's cracked up to be! Barry Stoller wrote: > HTTP://WWW.STOPNATO.ORG.UK > --------------------------- > > AFP. 17 January 2002. Yugoslavia adopts new foreign investment law. > > BELGRADE -- The Yugoslav parliament adopted on Thursday a foreign > investment law aimed at attracting desperately needed funds to revive > the economy. > > The law facilitates foreign companies' operations in Yugoslavia, giving > them additional guarantees for their investments in the country. > > During the parliamentary debate, Yugoslav Deputy Prime Minister Miroljub > Labus said that Belgrade expected foreign investments to double this > year, promising that the new law would be "more liberal" and was > designed to "stimulate foreign investors," Tanjug news agency reported. > > Labus said that in 2001, since reformers took over from Milosevic, 1,319 > foreign companies with a total capital of 595 million German marks (304 > million euros, 268 million dollars) started operations in the country. > > The new law is a part of a package of economic reforms aimed at > liberalisation of the economy. > > The parliament of Serbia, the dominant republic of Yugoslavia, has > already adopted privatisation and labour law under a reform drive. > > Following the reformers rise to power in October 2000, the country's > total foreign debt has reached 12 billion dollars. > > This amount represents almost 140 percent of the gross domestic product > (GDP), a debt of more than 1,200 US dollars per citizen. > > Last November, the Paris Club of creditor nations decided to write off > 66 percent of almost 4.5 billion dollars in Yugoslavia's debt. > > Belgrade's package of reforms has won support within the international > community, and the first donors conference for Yugoslavia last June > attracted 1.3 billion dollars, of which 62 percent was in the form of > donations. > > . . . . . . . . . . . . . . . . . . . . . . . > > Barry Stoller > http://groups.yahoo.com/group/ProletarianNews > ==^================================================================ This email was sent to: archive@jab.org EASY UNSUBSCRIBE click here: http://topica.com/u/?a84x2u.a9WB2D Or send an email to: [EMAIL PROTECTED] T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^================================================================
