Belgrade, Dec. 7, 2009 (Source: Serbia Today) Serbian PM Mirko Cvetković said a Russian loan of 200 million dollars for the budget has been agreed upon, but not formalized yet.
The interest will be around 3.6%, the second lowest after the one from the World Bank or the EU, he told Novosti.
The public debt forms 31.6% of the GDP and includes old foreign currency savings, so the state debt to foreign creditors actually amounts to some 20% GDP. The total foreign debt is 72.2% of the GDP, as it includes debts of Serbian firms with foreign creditors.
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