Serbia to get USD 200 mln from Russia for its budget deficit

Serbian Prime Minister Mirko Cvetkovic announced that negotiations with Russia over some USD 200 million credit needed for the budget deficit have been finalized.

The interest rate is set at around 3.6%, respectively the average interest rate in US dollars is of 2.95%.

As PM Cvetjivoc said, this is the most profitable credit, except for those of the international financial institutions.

Serbia got EUR 100 million from the EU for its budget deficit, as half of the money should be taken by the end of the year, the prime minister said.

According to prognoses, Budget 2010 will have a deficit of EUR 107 billion.