Democratic Party: Serbia on Verge of Becoming  Economic Colony | Beta Briefing

Democratic Party: Serbia on Verge of Becoming  Economic Colony

Source: Beta
Archive / News | 20.10.23 | access_time 11:35

Democratic Party

The Democratic Party said on Oct. 20 that since 2012 Serbia had been positioned as a country of cheap labor where investors did not have to follow the laws, while Serbian President Aleksandar Vucic's statement that "Africa and Asia are our future" was cheap demagogy.

"For the past 11 years, the regime has been leading a very nearsighted economic policy and it is unrealistic to expect those foreign investments, which he is proud of, to leave long-term positive consequences for the development of our country. While the arrival of foreign producers is subsidized, domestic companies are put out of business, even in branches of the economy that are not too technologically demanding, such as the textile and meat processing industries," the party said in a press release.

The Democrats believe that for that reason Serbia will not experience the effect that was crucial for progress in Central and Eastern European countries, as well as in some Asian countries, where the know-how brought by foreign investments spilled over into the rest of the economy.

The party pointed out that after the end of subsidized operations, many factories shut down their production facilities in Serbia.

"We are witnesses to the fact that China itself, with which we are currently 'arranging' a new trade package, has exported many 'dirty' technologies to our country which it has simultaneously banned at home. So we have the Linglong corporation in Zrenjanin, while the harmfulness of waste matter in the case of the Smederevo steel mill has not been checked for a long time," said the Democratic Party.

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