Borba, Aug 26, 1997, page 6

BORBA

YUGOSLAV DEPUTY PRIME MINISTER DANKO DJUNIC ABOU? COMPULSORY MULTILATERAL COMPENSATION

Pamping of New Fund

| NORRARIBETOJIM BORBA IN ENGLISH

SPS MAIN BOARD VICE-PRESIDENT AND PRESIDENTIAL CANDIDATE ZORAN LILIC SPOKE ON MT. FRUSKA GORA |

Serbia Wil| Become Model Counthy in Europe

COMMISSION

Letenka, - No matter how much effort and perseverance it will take, Serbia, as part of Yugoslavia, will become a model country in Europe, a foreign businessmen's reliable partner and international community's appreciated collocutor, said Socialist Party of Serbia (SPS) main board Vice-President and presidential candidate Zoran Lilic on Sunday. Addressing a gathering of several thousand people in Letenka on Mt. Fruska Gora on the occasion of the 55th anniversary of a major German and Ustasha offensive against Partisan troops on Mt. Fruska Gora. Lilic said that conditions for this had been created primarily thanks to a persistent and principled policy, whose foundations had been laid by Yugoslav President Slobodan Milosevic.

We have faced a difficult task of saving the country from a war devastation, to save the lives of our citizens, to assist our brethren, to take care of all those who have been forced to leave the land of their greatgrandfathers and to save Serbia and the Federal Republic of Yugoslavia, and today, we PL freely say that we have succeeded, Lilic said.

The SPS will firmly oppose all those who

operations as required by the world market, he said.

We shall oppose them also through the development of democracy and the state governed by law in which only those who disobey the Constitution and the rules of generally accepted social conduct and morals Will not feel good, said Lilic.

Lilic wared against a danger of different kinds of extreme nationalism and separatism, and said that no *small principalities for even smaller princes” would be created in Serbia.

We shall not allow anyone to do so, because, What sort of a state would this be and what economic and political power, and how big a market would it represent in the unifying: Europe and the world increasingly linked and highly interdependent, Lilic said.

Because of all this and in the interest of all the citizens, i may freely say that we shall not give an inch of Serbia, he said.

It is our responsibility to the coming generations and to the future of this country to create conditions for every citizen to freely express national, religious, cultural and language characteristics and develop as a free and equally-treated personality.

Lilic singled out Slobodan Milosevic's

For the state governed by law: Zoran Lilic

doubt that Serbia will become a model country in Europe, primarily through good development projects, which are already being implemented, and through efficient business

LECT

Access to All the Documents

| Belgrade, - A working mee_ting of the Serbian electoral | commission and officials of the | Organization for Security and _ Cooperation in Europe (OSCE) _ was held at the Serbian parlia_ ment of Friday, the Serbian elec_ toral commission said in a state-

i ment.

_ „The OSCE officials are _visi| ting Serbia to make the necesi. sary preparations for the presen-

AMBASSADOR EIDE AFTER HIS VISIT TO YUGOSLAVIA Consistent implementation of Obligations

Belgrade, - Spokesman for the Organization for Security and Cooperation in Europe chairman Vigleik Eide on Friday praised Yugoslavia's results in the implementation of an agreement on subregional arms control.

Speaking after a sevecral-day visit to Yugoslavia, Eide told Tanjug that the Yugoslav side had carried out its obligations in a highly professional way which guaranteed that the second phase of the agreement would be realized by the end of Octobar as planned.

Eide said that the other signatories to the agreement - Croatia and Bosnia-Herzegovina and its entities, the Muslim-Croat federation and the Republika Srpska - consistently fulfilled their obligations.

According to him, the implementation of the agreement would help restore confidence and improve understanding both among the signatories and in the region.

Eide headed a delegation of the OSCE consultative commission for the subregpional arms control, which visited Yugoslavia at the invitation of the Yugoslav government's commission for the implementation of the agrecment. The delegation held searate meetings with ugoslav Defence Mini-

ster Pavle Bulatovic, Foreign Minister Milan Milutinovic and Chief of General Staff Gen. Momcilo Perisic.

The commission also visited the centre wherč the agreement is being carried.out in practice.

ber.

in Serbia.

ce of international monitors at republican presidential and parliamentary elections in Septem-

Head of the electoral commission Balsa Govedarica and other commission members informed the OSCE officials about election laws and regulations and the organization of elections

The commissiton informed the

OSCE officials also about the readiness of all 29 Serbian constituencies to help them carry out their mission through daily con

tacts with them.

International monitors will ha ve access to ali election docu ments and polling stations and will be allowed to monitor the

activity of all. electoral! commit

tees, the statement said.

MONTENEGRIN PRESIDENT MOMIR BULATOVIC

Reguest for Parliament Emergency Session

According to Article 71 of the parliament's rules of procedure, Bulatovic said the session should be scheduled for September 2

Podgorica, - Montenegrin President. Momir Bulatovic on Saturday sent an official request to Montenegrin parliament Speaker Svetozar Marovic to call an emergency session to decide on a proposal of a decision on shortening the parliamen-

year.

The letter said the

expire on December 9097.

According to Article 71

of the parliament's rules

1 mandate, which Wwoi: | 314

of procedure, Bulatovic said the session should be scheduled for September 2, extending continuously for the following few days until the proposal has been decided upon. The proposal will be the only ıtem on the agenda of the coming emergency session of the Montenegrin parliament. Under the rules of procedure, an ecmergency,

OSCE Will Supervis October 5 Electio

_ Podgorica,- The Organization for securi Cooperation in Europe (OSCE) on Frid:

sary preparations.,

session must be scheduled within the deadline and should contain an agenda determined by the president of the Republic.

The passing of the decision on shortening the parliamentary mandate which at the same time implies a calling of early parliamentary, elections,

suits all parliamentary parties in Montenegro because it reflects the only democratic way out of a time-consuming state and political crisis.

Under the provisions of the Republican law on election of council and parliament members, the president of the Republic 15 to call early parliamentary elections within seven days after the parliament's shortened mandate expires and the elections are to be held within a deadlime not shorter than 60

days and not longer than 100 days since the date of their calling. According to this calculation, the parliamentary elections would be held in the period between March 8 and April 17, 1998. :

In addition to his request for an emergency parliament session, on September 2, Bulatovic also sent the proposal of the decision on shortening the parliamentary mandate that should expire December 31 i

A special article of this decision says that until its

· mandate expires, the par-

liament will pass acts to secure free elections and an equal position of all parties submitting election lists, especially acts regulating a funding of parties in the election campa-– ign,. public information rules of media presentation and control of the implementation of these rules, electoral registers and regularity of ballots and election results.

The explanation to the proposal of this decision says that the constitutional basis for its passing lies in Paragraph 3, Article 78 of the Montenegrin Constitution, according to which the parliamentary mandate can be shortened at the proposal of at least 25 parliament members, the government or the president of the Republic.

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election as head of the Yugoslav state and its powerful and united member-republics of Serbia and Montenegro as the most important guarantee for achieving all these goals.

SPS REPRESENTATIVES RECEIVED OSCE DELEGATION Objectively about Elections

Belgrade, – Socialist Party of Serbia (SPS) executive council memebers, Goran Percevic, Zeljko Simic and Ivica Dacic, received Saturday a dele-

ation of the Organization or Security and Cooperation in Europe (OSCE), within preparations for

“the: arrival! of OSCE ob-

Servers at the upcoming presidential and parliamentarian elections in Serbia, the SPS information service said.

SPS representatives pointed out in talks with OSCE delegation members that all necessary prerequisites had been secured for the holding of free, democratic and fair elections in Serbia.

Hope was expressed that OSCE observers, just as all other foreign observers, Will perform their mission in an objective and impartial manner, the statement said.

info fhe Economy)

Belgrade, - The introduction-of Compulsory Multilateral: Compensation (CMC) into the existing system of payments ın the country is a preventive measure of the current economic policy introduced by the federal government to reduce insolvency in the economy, banking and public spending and control growing financial non-discipline, Yugoslav Deputy Premier Danko Djunic said on Friday.

Compulsory debt clearance was also nećessary to give more Weight to the effect of pumping new funds into the country's economy, Djunic told a press conference in Belgrade.

In the first half of the year, more than 37,000 legal entities, with over a million employees, had blocked accounts with the Yugoslav National Bank because of aftrears, with the dominant num-

ber of insolvents – 35.000 with 950.000.

employees in the economy.

A total of 80.179 legal entities have registered for the first CMC cycle of the six planned for this year, and 5.8 billion dinars in debts have been cleared of the registered amount of 47.5 billion dinars (1 U.S. dollar = 6 dinars).

Also, 12.3 percent of the total registered debts were compensated for or 14.7 percent of debts that can be cleared without additional engagement of money, the domestic resource most in hard sup-

ly. Most ofthe compensated mass Was in the economy - 3.1 billion dinars, or 10.8 percent of the registered debts, or 12.9 percent of the sum to be compensated.

Public spending took part in compensation for the first time, so that budgets of state organs and organizations cleared 1.2 billion dinars, and funds about a billion dinars.

Djunic said only debts and outstandings were being cleared, and not giro accounts, which means that no-one's fund can be blocked.

This was a specific test to See that there was no risk involved, said Nesic who is the Director General of the De. partment for Accounts and Payments of the Yugoslav National Bank.

Nesic said he hoped more banks wo. uld take part in the next cycle set fo Aug. 25, and with more funds, „especj. ally following a meeting on this Issue

O OTASO

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CMC to reduce insolvency in the economy, banking and.pul li; pondine: ER.K.5 Deputy Prime Minister Danko Djunic

between the federal government and the department, and bankers.

Deputy Premier Djunic was asked about possible progress in the negotiations with the London Club.

Contacts with the club have been ona permanent basis since four months ago, when the federal government announced it would work on normalizing relations with international financial institutions, he said.

*We are in permanent contact, but there is no reason at present to address the public”, he said.

Djunic was also asked about the

The possibility of multiplied debt cle: isperiding of funds:secured through sales

arance in additional compensation is increased with additional bank funds, because this further increases the amount of cleared debts.

The respective bank, provided it is solvent, decides about the engagement and amount of these funds independently, he said.

“These are credit neutral funds, which the bank definitely gets back with interest, with the full circle being closed in some 20 minutes”. Yugoslav National Bank senior executive Zivko Nesic told the press.

In spite of this, banks were very cautious in engaging their funds in the first cycle, so that only Vojvodjanska Banka, Beogradska Banka, and·Beobanka invested about 69.000 dinars in credits for debt clearance.

GERMAN FOREIGN MINISTER KLAUS KINKEL ABOUT DEVELOPMENTS IN REPUBLIKA SRPSKA

To Prevent Furt

E MAMANAOUL UA

her Escalation of Conflict

of Telecom, but'he said this Was Within the jurisdiction of the Serbian republican government, not the federal.

Djunic said he was confident the funds distributed bv the Serbian Development Fund had been used CorrčCiTJ "The effects of this investment shot' will be felt already in the third, and especialKi the fourth quarter of the year, he said.

The funds have gone into profitable export programmes according to strict criteria, and there is doubt as to the obligation to return these credits, Djunic said.

“Regarding part of the funds which the state spent on covering. deficits in funds, I do not see anything bad in the state paying its debts to critizens by selling part of its property”, Djunic said.

CAR MANUFACTURER ZASTAVA OF KRAGUJEVAC

Return to Polish Market

Warsaw, – Zastava of Kragujevac will resume deliveries of Yugos to the Polish market, where they will be assembled by the Lodz company Damis Motors.

The first Yugos as; sembled in Lodz have already received Polish ·certificates. _ Poles will be able to

Elections – the only way out of the crisis: Bonn

Bonn, - German Foreign Minister Klaus Kinkel, commenting on the deterioration of a rift in the Republika Srpska leadership, on Saturday warned the two opposing sides to prevent a further esca– lation and isolation of the Serb entity in Bosnia-Herzegovina.

Kinkel quoted conclusions from recent Vienna sessions of the Contact Group for Bosnia and the Organization for Security and Cooperation in Europe (OSCE) as saying that a prompt holding, of elections offered the only way out and an end to the current rifts. He said only those who guaranteed the implementation ofthe Dayton peace accords would be given support.

Demis Motors director Tadeusz Gereluk has sa1d.

In a statement tO

German press on Saturday analvzed the role of de Republika Šrbaka ej in settling the power crisis in the Serb entity estimating that it was highly unlikely that officers would become involved in the current rift. A commentator of the Bonn daily Die Welt said that Muslims and Croats alone would benefit in case of an inter-Serb conflict,

_ The current rift in the Serb leadership in Bosnia-Herzegovina prompted a Trieringer Allgemeine paper to call in its comment for a delay of the scheduled ending S the peace-making mission in Bo-

-Iierzegovina. The paper sai

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