Serbia's new government to overhaul economy

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Associated Press

Posted on April 27, 2014 at 8:30 AM

Updated Sunday, Apr 27 at 9:01 AM

BELGRADE, Serbia (AP) — Serbia's prime minister-designate has promised a total overhaul of the economy in the Balkan country that went through a decade of wars and international isolation in the 1990s, but is now seeking EU membership.

Aleksandar Vucic told the lawmakers Sunday that "you will sleep and eat here" in order to bring a set of reform laws that are necessary to introduce market reform. He says that "this is something that has been put off for too long."

Vucic's center-right government is expected to be voted into office later Sunday. His Serbian Progressive Party has won an absolute majority of 158 seats in the 250-member assembly in March 16 elections. Vucic says changes will include cuts in the public sector, budget revision and privatization of some state-run companies.

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