The gravity of the burden which the economy will have to face due to coronavirus is obvious, particularly when judging by the experience of other countries. The negative consequences of the pandemic will continue even after it is over, which inevitably leads to the need for state intervention on the economic front. The only and best way for the Serbian economic system to emerge from this struggle as a winner is for the state to take over some of the burden caused by the crisis and thus provide relief to the economy.
In that sense, the Serbian authorities took their task seriously: a little more than two weeks after the declaration of the state of emergency, the Government announced the adoption of a new legal framework aimed at reviving the unstable economy, preventing unemployment growth and preserving companies most affected by the COVID-19 crisis. The Government of the Republic of Serbia is expected to adopt a Regulation in the next 10 days, whose implementation is planned to start in May.
The very content of the Regulation consists of the Program of Economic Measures, valued at over € 5 billion, and comprises of four sets of measures. We will briefly go over each set in the following lines.