"The EXPO in itself is not a bad project. The problem with the EXPO is that most of that money will end up in private pockets", believes the expert of the Vienna Institute for International Economic Studies Branimir Jovanović
Expert of the Vienna Institute for International Studies economic studies Branimir Jovanović stated that the exhibition EXPO it is not a bad project in itself and that public investments are always good, but that the problem with that international exhibition is that most of the money will end up in private pockets and that is the "price to be paid".
"Public investments are always good, but it is always just a problem of what price is paid for them. Even EXPO 2027. I am one of the few who say that EXPO is not a bad project in itself. The problem with EXPO is that it will most of that money ends up in private pockets. That's the price to be paid," Jovanovic told Forbes Serbia.
He assessed that "the main problem of those investments is corruption".
"Corruption cannot be eradicated, it still exists Austria. But it should be controlled. It's not necessary to say - EXPO is nonsense, but - don't steal so much. Corruption is, therefore, the first problem," Jovanović stressed.
He also pointed to another problem - large differences in the quality of infrastructure in Serbia.
"When you look at the infrastructure in Serbia, there are big differences. The highways are OK, but the rest of the infrastructure is desperate. Look at the railways, energy, utility infrastructure, low-grade roads...", said Jovanović.
As the third problem, Jovanović points out the quality of construction.
"It is useless to invest in infrastructure, if it is built without control and quality." The consequences can, as we saw in Novi Sad, be tragic", warned Jovanović for Forbes Serbia.
The reason for the discussion are the findings of the research on the convergence of Serbia and Western Balkans towards the standard of living Of the European Union which the Vienna Institute for International Economic Studies worked with local partners in six countries of the region.
Serbia is currently at 41,7 percent of the European Union average when it comes to living standards. It takes her 35 years to reach it. At the same time, the average salary may reach 26, but the growth of pensions at this pace - never. These are just some of the findings of the research on the convergence of Serbia and the Western Balkans towards the level of the EU standard of living, which the Vienna Institute for International Economic Studies conducted with local partners in six countries of the region.
Source: FoNet
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