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    erbia and Montenegro 3+ (scale 1-4)for its foreign trade policy,for the process of privatization of small en
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    During the 2003,socio-economic trends in Republic of Serbia and Montenegro were characterized by active role of Goverment to implement reforms,neccessary to step up transition process. According to the report of the European Bank for Reconstruction and Development (EBRD),Serbia and Montenegro recorded greater progress in implementation of reforms than the other 27 East European countries.In its report on transition,EBRD graded Serbia and Montenegro 3+ (scale 1-4)for its foreign trade policy,for the process of privatization of small ent
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    e of Goverment to implement reforms,neccessary to step up transition process. According to the report of the European Bank for Reconstruction and Development (EBRD),Serbia and Montenegro recorded greater progress in implementation of reforms than the other 27 East European countries.In its report on transition,EBRD graded Serbia and Montenegro 3+ (scale 1-4)for its foreign trade policy,for the process of privatization of small en
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    e European Bank for Reconstruction and Development (EBRD),Serbia and Montenegro recorded greater progress in implementation of reforms than the other 27 East European countries.In its report on transition,EBRD graded Serbia and Montenegro 3+ (scale 1-4)for its foreign trade policy,for the process of privatization of small en
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    implementation of reforms than the other 27 East European countries.In its report on transition,EBRD graded Serbia and Montenegro 3+ (scale 1-4)for its foreign trade policy,for the process of privatization of small en
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    erbia and Montenegro 3+ (scale 1-4)for its foreign trade policy,for the process of privatization of small enterprises and for price liberalization.

    The current state of global economy,especialy EU is that a stronger growth rate in global economy could not be expected till the end 2004. According to the Republic development Bureau,economic trends in Serbia in the first four months of 2003,are characterized by a slowdown in economic activity,however together with stabilization of price real increase in salaries and growth in foreign

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