Serbian president says special law to solve problem of Swiss Franc mortgages

Serbian president says special law to solve problem of Swiss Franc mortgages

Serbian president says special law to solve problem of Swiss Franc mortgages Izvor: Tanjug/Dimitrije Goll

Serbian President Aleksandar Vucic on Friday announced the introduction of a special law to solve the problem of mortgages indexed in Swiss Francs.

  The Beta news agency reported him as saying that the law would be adopted in the next few days or weeks. “Most of the burden will be bourne by banks but the state will take a part of it,” Vucic said.

Speaking after a meeting with representatives of an association of people with mortgages in Swiss Francs, the president said that “we should not forget that the irresponsible representatives of the authorities are to blame for the situation these people are facing”.

“Significant progress has been made with the full support and diligent efforts of the Finance Ministry, National Bank of Serbia (NBS) and CHF Serbia Association of mortgage holders and a final solution to the problem is closer,” a statement quoted him as saying.

Members of the CHF Serbia Association protested in front of the country’s top appeals court demanding a ruling to solve the problem last week when Vucic came to see them and promise efforts to find a solution.

Some holders of mortgages indexed in Swiss Francs have had their homes seized because they were unable to meet payments when the exchange rate changed.

Comments (0)

Comment sent successfully.

Comment sending failed.

Invalid CAPTCHA

* All fields are required

MOST POPULAR

READ MORE

NEWS

NEWS

Post Office strikers unhappy over deal with Serbian government 11:40 h

11:40 h  |  NEWS

NEWS

NEWS

BBC, Sky veterans joining N1 editorial board 11:04 h

11:04 h  |  NEWS

NEWS

NEWS

Third round of EP-mediated talks on election conditions begins 10:54 h

10:54 h  |  NEWS

NEWS

NEWS

Media Coalition submits demands to Serbia’s PM to improve media scene 12.12.2019.

12.12.2019.  |  NEWS

NEWS

NEWS

Bosnia's international administrator could impose ban on genocide denial 12.12.2019.

12.12.2019.  |  NEWS

NEWS

NEWS

Serbia's opposition says illusion ends, election boycott only option 12.12.2019.

12.12.2019.  |  NEWS

NEWS

NEWS

Russian gas to Serbia via Bulgaria in May next year 12.12.2019.

12.12.2019.  |  NEWS

NEWS

NEWS

Serbia’s opposition to block all entries to state TV for eight hours on Friday 12.12.2019.

12.12.2019.  |  NEWS

loader