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Serbia Agrees With Drugmakers, Wholesalers to Settle Debt

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Nov. 6 (Bloomberg) -- Serbia agreed with drugmakers and wholesalers to repay a 26 billion-dinar ($293 million) debt owed by state hospitals and the government-controlled health fund through 2015.

The state will assume 13 billion dinars in debt owed by state hospitals for drugs and other medical supplies as public debt and repay it “in nominal value, without interest, over the next three years, in equal quarterly installments,” the Finance Ministry said in an e-mailed statement today.

Serbia will also shorten payment deadlines for the state-owned Health Insurance Fund from 200 days to 150 days next year and then reduce it to 120 days in 2014 and 90 days in 2015.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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