s economic policy is appropriate. i would like to comment on the finding in your analysis, which says that health improvement and positive labour market trends also have a positive impact on people's satisfaction. since the 2006 report, serbia has had multiple investments and succeeded in joining the group of countries with the biggest increase in satisfaction with health. this was certainly achieved by significantly higher investments in the health system, not only in infrastructure and equipment, but in people as well, in their professional development and efforts to make their lifestyle better, which helped them stay in the country where they were educated. we see that not so long ago, there were problems in our labour market, as indicated by the above - mentioned unemployment rate, which exceeded 20 % in the years following the global financial crisis. we also see that through labour market reforms, coupled with a significantly improved and 2 / 4 bis - central bankers'speeches predictable business environment, we have managed to raise formal employment by around 20 % relative to 2014, or by around 400, 000 newly employed persons. simultaneously, the unemployment rate is currently trending close to the lowest level of 9 %. equally important, we have managed to increase employment of the vulnerable population groups. this means that in the past period we have made huge progress in the labour market, achieved a greater balance in labour force supply and demand, and secured highly qualified labour force, which is often highlighted by foreign investors and rating agencies. we now need to equip people for work with new technologies and green the jobs. another issue in this report is how the quality of life and housing impacts energy efficiency and harmful gas emissions. i do not know if the public is familiar with the fact that the ebrd is active precisely in this remit, through household loans for home renovation and increasing energy efficiency via credit lines to banks in serbia. at the same time, the national bank of serbia supports such projects with its instruments by exempting the funds on - lent by banks from loans from international financial organisations from the required reserves. ladies and gentlemen, esteemed colleagues, i have touched upon only a few aspects of the transition to a greener and more sustainable economy, and now i gladly pass the floor to the ebrd representatives to present the results of analyses and this report in more detail. allow me to once again reiterate that the macroeconomic, financial and relative exchange rate stability that we have secured for more than a decade are critical for the welfare of all market participants and represent a

, we are committed to playing our part and fulfilling our responsibilities, within our mandates, to support and contribute to a successful transition to net zero. with today ’ s announcement of the ngfs glasgow declaration – committed to action – our network of 100 central banks and supervisors is no longer just a coalition of the willing : we are a coalition of the committed. 1 ngfs ( 2019 ), a call for action : climate change as a source of financial risk, april. 2 reporting standards that are aligned with the recommendations issued by the task force on climate - related financial disclosures. 2 / 2 bis central bankers'speeches