Q:
A:
Japanese investors eye Serbian market
Belgrade,
27 April 2004
Japan Bank for International Cooperation (JBIC) official Takashi Hongo said today that Japanese businessmen are interested in investing in Serbia and called on the two countries to expand business cooperation.
Author:
Beta
Addressing a seminar on Serbia’s investment climate, held at the Serbian Chamber of Commerce (PKS) today, Hongo said that cheap labour force and close links with European Union countries give Serbia a competitive edge over other countries in the region.
The volume of Japanese investment in central European countries, such as the Czech Republic, Poland and Hungary, is constantly growing, said Hongo, adding that Japanese companies are interested in Serbia’s investment potential.
Serbian Investment and Export Promotion Agency (SIEPA) Director Jasna Matic urged potential Japanese investors to make use of Serbia’s low production cost and highly trained work force to enter the country’s market. A free trade agreement between Serbia-Montenegro and Russia will also help Japanese companies sell their products in the Russian market, Matic added.
According to Matic, Serbia also has the lowest corporate profit tax in the region, only 14 percent.
Also attending the seminar was National Bank of Serbia (NBS) Vice-Governor Dusan Stojanovic who recalled that the Serbian government has achieved macroeconomic stability and added that the positive results from the first quarter of the year are expected to pave the way for a further economic growth.
A Japanese business delegation, comprising officials from the automotive and electronics industries, media industry representatives and bankers, is on a three-day visit to Serbia to tour factories and local PKS offices in Kikinda and Subotica.
The volume of Japanese investment in central European countries, such as the Czech Republic, Poland and Hungary, is constantly growing, said Hongo, adding that Japanese companies are interested in Serbia’s investment potential.
Serbian Investment and Export Promotion Agency (SIEPA) Director Jasna Matic urged potential Japanese investors to make use of Serbia’s low production cost and highly trained work force to enter the country’s market. A free trade agreement between Serbia-Montenegro and Russia will also help Japanese companies sell their products in the Russian market, Matic added.
According to Matic, Serbia also has the lowest corporate profit tax in the region, only 14 percent.
Also attending the seminar was National Bank of Serbia (NBS) Vice-Governor Dusan Stojanovic who recalled that the Serbian government has achieved macroeconomic stability and added that the positive results from the first quarter of the year are expected to pave the way for a further economic growth.
A Japanese business delegation, comprising officials from the automotive and electronics industries, media industry representatives and bankers, is on a three-day visit to Serbia to tour factories and local PKS offices in Kikinda and Subotica.
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