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The Government of the Republic of Serbia

In the service of citizens

Capital projects presented to representatives of Bavaria

Belgrade, 15 March 2024

Deputy Prime Minister and Minister of Finance Sinisa Mali presented today capital projects to German officials at the Palace of Serbia, where President of the Republic of Serbia Aleksandar Vucic received Minister-President of Bavaria Markus Söder for a working visit.

Mali pointed out that all the economic policy moves of the government of Serbia so far have led to the achieved GDP in 2023 of €69.5 billion, while the plan is for it to reach €74.9 billion this year, so that by 2027 it reaches the level of approximately €92.7 billion.

Mali added that the public debt is at the level of 48.3% of GDP, with a tendency to decrease for four consecutive years.

The Deputy Prime Minister also pointed out that in 2023, Serbia attracted a record level of direct foreign investments worth €4.5 billion and that unemployment is currently at the level of 9.1%.

According to him, Serbia is one step away from the investment rating, and the four-year development programme worth €17.8 billion will bring an increase in the standard of living, acceleration of the modernisation of the country, further development of infrastructure, industrialisation and finally the successful holding of the International Specialised Exhibition EXPO in Belgrade in 2027.

He stated that during EXPO 2027, Serbia expects the representation of more than 100 countries in the new EXPO complex, a greenfield investment on 25 hectares, the construction of which has already begun.