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The Government of the Republic of Serbia

In the service of citizens

Serbia needs more German investments

Belgrade/Berlin, 24 August 2014

Prime Minister Aleksandar Vucic, ahead of the Conference of Western Balkan countries in Berlin, called on German investors to increase their investment in Serbia.

Author: Tanjug

In an interview with German Focus, Vucic said that Serbia needs more German investments in the automotive and agricultural industry.

According to Vucic, the government of Serbia expects German Chancellor Merkel to help maintain the political and economic stability in the Western Balkans.

Regarding the conflict between Russia and the West over the Ukrainian crisis, Vucic said that Russia's leaders know that Serbia is on the EU path.

He reiterated that Serbia respects the territorial integrity of Ukraine, meaning that it considers Crimea to be a part of Ukraine.

Vucic also stressed that Serbia cannot join in the economic sanctions against Russia, due to the crisis it is facing.

We are dependent on the Russian gas, and our biggest taxpayer NIS is now majority-owned by a Russian company, Vucic explained.

Commenting on the agreement on the construction of South Stream pipeline, intended to connect Europe to Russia's gas supplies, Vucic said that it is a good deal for Serbia.

However, the project depends on the relations between Russia and the EU. The pipeline cannot be built without the approval of our European partners, underlined Vucic and noted that, based on the agreement, Serbian companies engaged in the pipeline construction would earn around €500 million.