Q:
A:
Labus calls on foreign investors to be bolder and invest more
Belgrade,
22 May 2005
Serbian Deputy Prime Minister Miroljub Labus said at Serbia-Montenegro’s promotion programme organised as part of the Business Forum of the European Bank for Reconstruction and Development (EBRD) that experiences of foreign investors in Serbia-Montenegro so far are good and called on them to be bolder and invest more in our country.
Miroljub Labus
Author:
FoNet
Labus announced the changes to the Serbian Constitution which will allow foreigners to purchase land in the country and stressed that privatisation tenders for telecommunications, energy and electrical companies will be announced by the end of June.
He recalled that a new Corporate Register Agency has been set up and that the procedure to found a company has been simplified and now lasts only several days.
Montenegrin Minister of Finance Igor Luksic presented investment opportunities in Montenegro, noting that priorities are tourism and infrastructure.
He explained that a company can be founded with one euro, a shareholding company with €25,000, while founding a bank demands €5 million.
General Manager of cement company Lafarge George Bobvos said that business reality in Serbia is much better than media present it and expressed his satisfaction with the results his company achieved on the market.
Executive Director of mobile operator Telenor in Montenegro Ivan Sliper spoke about positive investment experience in Montenegro, where his company has 280,000 mobile number users.
EBRD President Jean Lemierre said that this institution has invested over €800 million in Serbia-Montenegro in the past five years and described EBRD’s experience in Serbia-Montenegro as very positive, stressing that investment risk is much lower than usually perceived.
He recalled that a new Corporate Register Agency has been set up and that the procedure to found a company has been simplified and now lasts only several days.
Montenegrin Minister of Finance Igor Luksic presented investment opportunities in Montenegro, noting that priorities are tourism and infrastructure.
He explained that a company can be founded with one euro, a shareholding company with €25,000, while founding a bank demands €5 million.
General Manager of cement company Lafarge George Bobvos said that business reality in Serbia is much better than media present it and expressed his satisfaction with the results his company achieved on the market.
Executive Director of mobile operator Telenor in Montenegro Ivan Sliper spoke about positive investment experience in Montenegro, where his company has 280,000 mobile number users.
EBRD President Jean Lemierre said that this institution has invested over €800 million in Serbia-Montenegro in the past five years and described EBRD’s experience in Serbia-Montenegro as very positive, stressing that investment risk is much lower than usually perceived.
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