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The Government of the Republic of Serbia

In the service of citizens

Japanese Bank for International Cooperation to promote Serbian economy in Japan

Belgrade, 23 May 2005

Serbian Deputy Prime Minister Miroljub Labus and delegation of the Japanese Bank for International Cooperation (JBIC), led by JBIC Vice Governor and Executive Director Koji Tanami, agreed today that the Annual Meeting of the European Bank for Reconstruction and Development (EBRD) in Belgrade is an excellent opportunity for potential investors and foreign companies to get informed about investment opportunities in Serbia.

The two officials noted that such meetings contribute significantly to changing Serbia’s image in the world and presenting the country as an attractive place for investment.

Labus presented his guests with stimulative tax system and valid free trade agreements signed with the Russian Federation and all countries in the regions as well as the possibilities of free export to EU countries.

Tanami said that Serbia may be seen as the door to the Russian, European and Balkan markets, noting that such position of the country is an important impetus and motive for luring Japanese companies and investors to invest in Serbia.

In that light, JBIC is ready to offer support to Japanese companies and provide soft investment loans, Tanami said and invited Labus to visit Japan.

The Serbian Investment and Export Promotion Agency (SIEPA) and JBIC will work jointly on the promotion of the Serbian economy to Japanese companies and investors, Labus and Tanami agreed.