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The Government of the Republic of Serbia

In the service of citizens

Serbia ready for new investments from Norway

Belgrade/Oslo, 22 November 2017

Prime Minister Ana Brnabic assessed today during the talks with Director of the Norwegian Employers' Confederation Kristin Skogen Lund in Oslo that the excellent political relations between the two countries are a potential for enhancing economic cooperation.

Brnabic said at a meeting with the head of the leading organization of Norwegian employers, which brings together small family businesses and large multinational companies, that the company Telenor with €2 billion is the biggest single investor in Serbia.

According to her, our goal is to present to Norwegian employers investment opportunities in Serbia in order to increase their investments.

Priorities in the government's work to date have been economic reforms, fiscal consolidation and macroeconomic stability. The previous and the current governments have made great strides in stabilizing the economy, and above all in improving the investment climate, as reflected in the indicators of reputable international institutions, the Prime Minister said.

Along with the improvement of the investment climate, the Serbian government is working on the introduction of e-government and digitization as a development opportunity for Serbia, the Prime Minister underlined, emphasising the importance of forming an Office for IT and e-Government, in order to introduce electronic management at full capacity.

In addition, the e-tax system has been introduced and the introduction of e-cadastre is underway, which will significantly increase the ease of doing business. The Serbian government is continuing to implement measures that can facilitate business and attract new investments.

Brnabic stressed that our country wants to organize next year a visit of Norwegian employers and potential investors to Serbia, in order to present opportunities for investment and to improve economic and economic cooperation.

In the conversation with Lund, the Prime Minister spoke specifically about reforms in the educational system in Serbia, which should facilitate the acquisition of new knowledge and skills that will prepare our younger generations for the labour market of the 21st century.

New knowledge, first of all in the field of IT and digitization, are necessary for an economy based on innovation and knowledge, as well as on the development of entrepreneurship, the Prime Minister underlined.

The Serbian government will continue to improve the legislative framework, and one of the priorities is the law on alternative investment funds, she pointed out, adding that the support to innovations and start up companies as well as creative industries - film, music, animation, is among the priorities of the government.