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Parivodic invites Israeli investors to Serbia
Belgrade,
24 May 2005
Serbian Minister of International Economic Relations Milan Parivodic stated today that investors who decide to invest €10 million in fixed assets and open new jobs in Serbia will be exempt from paying taxes for ten years.
At the Serbia-Israel Business Forum held in the Serbian Chamber of Commerce, Parivodic addressed an invitation to Israeli investors to come to Serbia, specifying that they can invest in the banking sector, energy, insurance, food production, agriculture, construction works and others.
He reminded that macroeconomic stability in Serbia has improved and that the government has taken upon itself to reduce inflation by the end of the year from last year’s 13 percent to 10 percent.
The Minister also said that Serbia has a solid banking system, strongly supported and secured by the central bank, and that the London and Paris creditor clubs have written-off a large part of the Serbian debt.
Parivodic emphasised that Serbia has a work force that is the best in the region, and very skilled engineers, so those who decide to invest in this country can save because they don’t need to hire foreign experts.
He reminded that macroeconomic stability in Serbia has improved and that the government has taken upon itself to reduce inflation by the end of the year from last year’s 13 percent to 10 percent.
The Minister also said that Serbia has a solid banking system, strongly supported and secured by the central bank, and that the London and Paris creditor clubs have written-off a large part of the Serbian debt.
Parivodic emphasised that Serbia has a work force that is the best in the region, and very skilled engineers, so those who decide to invest in this country can save because they don’t need to hire foreign experts.
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