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The Government of the Republic of Serbia

In the service of citizens

Serbia best in region in attracting investment

Belgrade, 31 January 2018

Prime Minister Ana Brnabic today assessed that our country is the most successful country in this part of Europe when it comes to attracting foreign investment and announced the continuation of work on further strengthening of small and medium enterprises.

Addressing the participants at the opening of the EU-Serbia 2018: Investment, Growth and Job Creation Business Conference, Brnabic recalled that Serbia's priorities are attracting foreign investment, entering the EU and the innovation based economy.

She pointed out that the European Union is by far the most important trade partner of all countries in the Balkans, pointing out that Serbia's trade with the EU has increased by 47% in the last five years, while Serbia's exports to the EU have increased by 80%.

According to Brnabic, investors are looking for markets that have growth potential, stable business conditions and stable finances.

She pointed out that Serbia is an attractive investment country, because it is on the right track after the implementation of difficult reforms.

We managed to achieve economic growth in spite of fiscal consolidation, so we ended the year with surplus in the budget, the public debt was reduced, the eighth revision of the arrangement with the IMF was successfully completed, and the prestigious Fitch and S & P raised the credit rating of Serbia, Brnabic recalled.

The Prime Minister said that Serbia has progressed on the World Bank's "Doing Business" list and now occupies 43rd place, noting that the greatest progress has been made in the process of issuing construction permits, while at the moment it is working to improve the cadastre and on other reforms.

Employment is crucial for greater economic progress of the entire region, Brnabic stated and pointed out that reforms and economic growth nevertheless resulted in an increase in employment, a reduction in poverty and an increase in the purchasing power of citizens with the lowest incomes.