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World Bank's report to spur foreign investment
Belgrade,
14 September 2005
Serbian Minister of International Economic Relations Milan Parivodic said today that the World Bank's newly released annual report, which described Serbia-Montenegro as the leader in reforms and improvement of investment climate, could increase the inflow of foreign direct investment by around €500 million in the upcoming period, while that figure could reach €2.5 billion next year.
Parivodic said in a written statement that that may be the beginning of the "investment boom" he announced two months ago would begin in September.
The Serbian government's inter-ministerial body, the Commission for Foreign Investment, chaired by Minister Parivodic represents a very strong and coordinated reform mechanism that works on the basis of a precisely defined reform strategy. This Commission will continue with the reform of the remaining "bottlenecks" in the business legislation, it is said in the minister's statement.
The Serbian government's inter-ministerial body, the Commission for Foreign Investment, chaired by Minister Parivodic represents a very strong and coordinated reform mechanism that works on the basis of a precisely defined reform strategy. This Commission will continue with the reform of the remaining "bottlenecks" in the business legislation, it is said in the minister's statement.
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