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The Government of the Republic of Serbia

In the service of citizens

Serbia’s investment climate improves

Belgrade, 27 September 2005

Serbian Deputy Prime Minister Miroljub Labus said today at a press conference concerning the opening of the Microsoft’s Development Centre in Belgrade that this decision is proof of Serbia’s improved investment climate, that there are no obstacles for capital transfer, and that companies wanting to invest in export production are entering Serbia.

Author: Beta

Labus said that the Microsoft investment represents significant progress and is an example that Serbia does not, technologically speaking, come in last place. He also expressed satisfaction that this company recognised the quality and competence of Serbia’s younger workers, and Serbia’s market as a large potential and base for its investments.

The Deputy Prime Minister expressed conviction that such projects will contribute in stopping Serbia’s young and educated people from leaving the country, and that it will also enable those working abroad to return to Serbia where they will be able to apply their knowledge.

Microsoft’s development centre, opened today in Belgrade, is the fifth such centre in the world and will engage in the development of a programme which will recognise handwriting while entering text with a digital pencil on the computer monitor.

Attending the conference were Microsoft representatives in Belgrade, US Ambassador to Serbia-Montenegro Michael Polt and Serbian Minister of International Economic Relations Milan Parivodic.