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The Government of the Republic of Serbia

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Belgrade declared city with greatest economic potential in region

Belgrade, 2 June 2022

The government of the Republic of Serbia announced that Belgrade has been declared the city with the greatest economic potential in the competition of the 100 largest cities in the so-called region of "Emerging Europe", and the capital of Serbia received this recognition for the second year in a row.

The region "Emerging Europe" includes 23 economies of Central, Eastern, Southeast Europe and the South Caucasus, of which 11 are members of the European Union (Estonia, Latvia, Lithuania, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia).

“Emerging Europe” is a London-based organization that aims to promote the potential of emerging countries.

The council includes prominent European leaders – former European Commissioner for Enlargement, Vice President of the European Commission and Commissioner for Enterprise and Industry Gunter Verheugen, former Prime Minister and Minister of Economy of Moldova Ion Sturza, former Bulgarian President Rosen Plevneliev, former Deputy Prime Minister and Minister of Finance, Deputy Prime Minister for Economy and Minister of Privatisation of Slovakia Ivan Miklos, NATO Deputy Secretary General Mircea Geoană and others.

This year, Belgrade is also the third in the number of talents, while in 2021 it was in the fifth place.

Prague, the capital of the Czech Republic, has been named the city with the best business environment for 2022.

The complete report for 2022 will be available to the public soon.

The jury, which decided on the ranking of cities, consists of more than 100 global experts on foreign direct investment (FDI), site selection advisers and location analysts.

During 2021, they analysed 100 cities in Europe with a population of over 200,000, as well as two capitals in the region, where the population is below 200,000.

This result is just another confirmation of how much Serbia has improved its business climate and how much all the reforms that the government of the Republic of Serbia is implementing are not going unnoticed in the world.

It is expected that such recognitions will greatly contribute to the additional attraction of foreign investors, given that such references are an important factor in their decision on potential investments.

An award ceremony will be held on 23 June in Brussels as part of the "Emerging Europe" summit. "The future of Europe on the rise in 2022" is the fifth edition of the awards that shows the best from the region: individuals, public and private organisations, as well as projects and initiatives.

This year, three programmes from Serbia entered the finals: "My First Salary", "Digital Expedition" and "Unbreakable".