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The Government of the Republic of Serbia

In the service of citizens

Measures for attracting foreign investments raised industrial growth

Belgrade, 19 January 2023

Prime Minister Ana Brnabic presided today over the session of the Council for the Coordination of Activities and Measures for the Growth of the Gross Domestic Product (GDP), where the results achieved in the previous year were analysed in all areas important for the stability of the Serbian economy and sustainable economic growth.

The Prime Minister assessed that a detailed summarisation of the results from the year behind us is important in order to assess the current state of the economy and react in a timely manner, bearing in mind the unfavourable economic trends in the world.

At the session, it was said that good results were achieved in the field of tourism, information technologies and services in the previous year, with a significant share in the gross domestic product, as well as that the measures taken to attract direct foreign investments raised industrial growth.

When it comes to agricultural production, it was pointed out that it is necessary to take additional protection measures against natural disasters, first of all to strengthen hail defences, bearing in mind the increasingly frequent dry years and natural disasters as a consequence of pronounced climate changes.

As it was concluded, in the coming period it is necessary to further develop the field of construction, primarily by further attracting foreign investments, and a special emphasis will be on finding new markets for the export of domestic products.