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The Government of the Republic of Serbia

In the service of citizens

Great potential for strengthening economic cooperation between Serbia, Ohio

Belgrade, 7 September 2023

Deputy Prime Minister and Minister of Finance Sinisa Mali spoke today with a business delegation of the American state of Ohio, led by Director of the Ohio Department of Development Lydia Mihalik.

Mali informed his interlocutor about the economic successes of Serbia, pointing out that our country, despite all challenges, continues to progress and record good results.

He underlined that in the last ten years, Serbia has gone from a country that was on the verge of bankruptcy to the fact that in 2027 it will host the specialised international exhibition Expo 2027.

In the last decade, we have managed to double our GDP in absolute terms, reach a historically low unemployment rate and have record foreign direct investments. We are currently building nine highways, increasing salaries and pensions, and with all that, we are keeping the public debt under control, said the Deputy Prime Minister.

Mihalik congratulated Serbia on the excellent results it achieved and on the fact that Belgrade will host the Expo2027, and emphasised that she was impressed by the knowledge and desire to change something that she saw in her hosts at previous meetings in Belgrade.

According to her, the business delegation from Ohio will certainly return to Serbia, given that it sees great potential for close cooperation in our country.

Mihalik previously signed a memorandum of understanding and cooperation in the field of economic development with a representative of the Serbian Chamber of Commerce, with the aim of strengthening and improving economic ties between the two countries.

From 2020 to 2022, Serbian exports to Ohio increased by 100.5 percent, while in the same period, exports from Ohio to Serbia increased by 29 percent. The Ohio-Serbia State Partnership Programme was established in September 2006.