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The Government of the Republic of Serbia

In the service of citizens

International recognition to investment in Serbia

Belgrade, 26 June 2006

The Serbian Investment Promotion Agency (SIEPA) has stated today that the Organisation for European Cooperation and Development (OECD) in Vienna awarded “Best International Investor” award to the Airport City Belgrade (ACB). Also winners were ComTrade Group and Banca Intesa.

This award is granted every year to foreign investors in Southeast European countries, SIEPA said noting that ACB was pronounced the best greenfield investment in the region. ComTrade Group won in the category of the most innovative investor in the region while Banca Intesa won the award for the best investment in Serbia.

The biggest recognition for Serbia’s investment potential is that for the third year in a row it won the best greenfield investment in the whole region (Ball Packaging Europe in 2004, METRO in 2005 and ACB this year).

ACB is a joint investment by Africa Israel Group and Tidhar Group Ltd. from Israel and is the first business park in Serbia that will offer the best business area in the country, the convenience of world class standards, all follow-up facilities, full infrastructure, a car park, etc.

The acquisition by Banca Intesa is the largest financial investment in the banking sector, but also generally the biggest foreign investment in Serbia last year. Although this was its first year in the Serbian market, Banca Intesa recorded high lending and deposit activity, which is the result of a constant increase in the number of clients in Serbia.

The award granted to ComTrade Group is particularly important, SIEPA said in the statement noting that this leading IT company in the region got recognition for software it developed for the needs of the Serbian Corporate Register Agency.

The International Investor of the Year is an event that offers a unique opportunity to present the most successful examples of international investment in Southeastern Europe, which contributes to a positive business image of the whole region In the past three years Serbia has held a leading position in that regard.