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A:
Serbia expects greenfield investment in 2004
Belgrade,
31 May 2004
According to the World Bank estimates, Serbia will attract €400 million in foreign investment this year, Serbian Minister of International Economic Relations Predrag Bubalo told Belgrade daily Blic today, adding that he expects the country to attract greenfield investment in 2004.
Predrag Bubalo
Privatisation receipts made up the bulk of foreign investment over the past two years, the Minister said. In 2003, Serbia attracted over €1 billion in foreign investment, he said, noting that sell-off revenues are poised to drop as the privatisation process draws to an end.
However, the country is expected to attract greenfield investment in 2004, Bubalo went on to say, recalling that Ball Packaging Europe has recently launched the construction of a €75 million beverage can plant in Zemun.
In order to sign a textile export accord with the European Union, Serbia must resolve its sugar export problems, said Bubalo commenting on speculation that the EU will not sign a textile accord with Serbia-Montenegro due to the state union’s illegal sugar exports.
The two sides are due to meet in Brussels on June 10 and 11 to resume textile export negotiations aimed at scrapping quotas for Serbia-Montenegrin textile and clothes, the Minister said.
However, the country is expected to attract greenfield investment in 2004, Bubalo went on to say, recalling that Ball Packaging Europe has recently launched the construction of a €75 million beverage can plant in Zemun.
In order to sign a textile export accord with the European Union, Serbia must resolve its sugar export problems, said Bubalo commenting on speculation that the EU will not sign a textile accord with Serbia-Montenegro due to the state union’s illegal sugar exports.
The two sides are due to meet in Brussels on June 10 and 11 to resume textile export negotiations aimed at scrapping quotas for Serbia-Montenegrin textile and clothes, the Minister said.
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