Q:
A:
Realisation of first large investment in financial services sector underway
Belgrade,
15 September 2006
Director of the Serbian Investment and Export Promotion Agency (SIEPA) Jasna Matic said that Baufinanzirung-Bayern has made a large investment in the financial services sector in Serbia, which will provide employment of young people in processing mortgage loans for markets of Germany, Austria and Switzerland.
Matic told a press conference that this investment will allow export of services from Serbia and will represent a first step in harmonising the Serbian economic structure with those of European countries.
She explained that this clearly shows that the Serbian workforce and infrastructure can be competitive on the global services market.
Matic expressed satisfaction with SIEPA being present from the very launch of this investment and noted that the use of modern communications such as VoiP and SkyP will make it possible for Serbia to become part of the global services industry.
Director of Comal Oliver Muller explained that German credit company Baufinanzirung-Bayern from Munich opened Comal's branch in Serbia, which will deal with giving earmarked credits for purchase of real estate to citizens from the German speaking countries - Austria, Germany and Switzerland.
Muller said that Serbia has an excellent and very motivated workforce, which was the main reason why Baufinanzirung-Bayern moved part of its business operations to Serbia.
He said that an agency offering marketing services is the first that has started working. The plan is to employ 50 workers by the end of this year and 150 by the end of the next, who will receive salaries according to German standards.
The company's specific quality is that it carries out all activities prior to the signing of the agreement by phone or via the Internet, with the help of modern communication systems, Muller said. He added that Baufinanzirung-Bayern issued 360 loans last year, worth €43 million, on the markets of Germany, Austria and Switzerland.
According to him, the company also intensively cooperates with constructors and real estate agencies.
She explained that this clearly shows that the Serbian workforce and infrastructure can be competitive on the global services market.
Matic expressed satisfaction with SIEPA being present from the very launch of this investment and noted that the use of modern communications such as VoiP and SkyP will make it possible for Serbia to become part of the global services industry.
Director of Comal Oliver Muller explained that German credit company Baufinanzirung-Bayern from Munich opened Comal's branch in Serbia, which will deal with giving earmarked credits for purchase of real estate to citizens from the German speaking countries - Austria, Germany and Switzerland.
Muller said that Serbia has an excellent and very motivated workforce, which was the main reason why Baufinanzirung-Bayern moved part of its business operations to Serbia.
He said that an agency offering marketing services is the first that has started working. The plan is to employ 50 workers by the end of this year and 150 by the end of the next, who will receive salaries according to German standards.
The company's specific quality is that it carries out all activities prior to the signing of the agreement by phone or via the Internet, with the help of modern communication systems, Muller said. He added that Baufinanzirung-Bayern issued 360 loans last year, worth €43 million, on the markets of Germany, Austria and Switzerland.
According to him, the company also intensively cooperates with constructors and real estate agencies.
-
Belgrade, 21 July 2025Construction of oil pipeline with Hungary to begin early next year
-
Belgrade/Athens, 17 July 2025Serbia continues to align with EU in field of energy
-
Kostolac, 14 July 2025First solar power plant Petka in Kostolac put into trial operation
-
Belgrade, 11 July 2025Potential for improving cooperation with Belarus in many areas
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS