Q:
A:
Over $3.5 bn in FDI expected by year's end
Belgrade,
21 September 2006
Serbian Minister of Finance Mladjan Dinkic said today that he expects foreign direct investment (FDI) in Serbia to exceed $3.5 billion by end-2006, as well as that GDP reaches $4,000 per capita.
Author:
FoNet
At a gathering themed "Serbia – Investment Location of the Future", organised by the Foreign Investors' Council (FIC), Dinkic pointed out that he expects an inflow of new foreign direct investment, as well as considerable investments from the budget surplus primarily in the energy sector, telecommunications and transport.
The Serbian government is interested in joint investments in electricity production, said Dinkic adding that new thermo and hydro capacities will be built. He also said he expects Serbia to become the regional leader in electricity export within five years.
Dinkic said that according to the World Bank's latest report on the position of the world economy, Serbia went 25 positions upwards and climbed to the 68th place. It is now in the first third of the list, he added.
The Minister said that Serbia's GDP per capita is higher than in Romania and Bulgaria, whici are to join the EU, adding that Serbia will try to catch up with Croatia, which he is sure is an attainable goal.
Serbian Deputy Prime Minister Ivana Dulic-Markovic stressed that Serbia must improve its image abroad, for which a consensus of institutions, companies, the diplomacy and international public is needed.
FIC President in Serbia Budimir Kostic said he expects even more foreign direct investments into Serbian economy in which 120 FIC members have invested several billion euros thus far.
Serbia should keep attracting foreign, greenfield investments since they cause new jobs to open, stressed Kostic adding that the National Investment Plan will improve Serbia's infrastructure and attract new investors to Serbia.
The Serbian government is interested in joint investments in electricity production, said Dinkic adding that new thermo and hydro capacities will be built. He also said he expects Serbia to become the regional leader in electricity export within five years.
Dinkic said that according to the World Bank's latest report on the position of the world economy, Serbia went 25 positions upwards and climbed to the 68th place. It is now in the first third of the list, he added.
The Minister said that Serbia's GDP per capita is higher than in Romania and Bulgaria, whici are to join the EU, adding that Serbia will try to catch up with Croatia, which he is sure is an attainable goal.
Serbian Deputy Prime Minister Ivana Dulic-Markovic stressed that Serbia must improve its image abroad, for which a consensus of institutions, companies, the diplomacy and international public is needed.
FIC President in Serbia Budimir Kostic said he expects even more foreign direct investments into Serbian economy in which 120 FIC members have invested several billion euros thus far.
Serbia should keep attracting foreign, greenfield investments since they cause new jobs to open, stressed Kostic adding that the National Investment Plan will improve Serbia's infrastructure and attract new investors to Serbia.
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