Q:
A:
Foreign direct investment in first eight months over $3.25 bln
Belgrade,
4 October 2006
The Serbian Ministry of Finance stated today that in the first eight months of the year, foreign direct investment (FDI) in Serbia exceeded $3.25 billion. This figure is twice more than last years total, which was a record one of $1.48 billion.
The Ministry of Finance expects that FDI will reach approximately $4 billion by the end of the year.
Owing to the increase of foreign investors' confidence in the Serbian economy, a surplus balance of payments of $4.4 billion was achieved in the first eight months of the year.
The foreign currency reserves of the National Bank of Serbia increased by the same amount, which enabled the strengthening of the dinar. A stable dinar, as well as a firm monetary and fiscal policy, helped bring down inflation, which will have a positive influence on the rise in FDI in the upcoming period as well, the statement concludes.
Owing to the increase of foreign investors' confidence in the Serbian economy, a surplus balance of payments of $4.4 billion was achieved in the first eight months of the year.
The foreign currency reserves of the National Bank of Serbia increased by the same amount, which enabled the strengthening of the dinar. A stable dinar, as well as a firm monetary and fiscal policy, helped bring down inflation, which will have a positive influence on the rise in FDI in the upcoming period as well, the statement concludes.
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