Q:
A:
SIEPA offers 22 investment projects
Belgrade/Thessalonica,
30 September 2004
The Serbian Investment and Export Promotion Agency (SIEPA) presented business opportunities for 22 investment projects in Serbia at a business conference in Thessalonica organised by the United Nations Industrial Development Organisation (UNIDO) and the Thessalonica Chamber of Commerce and Industry (EVET).
SIEPA representative Dragana Djurica called on Greek investors to use these concrete investment opportunities in food processing and beverage plants, the pharmaceuticals and chemical industry sector, energy and electronics.
Addressing the Greek businesspeople, Djurica listed the electronics industry, textile production and production of vehicles and machines as potentially the best investment opportunities in Serbia. She added that among the advantages for investing in Serbia are the new privatisation law, low profit tax of only 10 percent, as well as tax reliefs for investment and employment.
She said that the leading foreign investors in Serbia are the US with 36 percent of total investment, Russia with 16 percent, Switzerland with 11 percent, and France and Greece with seven percent each. Djurica added that the top investors in Serbia are the multinational company Philip Morris with $500 million and Russia’s Lukoil €200 million in invesmtent.
Greek investment in Serbia in 2002 amounted to $12.5 million, in 2003 $62.3 million, while investment in the first three months of this year totalled $15.5 million. Greece’s export to Serbia amounted to $99.5 million, while imports from Serbia stood at only $26.9 million.
The UNIDO office in Athens offers support to Greek businesspeople to develop their international economic ties by collecting information, searching for partners, and providing counselling in negotiations, the Beta news agency reported.
Addressing the Greek businesspeople, Djurica listed the electronics industry, textile production and production of vehicles and machines as potentially the best investment opportunities in Serbia. She added that among the advantages for investing in Serbia are the new privatisation law, low profit tax of only 10 percent, as well as tax reliefs for investment and employment.
She said that the leading foreign investors in Serbia are the US with 36 percent of total investment, Russia with 16 percent, Switzerland with 11 percent, and France and Greece with seven percent each. Djurica added that the top investors in Serbia are the multinational company Philip Morris with $500 million and Russia’s Lukoil €200 million in invesmtent.
Greek investment in Serbia in 2002 amounted to $12.5 million, in 2003 $62.3 million, while investment in the first three months of this year totalled $15.5 million. Greece’s export to Serbia amounted to $99.5 million, while imports from Serbia stood at only $26.9 million.
The UNIDO office in Athens offers support to Greek businesspeople to develop their international economic ties by collecting information, searching for partners, and providing counselling in negotiations, the Beta news agency reported.
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