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The Government of the Republic of Serbia

In the service of citizens

SIEPA best agency in developing countries category

Belgrade, 1 June 2009

The Serbian Investment and Promotion Agency (SIEPA) stated it has been proclaimed the best agency in the developing countries category.

According to the GDP Global Development International report from London, SIEPA was ranked top for its website and electronic communcation with clients.

Runners-up are Nicaragua and Venezuela. Over 40 investment promotion agencies from over 25 countries and regions competed.

Also, last year SIEPA was listed in the top six by the International Trade Centre, a joint agency of the World Trade Organisation (WTO) and the United Nations.

For the past two years SIEPA has been among the first eight countries according to the research carried out by the World Bank’s Multilateral Investment Guarantee Agency (MIGA), in comparison with investment promotion agencies from 114 developing and transition countries.

SIEPA was set up in 2001 as a Serbian government specialist agency and since then it has realised a number of investment projects, including some of the largest foreign investments to come to Serbia.

The agency is also popular among Serbian exporters thanks to its participation in a large number of international fairs, where it promotes domestic companies.

Apart from advisory and technical support, SIEPA also takes care of state financial support to Serbia’s exporters and investors, providing new jobs, concludes the statement.