Q:
A:
Foreign companies interested in investing in Serbia
Belgrade / Ljubljana,
22 October 2004
Serbian Deputy Prime Minister Miroljub Labus, who presented Serbia's investment opportunities and benefits to participants in the second international conference of business clubs in Slovenia yesterday, told Belgrade daily Vecernje Novosti that business people expressed interest in investing in Serbia.
Miroljub Labus
Foreign companies are interested in the privatisation of telecom firms, banks and insurance companies, greenfield investment and land purchase, he said, adding that prospective investors complained of lengthy and complicated procedures for obtaining construction licences and other necessary documentation.
Business people no longer describe Serbia as politically instable, said Labus, although admitting that political stability in the country is still a matter of concern.
The Deputy Prime Minister also noted that the conference welcomed the latest government reshuffle and budget revision, which he said will allow the country to receive a credit rating.
Commenting on Slovenian retailer Mercator's efforts to acquire Belgrade retail chain C Market, Labus said that Slovenia, Croatia and other countries in Europe had similar cases where there was a conflict of interest between prospective buyers and a target company's management.
He stressed that Serbia does not favor any bidder and expects the new strategic investor to keep the retailer's workers and retain domestic products on C Market's retail shelves.
Labus went on to say that the government also wants to see the commercial court case end as soon as possible so that C Market's sale can continue, noting that other Slovenian companies, such as Gorenje, JUB and Cimos had no problems investing in Serbian firms.
Business people no longer describe Serbia as politically instable, said Labus, although admitting that political stability in the country is still a matter of concern.
The Deputy Prime Minister also noted that the conference welcomed the latest government reshuffle and budget revision, which he said will allow the country to receive a credit rating.
Commenting on Slovenian retailer Mercator's efforts to acquire Belgrade retail chain C Market, Labus said that Slovenia, Croatia and other countries in Europe had similar cases where there was a conflict of interest between prospective buyers and a target company's management.
He stressed that Serbia does not favor any bidder and expects the new strategic investor to keep the retailer's workers and retain domestic products on C Market's retail shelves.
Labus went on to say that the government also wants to see the commercial court case end as soon as possible so that C Market's sale can continue, noting that other Slovenian companies, such as Gorenje, JUB and Cimos had no problems investing in Serbian firms.
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