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The Government of the Republic of Serbia

In the service of citizens

Drawing in more large investors to boost exports

Belgrade, 31 December 2009

Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said today that 2010 will be easier for the economy, noting that it is realistic to expect overall improvements for everyone in 2011.

Mladjan Dinkic

In an interview for the NIN weekly, Dinkic said that the year behind us was a difficult one, both for the economy and the citizens, recalling that Serbia received $2 billion in foreign direct investments and next year it will have to attract at least another $3 billion.

He said that in the years to come the government will try to attract more large-scale car producers, as well as electronics companies.

Italy’s Fiat is to invest €600 million in new equipment and modernisation of Zastava by mid-2011, in order to start the production of a new vehicle and increase their annual output to 200,000 cars, Dinkic explained.

The Minister said that apart from Fiat, he also anticipates the arrival of a number of car parts producers, announcing a large conference for their representatives in February, at which they will be offered various locations for their production halls and adequate incentives.

He said that Serbia has to be more agile and active than other countries in its attempts to lure large investors and increase exports, reiterating that at the same time bureaucratic obstacles in the economy have to be removed.