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A:
Serbia targets at $3bn of FDI annually
Belgrade,
5 July 2010
State Secretary of Economy and Regional Development Vesna Arsic said today that Serbia targets to attract at least $3 billion of foreign direct investment (FDI) on an annual level.
Addressing the first session of the Assembly of Diaspora and the Serbs in the Region, Arsic announced that $14.1 billion was invested in Serbia in the period from 2001 to 2009, placing the country fourth in South Eastern Europe, after Bulgaria, Romania and Croatia.
Investment mainly came into the financial intermediation sector, the manufacturing industry, transport and telecommunications, real estate, with the largest investors being from Austria, Greece, Norway and Germany.
The State Secretary of Economy and Regional Development stated that Serbia's investment advantages are free trade agreements with the EU, CEFTA countries, Russia, Belarus, Turkey and the countries of EFTA Agreement (Iceland, Switzerland, Norway and Liechtenstein).
Serbia is also expected to sign a free trade agreement with Russia, Belarus and Kazakhstan which constitute a single customs union.
To round up the favourable investment climate, Serbia is setting aside significant funds for infrastructure and is granting tax relief and financial incentives for investors, emphasised Arsic.
Assistant Minister of Finance Zoran Cirovic stressed that the status of residents and non-residents in terms of doing business in Serbia will be equalised.
Vice President of the Serbian Chamber of Commerce (PKS) Mihailo Vesovic pointed out that economic cooperation between Serbia and diaspora is not satisfactory and offered the PKS’s support in organising business forums, conferences and providing information to potential investors from diaspora.
Investment mainly came into the financial intermediation sector, the manufacturing industry, transport and telecommunications, real estate, with the largest investors being from Austria, Greece, Norway and Germany.
The State Secretary of Economy and Regional Development stated that Serbia's investment advantages are free trade agreements with the EU, CEFTA countries, Russia, Belarus, Turkey and the countries of EFTA Agreement (Iceland, Switzerland, Norway and Liechtenstein).
Serbia is also expected to sign a free trade agreement with Russia, Belarus and Kazakhstan which constitute a single customs union.
To round up the favourable investment climate, Serbia is setting aside significant funds for infrastructure and is granting tax relief and financial incentives for investors, emphasised Arsic.
Assistant Minister of Finance Zoran Cirovic stressed that the status of residents and non-residents in terms of doing business in Serbia will be equalised.
Vice President of the Serbian Chamber of Commerce (PKS) Mihailo Vesovic pointed out that economic cooperation between Serbia and diaspora is not satisfactory and offered the PKS’s support in organising business forums, conferences and providing information to potential investors from diaspora.
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