Q:
A:
Up to €3bn in foreign investment this year
Belgrade,
4 October 2011
Minister of Economy and Regional Development Nebojsa Ciric stated that between €2.5 and €3 billion in foreign direct investment (FDI) is anticipated this year, including the investments that have already begun, adding that the adoption of the law on public-private partnership will increase the volume of FDI.
Author:
Tanjug
Speaking at the 11th Economic Summit in Belgrade, Ciric stated that a Draft law on public-private partnership has been completed and the government will most likely adopt it during the month.
This law will be a good framework for private foreign investors to invest in projects which local self-governments cannot carry out on their own, the Minister observed.
Serbia needs annual GDP growth of 4% in order to make economic progress, he said, adding that this can be done with an increase in production-oriented FDI and export growth.
Ciric recalled the good examples of foreign investment with state incentives, such as those of Benetton and Fiat, adding his expectation that Fiat’s Kragujevac factory will export its products in 2012 to the amount of €1.3–1.5 billion.
Major objections of foreign investors are related to the risk of high fluctuations in the currency, he concluded.
This law will be a good framework for private foreign investors to invest in projects which local self-governments cannot carry out on their own, the Minister observed.
Serbia needs annual GDP growth of 4% in order to make economic progress, he said, adding that this can be done with an increase in production-oriented FDI and export growth.
Ciric recalled the good examples of foreign investment with state incentives, such as those of Benetton and Fiat, adding his expectation that Fiat’s Kragujevac factory will export its products in 2012 to the amount of €1.3–1.5 billion.
Major objections of foreign investors are related to the risk of high fluctuations in the currency, he concluded.
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