Q:
A:
Huge possibilities for investment in domestic tourism
Belgrade,
25 November 2011
Minister of Economy and Regional Development Nebojsa Ciric today stated that tourism is an economic branch with immense investment potential, which has been exploited only partly.
Nebojsa Ciric
Author:
Fonet
Speaking at the first Tourism Investment Forum at the Hyatt Regency Hotel, Ciric recalled that over the past four years, the state invested the most in infrastructure and mountain resorts.
A lot is yet to be done in the period ahead, the Minister observed, adding that Serbia has enormous potential for spa tourism and that spa and wellness centres should be developed.
Hotel capacity and bicycle tourism should be developed, but we must also prepare for the arrival of private investors, as so far only the state invested in this sector, he said.
Ciric underlined that this year Serbia will be a regional leader in terms of investments, specifying that €1.1 billion has been invested in Serbia in the first eight months of 2011, not counting the investment of Belgium’s Delhaize in Delta Maxi and Fiat’s investment in Zastava.
With these two investments we can expect the annual inflow figure to reach €3.3 billion, he added.
Despite the economic crisis, Serbia managed to maintain macroeconomic stability, the Minister observed, adding that GDP growth rate has been corrected to 2%, while this year’s budget deficit will stand at 4.8% of GDP.
He recalled that export is on the rise and has exceeded import, adding that Serbia’s credit rating has improved, although the government will have to continue with savings measures in 2012.
The three-day forum “Investment Climate and Competitiveness in Serbia” will look at Serbia’s investment potential in tourism.
The event was organised by the Serbian Ministry of Economy and Regional Development, the National Tourism Development Corporation of Serbia and the project of the Millennium Development Goals programme “Sustainable Tourism for Rural Development”, which is jointly implemented by five UN agencies (FAO, UNDP, UNEP, UNICEF and UNSTO).
The forum will gather a large number of experts, consultants and managers from the UK, the USA, Ukraine, Germany, Austria, Spain, Switzerland, Croatia, Russia and Italy.
A lot is yet to be done in the period ahead, the Minister observed, adding that Serbia has enormous potential for spa tourism and that spa and wellness centres should be developed.
Hotel capacity and bicycle tourism should be developed, but we must also prepare for the arrival of private investors, as so far only the state invested in this sector, he said.
Ciric underlined that this year Serbia will be a regional leader in terms of investments, specifying that €1.1 billion has been invested in Serbia in the first eight months of 2011, not counting the investment of Belgium’s Delhaize in Delta Maxi and Fiat’s investment in Zastava.
With these two investments we can expect the annual inflow figure to reach €3.3 billion, he added.
Despite the economic crisis, Serbia managed to maintain macroeconomic stability, the Minister observed, adding that GDP growth rate has been corrected to 2%, while this year’s budget deficit will stand at 4.8% of GDP.
He recalled that export is on the rise and has exceeded import, adding that Serbia’s credit rating has improved, although the government will have to continue with savings measures in 2012.
The three-day forum “Investment Climate and Competitiveness in Serbia” will look at Serbia’s investment potential in tourism.
The event was organised by the Serbian Ministry of Economy and Regional Development, the National Tourism Development Corporation of Serbia and the project of the Millennium Development Goals programme “Sustainable Tourism for Rural Development”, which is jointly implemented by five UN agencies (FAO, UNDP, UNEP, UNICEF and UNSTO).
The forum will gather a large number of experts, consultants and managers from the UK, the USA, Ukraine, Germany, Austria, Spain, Switzerland, Croatia, Russia and Italy.
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