Q:
A:
Serbia’s FDI last decade totals €17bn
Belgrade,
27 April 2012
Minister of Economy and Regional Development Nebojsa Ciric today stated that with last year’s FDI of €2.2 billion, Serbia was the leader in the region, adding that a similar FDI inflow is also expected this year.
Nebojsa Ciric
Author:
infobiro.tv
Speaking at a roundtable discussion “Foreign Direct Investment in Serbia 2001–2011”, Ciric said that over the last ten years €17 billion in FDI was invested in Serbia, with the net amount of investments standing at €15.1 billion.
The Minister recalled that in the period 2001–2008, the largest portion of money came from privatisation procedures and was used to finance public spending, not development projects.
From 2008 onwards, investments were mostly directed towards export-oriented production, the goal of which is economic growth and the creation of new jobs.
Serbia has done a lot to improve its investment climate, he stressed, adding that there is still much to do in this sense, such as simplifying procedures and reducing income tax.
A publication themed “Foreign Direct Investment in Serbia 2001–2011” was presented at the roundtable, detailing foreign investments in Serbia per sectors, fields and biggest Serbian companies and presenting the legal framework for investments.
The Minister recalled that in the period 2001–2008, the largest portion of money came from privatisation procedures and was used to finance public spending, not development projects.
From 2008 onwards, investments were mostly directed towards export-oriented production, the goal of which is economic growth and the creation of new jobs.
Serbia has done a lot to improve its investment climate, he stressed, adding that there is still much to do in this sense, such as simplifying procedures and reducing income tax.
A publication themed “Foreign Direct Investment in Serbia 2001–2011” was presented at the roundtable, detailing foreign investments in Serbia per sectors, fields and biggest Serbian companies and presenting the legal framework for investments.
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