Q:
A:
EU Serbia’s major trade partner
Belgrade,
27 June 2012
Assistant Minister of Economy and Regional Development Bojana Todorovic said today that the EU is Serbia’s most important trade partner and also the biggest investor in our country.
Speaking at a panel discussion on "The Western Balkans and European (Dis)Integration" held at the Aero Club, Todorovic stated that 56% of Serbia’s total trade is with the EU, and if CEFTA countries are added, more than 80% of Serbia’s export is linked to these countries.
Speaking about investments, the Assistant Minister underlined that €17 billion has been invested in Serbia since 2001, of which 60% was from the EU and CEFTA countries.
According to her, the economy of the Western Balkans is integrated into that of the EU, which is why any change in Europe affects the countries of the region, including Serbia.
She said that the EU economy entered a recession in the last quarter of the last year and that the minimum growth cannot be expected before next year.
She specified that Serbia had a GDP growth of 1.6% last year, and projections for the current year foresee a growth of just 0.3% due to lower external demand from its major trading partners - the EU countries.
More positive forecasts are not expected before next year and the first increase in the number of employees in the last five years should take place in late 2013, Todorovic concluded.
Speaking about investments, the Assistant Minister underlined that €17 billion has been invested in Serbia since 2001, of which 60% was from the EU and CEFTA countries.
According to her, the economy of the Western Balkans is integrated into that of the EU, which is why any change in Europe affects the countries of the region, including Serbia.
She said that the EU economy entered a recession in the last quarter of the last year and that the minimum growth cannot be expected before next year.
She specified that Serbia had a GDP growth of 1.6% last year, and projections for the current year foresee a growth of just 0.3% due to lower external demand from its major trading partners - the EU countries.
More positive forecasts are not expected before next year and the first increase in the number of employees in the last five years should take place in late 2013, Todorovic concluded.
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