According to the National Bank of Serbia (NBS), investment inflows for this year will be around 6% of GDP. This year’s economic growth is also made possible by a strong inflow of foreign direct investment (FDI).
The National Bank of Serbia says that, in the first 6 months of 2021, a total of EUR 1.7 billion worth of foreign direct investments were made. At the recent presentation of the Inflation Report, the NBS Governor Jorgovanka Tabaković also showed operational data according to which FDI inflows amounted to about EUR 2.2 billion from the beginning of the year to the first ten days of August.
In the first six months, most investments came from Switzerland, EUR 261.6 million. In second place was China with EUR 236.1 million, with figures for this country including Hong Kong, Taiwan and Macau.
The Netherlands is in third place with investments worth EUR 201.4 million. The explanation for these significant investments from the Netherlands is that some foreign investors, due to tax breaks, conduct their business from subsidiaries in the Netherlands, even if the parent company is based in another country.
Observed by activity, most FDIs were made in the manufacturing, transport and mining sectors, while observed by country, the majority of investments came from Europe (72.7%), although a significant share also came from Asian countries (24.1%).
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