FDI: Serbia among the top five most attractive countries

Serbia is still an attractive investment destination and, according to the National Bank of Serbia, this year the FDI in Serbia would amount to 1.8 billion EUR, just like last year. This makes 5.4% of the national GDP which makes Serbia one of the leaders in the region. In the first nine months of this year, the FDI revenue was 1.3 billion EUR.

Most investments were made in infrastructure projects, energy, food industry, and footwear and clothing industry.

“Foreign investors usually keep the generated profit in Serbia and re-invest it in existing and future projects. So, in the first nine months of 2016, they generated 384 million EUR in profit and re-invested 438 million. What swayed foreign investors in Serbia to re-invest their profit here is the improved business and investment environment, as well as better macroeconomic performances and the forecasts for our economy”, Serbian central bank says.

According to a survey conducted by Ernst & Young, Serbia is one of the 5 most attractive countries in terms of FDI in Europe. It also takes the second place when it comes to the number of new jobs created as a result of those FDIs. The results of this year’s survey about the attractiveness of Europe as an FDI destination have shown that, in 2015, Serbia recorded a 108% growth when it comes to new jobs. These results put the country in the second place on the list of the top 10 countries that have created the most new jobs as a result of FDIs.

Furthermore, the investments in the Serbian industry grew in 2015 and consequentially, this lead to a double increase in the number of created new jobs compared to the year before.

(Vecernje Novosti, 05.12.2016)

http://www.novosti.rs/vesti/naslovna/ekonomija/aktuelno.239.html:638402-Srbija-medju-top-5-drzava-za-ulaganja

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