Foreign investments in construction reach a billion euros

Last year was a record-breaking one it terms of the value of cross-border investments which amounted to 4.4 billion euros.

In 2022, Serbia had 4.4 billion euros in foreign direct investments. With an annual increase of 13.6 percent compared to the previous year, 2022 was a record-breaking one when it comes to cross-border investments.

The National Bank of Serbia has preliminary data about this, but for now, the data for the first three quarters of 2022 show that around 3 billion euros were invested here in that period. The largest investments were in the processing industry, a total of 1.3 billion euros, and the largest chunk of these investments, in the amount of 443 million, were made in the production of rubber and plastics, followed by investments in the production of motor vehicles (almost 300 million euros), the production of basic metals 123 million, and the food industry 116 million.

In the first three quarters of last year, one billion euros were invested in the construction sector, with the transactions in real estate worth 226 million. Investments in the retail sector were also large, amounting to around 300 million euros.

Looking at the country of origin of these investments there are no surprises, as it is clear that the European Union is our main economic partner, because the EU investors invested a total of 1.6 billion euros here, while investors from other European countries invested 608 billion. Most of them came from Great Britain (260 million) Switzerland (162 million) and the Russian Federation 57 million. China is still a big investor (one billion euros) as is Japan with around 200 million. 95 million euros came from the USA.

NBS also says about 60 percent of total FDI was directed to tradable sectors, mostly in the manufacturing industry (43.5 percent), but also in construction (33.3%) and trade (10%).

(Politika, 01.02.2023)

This post is also available in: Italiano

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