Foreign investors: “We want equal terms for everybody”

Foreign investors expect from the Government of Serbia to create equal business conditions for all companies and not to assign governmental support to some of them since it leads to unfair competition, foreign company representatives agreed at the Kopaonik Business Forum.

At the panel titled ‘Expectations of foreign investors in economic reforms’, which was held last night, it was said the companies are satisfied with the steps the Government made, especially with the adoption of the Labour Law, Law on Planning and Construction and Law on Bankruptcy.

However, as they said, equal terms of business are key pre-requisite to create attractive business environment. – Predictability and equal terms for everybody are necessary – president of the Foreign Investors’ Council, (FIC) Frederic Cohen said. He also said that it was unfair that some state-owned companies got subsidies. Cohen added that both for investors and citizens it is very important to decrease public debt and deficit since if it does not happen, investors will “suffer”.

Director General of DDOR Insurance Company Novi Sad Giorgio Marchegiani agreed with this statement, adding that the same conditions exist for all EU member states as well as for those who are in the accession process. He also said that all companies operated under the same market principles and have to be fair competitors.

Director General of DDOR Insurance Company Novi Sad Giorgio Marchegiani agreed with this statement, adding that the same conditions exist for all EU member states as well as for those who are in the accession process. He also said that all companies operated under the same market principles and have to be fair competitors.

Marchegiani also said that foreign investors neede clear rules and standards as well as stable implementation of laws and regulations. Cohen added that the reduction of public debt and deficit was equally important for investors and for the citizens, and if it did not happen, investors might have to pay a high price.

“The agreement with the IMF is a good sign that the macroeconomic parameters are on a sustainable path. In the coming months, it will be crucial for the Serbian Government to successfully complete the privatisation of publicly owned companies, which will lead to the reduction of the deficit and the reimbursement of those who lost due to bad management”, Cohen stressed.

(eKapija, 05.03.2015)

 

This post is also available in: Italiano

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