Tax reform, the reform of the mining and energy sectors, and continuing to attract foreign investors, are all a part of the seven-point reform package that the country will implement in the next year in order to achieve faster economic growth.
The package also includes digitization of public services, the development of complete infrastructure and the increase in minimum and average wages.
The Governor of the National Bank of Serbia (NBS), Jorgovanka Tabakovic says that, from the beginning of the year to the first decade of April, the recorded influx of foreign direct investments has already reached a figure of EUR 1 billion, an indicator that speaks in favour of the expectations from the 7-point reform plan.
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“The results that we have achieved as a state are undisputed, tangible, and measurable, and the best proof the trust in Serbia and its growth,” said Tabakovic.
Serbian President Aleksandar Vucic announced earlier that the goal for the next year’s economic growth was set at 7%.
In the context of the tax reform, the package contains measures for further simplification of procedures, reduction of salary tax and contributions and the reduction in VAT which will be among the lowest in Europe.
The 7-point plan envisages the further development of RTB Bor under the management of the Chinese company, which announced large investments, as well as from the extraction of lithium which will all have a positive impact on the country’s GDP.
The plan also envisages the resolution of the majority of the problems in EPS and reaching the European level of digitization.
Also, incentives will be provided for investors, particularly those investing in high technology.
Tabakovic says that the aim is for the minimum wage to amount to at least 30,000 dinars, and for the average wage to be equivalent of EUR 500.
This post is also available in: Italiano