The Business Registers Agency of Serbia (APR) has said that a Map of the Register of Measures and Incentives for Regional Development was published as part of the Register of Measures and Incentives for Regional Development (RMPRR), displaying comprehensive information on state incentives, economic development and economic potential of individual areas in Serbia, and containing semi-annual data for 2020.
The Map’s data shows that the implementers of regional development incentives have managed to distribute significant incentive funds in the first half of 2020 despite the COVID-19 epidemic and that state support was primarily intended for businesses.
Out of the total realized investments in the amount of 76.3 billion dinars, 60% was allocated to incentives directed to companies. At the same time, the amount of incentives paid to micro, small and medium-sized companies is higher by 58%, and large companies by 19.7% compared to the same period last year.
The Ministry of Construction, Transport and Infrastructure allocated the highest amount of incentive funds (23.1 billion dinars, which is 52% of the total incentives), followed by the Development Fund of the Republic of Serbia (7.9 billion dinars, or 17.6% of total incentives for companies), while, in the first six months of this year, 9.3 billion dinars of incentive funds were paid to agricultural farms.
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The share of grants in the total realized incentives in the first six months of the current year amounted to 85% of the total incentives and those funds are 18% higher compared to the same period of the previous year.
The Map shows consolidated information gathered from other registers kept by the Agency, as well as information taken by the Agency from other state bodies and organizations, in tabular and graphical form, at the state, region, area and municipality level, for the current and three previous years.
On the Map, this consolidated information is grouped into basic data (on the country’s area, population, average salary, GDP, number of employed and unemployed people), indicators relating to the structure of the economy and non-profit sector (number of companies, newly established, closed, etc.) and their financial performance (business results), indicators of indebtedness of both businesses and non-profit sector (financial leasing and collateral), indicators of illiquidity of businesses and non-profit sector and, finally, data on total regional development incentives (by purpose, type of beneficiaries, implementers, type of financial incentives and territorial directing of funds from the budget and other sources of financing).
The information presented on the Map is a particularly useful source of information for potential investors in the Republic of Serbia, who are interested in obtaining such information before investing in a particular territory as it contains both the characteristics of the achieved economic development and the potentials for the development of the selected area, starting from the size of the area, the population number, the job qualification structure of the unemployed, as well as other elements related to the area’s development.
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