Russia resumes investments in Serbia

The Days of Moscow Forum is taking place in Belgrade with the representatives of over 30 Russian companies in attendance. In the following few days, they are going to discuss and make business deals. According to Mayor of Moscow, after a three-year-hiatus, Russia is now ready to embark on a new investment cycle in Serbia.

The Forum is the perfect opportunity for the city of Belgrade to present its investment potential which, according to the Belgrade Mayor, has been estimated at 10 billion EUR.

“The Belgrade Subway project has attracted a great deal of attention. The Mayor told us that the subway lines would be determined by 15th November and that, next year, we are going to have access to key financial sources in order to start constructing the subway in the second part of 2017”, says Deputy Mayor of Belgrade, Borko Milosavljevic.

Two years ago, Russia said that the country’s investments in Serbia in 2017 could potentially reach 10 billion US Dollars. However, this did not happen.

“Unfortunately, the crisis and the depreciation of the Russian Ruble have caused a lot of damage. The situation is stable now and our inflation is under control which is why we are able to boost our investments abroad”, said Sergei Cheryomin, from the Moscow Department for Foreign Economic Activity.

 He did not mention specific investments but did say that Serbian agriculture, tourism and IT were the most appealing. Also, the Russian companies at the Forum have hinted that infrastructure and energy sector would probably receive the biggest Russian investments.

(N1, 04.10.2016)

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One Reply to “Russia resumes investments in Serbia”

  1. Hannah Montcolly says:

    Keep Russian investment coming…..any EU/USA investment will be detrimental to Serbian interests unless Serbia can keep controlling interests….. Russian investment is for the future.

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