Serbia and Italy bolstering economic ties

The Serbia-Italy Forum for Business and Scientific Cooperation started today in Belgrade, with the participation of 151 Italian and 246 Serbian companies.

President of Serbia, Aleksandar Vučić, and the Vice-President of the Council of Ministers and the Italian Minister of Foreign Affairs and International Cooperation of Italy, Antonio Tajani, met prior to the beginning of the Forum to discuss bolstering the economic relations between the two countries and new investments.

At the opening of the Forum, Vučić said that he was proud of the fact that a favourable environment for doing business had been created in Serbia and added that Italy was a sincere friend for Serbia that it could always count on, reports Beta.

“Italy was never among one of the countries that put heavy pressure on Serbia. Italian entrepreneurs are welcome in our country. We offer the security of our system, our taxes haven’t changed taxes for 10 years, our currency has been stable also for 10 years and we don’t have any problems. Besides, two of the three largest banks in Serbia are Italian,” said Vučić.

He added that Serbian public finances are in good condition and that in the previous three years, Serbia has managed to attract 63 percent of direct foreign investments of all FDIs made in the Western Balkan region.

Antonio Tajani said that Italy wants to be more present in Serbia and the Balkans. “The Balkans is part of Europe, our friends live there, with whom we cooperated and continue to cooperate. The Balkans has strategic importance. We announced that the first business forum we will continue to be here, in this friendly country. We want to nurture and strengthen the ages-old relationship,” he said and added that Italy wants to see Serbia in the EU.

A number of documents on collaboration between Serbian and Italian institutions were signed in Belgrade on March 21, during the Forum, focusing on business and technology cooperation, Tajani and Serbian Foreign Minister Ivica Dačić signed a joint statement on bilateral cooperation. Serbian and Italian officials also signed agreements on mutual recognition and exchange of driving licenses and film co-production, and memoranda of understanding and cooperation in transport infrastructure, agriculture research, food processing industry, insurance in external trade and other sectors.

Tajani and Dačić also confirmed mutual interest in holding an Italy-Western Balkans ministerial meeting in Rome in April, as well as the fourth joint session of the two governments in Belgrade, which would provide an additional impetus to the further development of bilateral relations.

The Forum is organized by the Chamber of Commerce and Industry of Serbia with the support of the Italian Embassy in Belgrade and the Italian Trade Agency (ICE).

(, Beta, 21.03.2023)

Photo credits: TANJUG/Strahinja Aćimović

This post is also available in: Italiano

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