For the first time ever, Serbia has made it to the list of top 15 countries in terms of the number of foreign investments, which, according to the president of the Serbian Chamber of Commerce, Marko Cadez, sends a strong, positive signal to global investors.
Last year, our country had 118 foreign direct investments, which is a 157% increase relative to 2016. Thanks to this, Serbia jumped eight places on the list of top European countries by number of foreign direct investments.
“When you have made it to the top 15 countries according to the number of attracted foreign direct investments, this cannot go unnoticed,” said Cadez and added: “This means that the visibility of our country for all investors in the global economy has become much better.”
According to Ernst & Young, the number of foreign investment projects in Serbia last year rose by 157 percent, with 20,000 new jobs created thanks to foreign investments. Serbia is ahead of Hungary, which had 116 foreign direct investments last year and 17,017 new jobs created. The data shows that, in the past year, Serbia received 2.41 billion euro worth of FDI, which puts us in the first place in the region by the number of foreign investments. The share of foreign investments in GDP increased last year to 6.6 percent.
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This year’s Ernst & Young’s report shows that the countries of Central and Eastern Europe continued to attract more foreign direct investment from Western Europe and the EU member states. Russia ranked fifth on the list and recorded 16 percent more FDI.
The important thing is, however, that the influx of foreign direct investments continued this year too. According to the Serbian Ministry of Finance, in the first two months of this year, the FDI amounted to 401 million euro.
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