EUR 800mn invested in Serbia in 8 months

Deputy PM Bozidar Djelic stated on Monday that Serbia attracted direct foreign investments at the total value of EUR 800mn in the first eight months of 2010. This came although no big privatization transactions were made, said he. EUR 800mn invested in Serbia in 8 months At the 10th Economic Summit of the Republic of Serbia, Djelic reminded that a total of EUR 1,8bn worth of direct foreign investments were registered in 2009. Serbia still faces a number of structural reforms and market opening, which is why the country is looking to sell majority of its shares in Telekom Srbija telecommunications company, Djelic said at the conference organized by the Greek Tsomokos Group. Djelic pointed out that by improving its business climate, Serbia will continue to attract foreign investors, particularly in the domain of infrastructure. The minister also called on Greek companies to take part in projects related to Corridor 10. He noted that the country's priority in the next period will be to counter poverty and unemployment, which has reached almost 20 percent. Djelic stated that Serbia needs a stronger social component to preserve social cohesion necessary for uninterrupted work of investors. The minister reminded that the government froze public sector salaries and pensions at the end of 2009, which, together with the weakening of the domestic currency, reduced Serbian citizens' purchasing power. Foreign investors also felt this change, especially in the domains of telecommunications and trade, Djelic noted.

EUR 800mn invested in Serbia in 8 months

At the 10th Economic Summit of the Republic of Serbia, Đelić reminded that a total of EUR 1,8bn worth of direct foreign investments were registered in 2009.

Serbia still faces a number of structural reforms and market opening, which is why the country is looking to sell majority of its shares in Telekom Srbija telecommunications company, Đelić said at the conference organized by the Greek Tsomokos Group.

Đelić pointed out that by improving its business climate, Serbia will continue to attract foreign investors, particularly in the domain of infrastructure. The minister also called on Greek companies to take part in projects related to Corridor 10.

He noted that the country's priority in the next period will be to counter poverty and unemployment, which has reached almost 20 percent. Đelić stated that Serbia needs a stronger social component to preserve social cohesion necessary for uninterrupted work of investors.

The minister reminded that the government froze public sector salaries and pensions at the end of 2009, which, together with the weakening of the domestic currency, reduced Serbian citizens' purchasing power. Foreign investors also felt this change, especially in the domains of telecommunications and trade, Đelić noted.