Investors giving up on Serbia?

The Foreign Investment Agency warns that many investors are mulling pulling out of planned business ventures in Serbia.

Izvor: B92

Friday, 13.04.2007.

12:38

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Investors giving up on Serbia?

Some EUR 330mn of foreign investments arrived in Serbia this year, barely one tenth of the sum invested in 2006. Millions of dollars foreign investors plan to bring to Serbia would create several thousand new jobs.

”The political problems Serbia faces do not create favorable investment climate,” Andrea Ancheta of Venice-based Maxotel says.

“However, we will try to find a partner in Serbia, since we believe it is possible to start joint ventures here and create profit.”

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