12-year FDI inflow worth EUR 16bn; Italy tops list
Source: Tanjug
BELGRADE -- The 150 most important foreign investments in the past 12 years have brought EUR 15.96 billion to Serbia, statistical date presented on Monday shows.
A file photo from the July 2006 auction that saw Telenor acquire Mobtel (file)
The highest number came from Germany - 30, according to the National Alliance for Local Economic Development (NALED).
But most valuable individual investments came from companies from Norway, Russia, and Italy, while when it comes to the overall value of all investments coming from a single country, Italy tops the list.
The greatest number of investments were recorded in the automotive industry (21), food industry (18), banking and insurance (15) and the construction industry, according to the first unified foreign investments database publicized by NALED.
Norway's Telenor is the largest investment, worth EUR 1.6 billion, followed by Russia's Gazpromneft (EUR 947 million), Italy's Fiat (EUR 940 million).
This is followed by Agrokor (EUR 614 million), Philip Morris (EUR 611 million), Mobilkom Austria (EUR 570 million) and Salford, Mercator and Raiffeisen (EUR 500 million each).
Per country of origin, the highest number of investments came from Germany (30), Austria (23), Italy (18), Slovenia (16) and France (12).
Italy leads when it comes to the size of the investments (EUR 1.99 billion), followed by Austria (EUR 1.96 billion), Norway (EUR 1.6 billion), Belgium (EUR 1.48 billion) and Greece (EUR 1.23 billion), while companies from the U.S., Russia and Germany, who come after, all invested above EUR 1.1 billion.
Banking and insurance received the most funds (EUR 3.04 billion), followed by the food and IT industries (EUR 2.2 billion each), trade (EUR 1.7 billion), automotive industry (EUR 1.54 billion) and energy (EUR 1.42 billion), while the other sectors got less than EUR 1 billion in investments.
Most investments came in 2003 - 21, while 2010 had the second highest number, 17.
The most valuable FDI was recorded in 2003 - EUR 3.76 billion, and in 2006 (EUR 3.28 billion).
Belgrade attracted 23 individual investments, followed by Inđija with 18, Novi Sad and Subotica with 10 each, Stara Pazova (7) and Pećinci (7) - all five in the province of Vojvodina - and Niš in the south, also with seven investments.
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