Foreign investments to total EUR 1.2bn in 2012

Serbia can by the end of 2012 expect fewer foreign investments than last year and they will amount to EUR 1.2bn.

Izvor: Tanjug

Wednesday, 14.11.2012.

17:08

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BELGRADE Serbia can by the end of 2012 expect fewer foreign investments than last year and they will amount to EUR 1.2bn. Serbian Investment and Export Promotion Agency (SIEPA) Deputy Director Bojan Jankovic has said that the foreign investments could next year remain at the same level of around EUR 1bn if significant changes were not made. Foreign investments to total EUR 1.2bn in 2012 “Foreign investments in the first six months of the year were around USD 600mn and the reduced level of investments is partially a result of the election process in Serbia in the first half of the year but it is also a result of the economic crisis that gripped the EU which is Serbia’s biggest trade and economic partner,” he said at a conference dubbed “Invest in Serbia”. “It is obvious that the effect of dissatisfaction and crisis in the EU has spilled over to the Serbian market,” Jankovic noted and added that investors were still interested in Serbia but that “we need to reconsider all possibilities for investments here if we want to reach the planned level of investments of about EUR 2.5bn next year”. He announced that several projects with investors would be realized in cooperation with SIEPA by the end of the year and that names of the investors would soon be released. Jankovic also pointed to large investments of Fiat and Delhaize last year. “Serbia has so far had advantages for foreign investors in terms of various incentives but many countries in the region have recently made progress and they now offer even more attractive incentives than Serbia does, which can additionally worsen new investments in our country,” he concluded. Tanjug

Foreign investments to total EUR 1.2bn in 2012

“Foreign investments in the first six months of the year were around USD 600mn and the reduced level of investments is partially a result of the election process in Serbia in the first half of the year but it is also a result of the economic crisis that gripped the EU which is Serbia’s biggest trade and economic partner,” he said at a conference dubbed “Invest in Serbia”.

“It is obvious that the effect of dissatisfaction and crisis in the EU has spilled over to the Serbian market,” Janković noted and added that investors were still interested in Serbia but that “we need to reconsider all possibilities for investments here if we want to reach the planned level of investments of about EUR 2.5bn next year”.

He announced that several projects with investors would be realized in cooperation with SIEPA by the end of the year and that names of the investors would soon be released.

Janković also pointed to large investments of Fiat and Delhaize last year.

“Serbia has so far had advantages for foreign investors in terms of various incentives but many countries in the region have recently made progress and they now offer even more attractive incentives than Serbia does, which can additionally worsen new investments in our country,” he concluded.

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