Ambassador: Serbia is Russia's main partner in Balkans

Serbia is Russia's main economic partner in the Balkans, Russian Ambassador in Belgrade Aleksandr Chepurin stated on Wednesday.

Source: Tanjug

The top Russian diplomat in Belgrade added that Serbia has an important economic perspective and expects Russian investments to increase.

Chepurin believes that the two countries should make greater use of the benefits of the Free Trade Agreement because they hold considerable potential for development of economic cooperation.

He said that cooperation in defence industry could be interesting and that all projects should be realised to mutual benefit.

During the meeting in the Serbian Chamber of Commerce, Chepurin said that the favourable investment climate in Serbia offers possibilities for a number of projects and this makes Serbia's economy an attractive destination for foreign investments.

According to Chepurin, the South Stream pipeline, the construction of which is due in Serbia shortly, should soon be declared a project of national importance and it will make room for hiring a large number of Serbian companies.

Chepurin also recalled the modernisation of the Serbian railway system, which is funded from the Russian USD 800 million loan.

He underscored that an increase in investments and cooperation needs a political basis, friendly relations and strengthening of mutual trust.

Business & Economy

page 1 of 25 go to page