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Serbia prepares business environment for future investors: PM

Xinhua, September 22, 2015 Adjust font size:

Serbian Prime Minister Aleksandar Vucic said on Tuesday here that Serbia will improve the business environment further in the future after the opening of chapter talks with EU.

Vucic made this remark at Belgrade Investment Days, newly established annual investment program in Serbia and South east Europe, which opened in Belgrade today with the presence of Serbian officials and more than 300 representatives of investment funds, banks and companies from European countries, China, Russia, Central Asia and the Middle East.

Opening the event in front of diplomats, representatives of ministries, investors, international financial institutions, and other participants, Vucic said that investors will be granted full economic and legal safety once Serbia opens first chapters with the EU.

"In the past year and half we managed to stabilize the country, public finances, to start important economic reforms," Vucic said, announcing diligent work towards making new reforms.

He announced that the first tasks in that direction will be the finishing of the privatization process of state-owned companies, while other public companies such as the Electric Power Industry of Serbia, Srbijagas will be reformed to better efficiency.

Vucic said that the work of state administration will also be reformed, while Serbia will continue to work on stimulation entrepreneurship, investments in local economy, small and medium enterprises.

He stated that the fiscal deficit is around 1.12 percent of GDP on this day, while the general deficit is between 3 and 3.5 percent. Predicted growth, according to Vucic, is 1 percent this year, 2 percent in the following year, while in 2017 it will be 3 percent.

Mayor of Belgrade Sinisa Mali said that the Serbian capital city has prepared more than 60 projects including infrastructure projects, direct investments and development of small and medium enterprises.

According to him, projects prepared for potential investors are worth 10 billion euros and have an aim to create new jobs and to boost growth.

Mali said that some of the topics at Belgrade Investment Days will be the Belgrade Waterfront construction project, privatization of the Agricultural Conglomerate of Belgrade (PKB), waste management and other topics.

Belgrade Investment Days, organized by the City of Belgrade, Chamber of Commerce and Industry of Belgrade and the Central European Development Forum (CEDEF), announced that the focus of the meeting will be on Belgrade's large scale infrastructure projects, investment programs of public institutions and the companies awaiting privatization. Enditem