In addition to the development of infrastructure, the establishment of a predictable business environment is crucial for greater foreign investments in Serbia, said the Council of Foreign Investors. In that organization, they expect that their proposals for improving the business climate will receive the support of the institutions.
Over the past two decades, a lot has been done to build infrastructure in Serbia in order to attract larger investments in the economy, but legal certainty and a stable business environment are also important for larger foreign investments, which we have been pointing out for years, says the executive director of the Council of Foreign Investors, Aleksandar Ljubić.
According to him, the development of digital infrastructure is also important so that the transfer of technology in Serbia is the same as in other countries. Ljubić said that the current inflation is also a challenge for foreign investors, and that cooperation with institutions is necessary to overcome them.
According to official data of the National Bank of Serbia and the Statistical Office of the Republic of Serbia, during the last decade the largest investors in Serbia were companies from the European Union, with over 63 percent of the total foreign direct investments, while as many as three quarters of foreign direct investments came from European countries. Union, USA and Switzerland.
Serbia, compared to other countries of the Western Balkans, leads the way in attracting foreign direct investments, and economists estimate that this is a consequence of the generous subsidies that investors receive from the state, as well as low labor and energy prices, rather than a stable business environment.
