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Striving for investment grade amidst record exports and stellar financial achievements

The governor of the National Bank of Serbia, Jorgovanka Tabaković, said today, at the opening of the 31st Kopaonik Business Forum, that efforts are being made to get Serbia an investment rating.

“We are working hard towards the goal of Serbia getting an investment rank, more than ever. We are dealing with all the factors that can influence the increase of that outlook, i.e. the rating. This should result in even more investments and expand the investor base, as well as make Serbia even more better positions itself on the investment map. Not only for foreign direct investments, but also when it comes to bonds,” said Tabaković.

She said that obtaining the investment grade, which is actually recognized by us through investments, is something we will work on in order to formally get an improvement in the outlook. She pointed out that because of the good economic results, analysts rate Serbian bonds very well.

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“The assessments of analysts and investors are that Serbian bonds are shining, this is a quote – Serbian bonds are shining, which is confirmed by the huge demand for the eight-year dinar bond, while the difference in yields on foreign currency bonds compared to, for example, German bonds is significantly reduced. All these results confirm the correctness of the economic policy we have been leading,” Tabaković emphasized. 

As she said, in Serbia, in this global environment, the resilience of our economy was once again tested and confirmed. 

“Record exports of goods and services of 41 billion euros in 2023 are 75 percent higher than in pre-pandemic 2019. We have secured the country’s record foreign exchange reserves, now 25 billion euros, and are 87 percent higher than in pre-pandemic 2019. “The unemployment rate is at its lowest level. Formal employment in the private sector is about 10 percent above the pre-pandemic level, and the average salary in December is 64 percent higher than the pre-crisis level,” stated the governor of the NBS.

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