August 12, 2019

Serbia Tops Increase of Foreign Direct Investments

Serbia storms to top at inbound greenfield investment relative to the size of each country’s economy.

Serbia achieved the top spot at the Greenfield FDI Performance Index study for 2019, conducted by fDi Intelligence, a data division of Financial Times.

The study, which looks at inbound greenfield investment in 2018 relative to the size of each country’s economy, assigned a score of 11.92 to Serbia. This means that Serbia attracts almost 12 times the amount of greenfield FDI that might be expected given the size of its economy. According to the study “automotive components, food and tobacco, textiles and real estate are Serbia’s leading FDI sectors, and combined they accounted for more than half (54%) of total inbound FDI projects in 2018.”

What brings Serbia to the top?

fDI Intelligence does not elaborate on what are the factors that lead to Serbia topping the chart. However, Serbian experts tend to agree that the generous system of incentives for attracting direct investments is most likely to be the main reason for the increase of foreign direct investments.

The most notable incentives include direct cash subsidies (primarily available to the production sector), possibility to acquire publicly owned construction land free of charge and tax holiday. According to the state treasury, Serbia will award up to RSD 15 billion (approx. EUR 130 million) through direct cash subsidies to large-scale investments in the production sector, with a plan to gradually increase its amount in 2020 and 2021.

The text is taken from the Karanovic/partner’s news.

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