Facts about Serbia
Serbia can serve as a manufacturing hub for duty-free exports to a market of 1 billion people that includes: the European Union(EU), the United States of America(USA), the Russian Federation, Belarus, Kazakhstan, Turkey, South East Europe(CEFTA) and EFTA(Switzerland, Norway, Iceland, and Liechtenstein).
Upon the completion of negotiations with Egypt, the territory with duty-free access for Serbia will be increased by the population of an additional 80 million.
Since 2000, Serbia has attracted over $20 billion of foreign direct investment.
The Economist Intelligence Unit forecasts that Serbia will make the largest improvement in the business environment in Eastern Europe through 2013.
Serbia is an internationally recognized leader in business reforms, as well as a proven investment location in South East Europe.
It offers highly capable intellectual capital and customs-free access to the 15% of the world market.
Most Improved Business Environment
Economist Intelligence Unit: “Serbia is forecast to make the largest improvement in the business environment in the region of Easter Europe between 2009 and 2013.
Out of 16 countries included in the research, Serbia will be leading the region in terms of business reforms by a wide margin”.
PricewaterhouseCoopers ranked Serbia as the 3rd most attractive manufacturing and 7th most attractive services FDI destination among emerging economies.
Ernst & Young recorded nearly 150 inward investment projects in Serbia in 2007, 2008 and 2009 – the 2nd best performance in the South East Europe region.
source: Serbia Investment and Export Promotion Agency
Novi Sad, the capital of Vojvodina and the second largest city in Serbia, is the significant industrial and financial center of the Serbian economy with rapid growth and development of the economy.
It is positioned at the intersection of Corridor 10 and Corridor 7, as well as on the river Danube and the canal Danube – Tisa – Danube.
Novi Sad is a host of two major manifestations:
1.) EXIT Festival
One of the best music festival in Europe which officialy was awarded as the Best European Festival for year 2007.
2.) International Agricultural Fair
One of the largest European events of this type.
Vojvodina is an EU border region located in the northern part of the Republic of Serbia. Two major pan European transport routes, the river Danube and corridor 10, pass through it.
Vojvodina is a gateway to the European Union for the countries of the Southeast Europe (SEE), facilitating faster integration of the SEE region into the European Union.
Vojvodina is the engine of Serbia’s economic development and a host region to some of the most renowned companies, such as Stada, Lafarge, Carlsberg, Erste Bank, Japan Tobacco International, Henkel, Anheuser-Bush InBev, Nordzucker, Coca Cola, Saint Gobain, Loher GmbH, Groupe Lohr, Boxmark, Credit Agricole and many others.
Vojvodina is a member of the DKMT Euro region – (Danube – Kris – Mures – Tisa) that covers southern Hungary, western Romania and Vojvodina (northern Serbia) which aims to foster the cooperation and development within the region.
source: Vojvodina Investment Promotion