Printer Friendly Version THE FINANCIAL TIMES ABOUT SERBIA’S SUCCESS IN FISCAL AND ECONOMIC REFORMS @ 20 February 2020 11:49 AM

The Financial Times“ (FT) wrote about Serbia’s successful economic and fiscal reforms in three articles and an interview with Minister of finance of the Republic of Serbia Mr. Siniša Mali, underlining that the country’s GDP has been rising since 2014.
       “After a sharp drop in 2012, FDI into Serbia has flowed back, with improvements in employment and public debt accompanying rise in GDP. Serbia has almost non-stop FDI growth for seven years, bouncing back after inflows plummeted in 2012, according to World Bank data“.          
       In the interview for FT, Minister of Finance Mr. Siniša Mali informed about new investment plan, “Serbia 2025”, according to which, in addition to budgetary funds, an additional € 14 billion will be invested in basic infrastructure.
       The British daily pointed out that greenfield foreign investment to Serbia has grown steadily since 2014, when inflows dropped, to hit unprecedented highs in 2018. Serbia was recently ranked the world’s number one recipient of greenfield foreign investment when taking into account GDP levels, according to a 2019 list from fDi Intelligence.
       FT emphasizes this new stability has drawn investment from the EU, the US and China. With economic revival and reforms underway, foreign investors are stepping up their interest in Serbia. The majority of this, about 70%, still comes from EU countries, especially Germany, Italy, the Netherlands and Austria, who have invested heavily in Serbian manufacturing, especially automotive components. American FDI is another prominent player, while Chinese investment has grown significantly in recent years. Human resources are also stressed as one of the country's strengths - Serbia is ranked 27th among the 157 countries by the World Bank's Human Capital Index, the highest in the region.
       In the interview for FT, Minister of Finance Mr. Siniša Mali, also, informed about new investment plan, “Serbia 2025”, according to which, in addition to budgetary funds, an additional € 14 billion will be invested in basic infrastructure.
       Among other things, special emphasis is placed on the development of IT services, software and hardware sectors in Serbia, stressing that this is the fastest-growing economic segment in the country, which exports have grown strongly since 2015. Serbia experienced an unprecedented level of foreign investments in the IT sector in 2019.
      “The financial times” concluded that the development of the technology sector in Serbia could reverse the "brain drain" process present throughout the region.