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Mr. Bojan Jankovic

SERBIA. QUALITY WORKS . Mr. Bojan Jankovic . Serbia Investment and Export Promotion Agency. Basic facts about Serbia. Location : South East Europe Crossroads of two Pan European corridors Population : 8 million Capital : Belgrade (around 2 million inhabitants) State form :

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Mr. Bojan Jankovic

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  1. SERBIA QUALITY WORKS Mr. Bojan Jankovic Serbia Investment and Export Promotion Agency

  2. Basic facts about Serbia Location: South East Europe Crossroads of two Pan European corridors Population: 8 million Capital: Belgrade (around 2 million inhabitants) State form: Democratic republic Currency: Serbian Dinar (RSD) 1USD = 93 RSD 1EUR = 62 RSD GDP pc: $7,054 (2008)

  3. SEE – Competitive and flexible Which region in Europe is most attractive in terms of labor and productivity? Flexibility of labor legislation Productivity increase Labor cost 33% 36% 49% 1 1 1 18% 14% 15% 10% 13% 16% 2 2 2 3 3 3 Western Europe Southeast Europe Central Europe Central Europe Southeast Europe Russia Ukraine Belarus Western Europe Southeast Europe Central Europe Source: Ernst & Young Southeast Europe Attractiveness Survey 2008 - 216 international executives If you want to receive the full report please contact SIEPA or Ernst and Young

  4. SEE - Attractive destination Which region is most attractive for manufacturing activities? 38% Vs. 32% in 2007 12% 12% 5% 3% 2% 1% Southeast Central Western Russia, Northern Nordic Baltic Africa countries Europe Europe Europe countries Ukraine, Belarus Source: Ernst & Young Southeast Europe Attractiveness Survey 2008 - 216 international executives

  5. Net FDI inflow in millions of USD Over $17bn of FDI since 2002 About 85% of inward FDI comes from EU countries USA, Germany, Austria, Italy, Slovenia in top 5 2008 4,200 2007 3,569 2006 4,387 2005 1,550 2004 966 2003 1,360

  6. EU Integrations; Maintaning economic stability; Infrastructure development; Ensuring energy stability; Proactive trade diplomacy; Business reforms to support FDI; Government priorities

  7. Integration processes The Stabilization and Association Agreement (SAA) with the EU signed and ratified; Membership candidacy planned for 2010; Serbia’s application for WTO accepted; accession expected in the first half of 2010;

  8. Economic stability • Strong economic performance since 2000; • Average GDP growth between 2004-2008 over 7%; • Low public debt – only 30% of GDP • Agreement with IMF as a signal of stability;

  9. Major investments into transportation corridors in the country, especially corridor X, highway and railroad; Telecom infrastructure improvement; Cargo terminal at Belgrade airport; Ports and terminals on the Danube river; Various other projects; Infrastructure development

  10. Ensuring energy stability • The “South stream” gas pipeline with a total capacity of 40 billion m3/year ; • High capacity underground gas storage in Northern Serbia; • Serbia as a regional hub for gas supply; • Construction of additional thermal power plants –two ongoing projects over 1GW; • Construction of an additional reversible major hydro power plant being evaluated; • Modernization of 2 refineries and petrochemical industry;

  11. Trade diplomacy – market access • EU market with no customs; • FTA with Russian Federation – custom free exports with limited number of exceptions; • Turkey asymmetrical FTA signed, operational from 1.1.2010; • FTA with Byelorussia; • CEFTA – duty free access to a regional 20 million people market;

  12. Favorable tax regime • One of the most attractive tax environments in Europe; • A wide spread of benefits for investors; • Free repatriation of profit; • Corporate profit tax holidays easily achievable; • No taxes on reinvested profit; • National treatment for investors;

  13. Financial incentives Non-refundable funds for investments Investment projects rated based on the : investors reference; participation of domestic suppliers; effects on R&D, HR etc.

  14. Special investment incentives • For large-scale investments of over EUR 200 million in three industrial sectors: Automotive Electronics ICT • Government provides direct and indirect incentives amounting up to 25% of the value of total investment!

  15. Trading with Serbia • Strong growth of foreign trade; • 30% average growth of exports since 2004; • Serbia’s major trade partners: • EU countries; • Russian federation; • CEFTA region;

  16. Serbian exports • Russia: • Pharmaceuticals; • Fruits and vegetables; • Industrial&Electrical machinery; • Road vehicles & components; • EU: • Steel, cooper, aluminum and related products; • Passenger and truck tires; • Petrochemicals; • CEFTA: • Electricity; • Steel, cooper, aluminum and related products; • Agrifood and confectionary;

  17. Grune Woche ,Berlin, Germany Fruit Logistica, Berlin, Germany BioFach Nirnberg, Germany Gulfood, Dubai, UAE CeBIT, Hanover, Germany Gitex, Dubai, UAE ProWein, Dizeldorf, Germany Fancy Food , New york, USA Anuga, Keln, Germany Heimtextil, Germany SIAL, Paris, France World Food Moscow, Russia Foodex, Tokyo, Japan Maderalia, Valencia, Spain Real Vienna, Vienna, Austria Expo Real, Minhen, Germany Auto Equip, Paris, France Automechanika, Germany MosBuild, Moscow, Russia CPM textile, Moscow, Russia Randez-vous, Paris, France Visit us on international fairs

  18. Serbian imports • Russia: • Oil and oil derivates; Gas; • Fertilizers; • EU: • Passenger and other vehicles; • Pharmaceuticals; • Electronic and electric machines and products; • CEFTA: • Raw materials such as coal, wood, copper, etc; • Pharmaceuticals; • Food and agro products;

  19. Perspective sectors for cooperation • Metal processing; • Automotive and components industry • Food and related products; • Furniture industry; • Pharmaceutical industry; • Textile and related products; • IT industry; Contact our experts in charge of these and other sectors at: www.siepa.gov.rs - key industries

  20. What can SIEPA do for you? • A Government organization supporting investors and Serbian companies; • Investment consultancy from A to Z; • Aftercare activities; • Networking on all levels – from municipal to the highest Government levels; • Linking potential investors to Brownfield, Greenfield, and JV opportunities, site visit organization, etc; • Advice on business service providers; • Administration of financial incentives; • Linking investors with perspective suppliers;

  21. SIEPA database of locations We maintain and regularly update our locations database SIEPA will help select a location that best suit investor needs

  22. SIEPA suppliers database On our website Search by: Sector / sub-sector Export markets Technologies used Products

  23. SIEPA publications • General publications; • Sector analysis; • Regulation overview; • Download free of charge on our web site: www.siepa.gov.rs

  24. THANK YOU! Serbia Investment And Export Promotion Agency SIEPA Vlajkoviceva 3/V 11000 Belgrade, Serbia Phone: +381 11 3398 550 Fax: +381 11 3398 814 office@siepa.gov.rs www.siepa.gov.rs

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