Serbia’s minister of finance explains why the country is one of Europe's economic stars, and how its FDI levels have risen on the back of this.
Serbia surges forward
In 2019, Serbia was the country with the largest amount of greenfield foreign investment, relative to the size of its economy, according to a ranking from fDi Magazine. This surge in foreign companies setting up new operations in the country has been driven by Serbia's manufacturing sector, especially in automotives. Although there is room for improvement, Serbia's low costs for qualified labour, strategic geographic location, and strong government subsidies, have sweetened its FDI-offering. The nation's budding tech scene is another space to watch.
Originally published in the February/March issue of fDi Magazine. Costs of this report were underwritten by the following sponsors: Ministry of Finance of Serbia, The Chamber of Commerce and Industry of Serbia, the Free Zones Administration of Serbia, Free Zone Subotica, Free Zone Svilajnac, Free Zone Uzice, Free Zone Priboj and Free Zone Smederevo. Reporting and editing were carried out independently by fDi Magazine.
Serbia's automotive companies drive inward investment
Foreign investment into Serbia is growing at a healthy pace thanks to its attractive automotive manufacturing industry and highly regarded free zones.
How Serbia has landed on the tech radar
Serbia’s technology cluster is gaining momentum and attracting FDI, for both its software and hardware expertise.
Spotlight: Serbian free zones
Serbia’s 15 free zones are driving forward an ongoing flurry of foreign investment in the country’s buoyant manufacturing scene, especially in automotives.
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