Belgrade, Dec. 29, 2009 (Serbia Today) - Foreign investment in Serbia in 2010 may reach 2 billion EUR, mostly from suppliers of car parts for "Fiat", said Vesna Perić, CEO of the Investment and Export Promotion Agency (SIEPA) as reported by Beta Press Agency .
“Serbia needs between 3 and 4 billion EUR, but achieving 2 billion EUR worth of investments would be a very good result as well” - Ms. Perić said. According to her, there are many electronic and metal /plastic processing companies, suppliers of "Fiat", that will invest in Serbia in 2010. It was good, she said, that none of the investors had given up in 2009, but had waited to assess global demand in 2010 and 2011.
SIEPA's plan for 2010 is to focus on exporting domestic finished products to the former Soviet Union and North Africa. The Western European market is significant for semi-finished products because it is the region where Serbian companies have enough space to be competitive and become suppliers.
Perić also said that SIEPA would obtain 306m RSD from the budget for the year 2010. “We are satisfied with the fact that we are going to receive more than we got the last year (240m RSD) because the Government has recognized the need for larger funds for the growth of export and foreign investments” . The funds will be spent on organizing more trade fairs and on more market research. SIEPA has the program for internationalization of companies, according to which it covers 50% of costs for introduction of certificates, re-certification, standardization and other marketing activities that are necessary for export - said Perić and invited companies to apply for the program.
She said that Serbian companies signed contract worth 30m EUR at the trade fairs in foreign countries in 2009. Perić estimated that it was very good that Serbia had attracted 2 billion USD worth of foreign investments in the year of the financial crisis, the same as in 2008.
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