Serbia has taken important steps to implement the reforms necessary for attracting foreign and domestic investors. Given Serbia’s strong potential, such positive changes in what is the largest economy in the Western Balkans will have a wider impact throughout the region.

Overall, the authorities’ comprehensive adjustment and reform program has delivered very good results in its first year, in terms of growth, jobs and reduced fiscal and external imbalances. The IMF Delegation was satisfied with the progress Serbia had made in macroeconomic stability and fiscal consolidation.

Our decision (to invest in Serbia) was based on a high confidence to find a very motivated and skilled workforce, to have optimal logistics conditions from and to the other European countries, to develop an intense cooperation with technical high schools and universities and to build a strong partnership with the national and local authorities.

The Serbian government has also moved ahead with an ambitious economic and structural reform agenda which will contribute to a more attractive business environment: restoring growth, improving competitiveness and creating new jobs.