SERBIA
QUALITY
WORKS
Jelena Akovic
Senior Legal Advisor
Serbia Investment and Export Promotion Agency
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
ABOUT SERBIA
Official Name: Republic of
Serbia
Area: 88,361 km
2
Population: 9.5 million
Official Language: Serbian
State Form: Democratic
Republic
Capital: Belgrade (1.7
million)
Currency: Serbian Dinar
Serbia Investment and Export Promotion Agency
EU ACCESSION PLANS
The Stabilization and Association Agreement
(SAA) signed in April 2008;
SAA ratified by EU parliament in January 2011
EU candidate status received on March,1
st
2012;
Trade interim agreement with EU;
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Serbia Investment and Export Promotion Agency
DEVELOPMENT OF ROAD INFRASTRUCTURE
International – Corridor VII
National – South Adriatic Highway,
Regional Motorways
Aim to connect all the major centers of
Serbia Investment and Export Promotion Agency
TRENDS AND PROJECTIONS OF SERBIAN ECONOMY
Projected by Serbia Ministry of Finance, National Bank of Serbia, World Economic Outlook Database and International
Monetary Fund
2005
2006
2007
2008
2009
2010
2011
2012
GDP growth rate (%)
5.4
3.6
5.4
3.8
-3.5
1
2
3
Unemployment rate (%)
21.8
21.6
18.8
14.4
16.9
20
24.4
tbd
FDI (€ million)
1,275
3,430
1,597
1,660
1,372
860
1,827
tbd
Inflation (%)
13.6
7.3
11.0
8.6
6.6
10.3
7.0
4.2
Export (€ million)
3,608
5,102
6,432
7,428
5,961
7,393
8,439
tbd
Import (€ million)
8,439
10,463 13,951 16,478
11,504
12,621
14,449
tbd
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Serbia Investment and Export Promotion Agency
SERBIA ECONOMY TREND AND PLANS
Projected by Serbia Ministry of Finance, National Bank of Serbia, World Economic Outlook Database and International
Monetary Fund
Serbia Investment and Export Promotion Agency
MOST ATTRACTIVE TAX SYSTEM IN EUROPE
Salary Tax
VAT
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Serbia Investment and Export Promotion Agency
SERBIA COST TABLE
Typical monthly salaries:
Net:
Total:
Minimal salary:
184 €
303 €
Average salary in automotive ind.
305 €
503 €
Average blue collar salary
250 €
412.5 €
Average white collar salary
550 €
907.5 €
Working week:
40h
Overtime:
8h/week 4h/day
No. of shifts:
max 3
Utilities:
Electricity cost:
0.05 €/kWh
Gas cost:
0.42 €/m3
Water cost:
0.2 €/m3
Building:
Average rent cost:
4 €/sqm
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Serbia Investment and Export Promotion Agency
SERBIA FREE TRADE AGREEMENTS
European Union
EFTA
CEFTA
Turkey
Belorussia
Russia
Kazakhstan
USA –
preferential
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Serbia Investment and Export Promotion Agency
Large and mid-sized investment projects
Financial grants system
Financial grants system
Eligible projects
Large investment projects
Mid-sized investment
projects
Amount of funding (€)
Up to 17% of the
total investment
Up to 20% of the
total investment
Up to 10% of the total
investment
Minimum investment ammount
€100 million or
greater
Between €50 and
€100 million
€50 million
Minimum number of new, full-time
jobs created
300
300
150
Investments of special importance:
•
Minimum investment ammount €200 million
Serbia Investment and Export Promotion Agency
Eligible
investment
projects
Manufacturing sector
Internationally-marketable
services
Strategic
projects in the
field of tourism
Undeveloped
regions
Standard regions
Entire teritory of
the RS
Entire teritory of
the RS
Minimum
investment
500 000 €
1 000 000 €
500 000 €
5 000 000 €
Minimum
number of jobs
created
50
50
10
50
Ammount of
funding
4 000-10 000 €
4 000-10 000€
4 000-10 000€
4 000-10 000€
Financial grants system
Financial grants system
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Serbia Investment and Export Promotion Agency
FOREIGN INVESTMENTS IN SERBIA
Since 2001 Serbia attracted more then 1
Since 2001 Serbia attracted more then 1
9
9
billion EUR of investments
billion EUR of investments
Serbia Investment and Export Promotion Agency
Italian investments in Serbia
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Serbia Investment and Export Promotion Agency
Società
Settore
Tipo d’investimento
Valore
(mil. EUR)
FIAT
Automobilistica
Joint Venture
944
INTESA SAN PAOLO
Bancaria
Acquisizione
660
FONDIARIA SAI
Assicurazione
Privatizzazione
220
GOLDEN LADY
Tessile e abbigliamento
Greenfield
96
BENETTON Group
Tessile e abbigliamento
Brownfield
43,4
FANTONI
Legno e arredamento
Privatizzazione
31
GENERALI GROUP
Assicurazione
Acquisizione
30
SFIR
Agroalimentare
Acquisizione
25
FINDOMESTIC BANK
Bancaria
Acquisizione
24
CALZEDONIA
Tessile e abbigliamento
Greenfield
20
FULGAR
Tessile
Greenfield
20
Serbia Investment and Export Promotion Agency
Anno
Esportazione dalla Serbia
Milioni €
Importazione nella Serbia
Milioni €
2005
525.1
732.8
2006
736.1
872.9
2007
799.5
1292.8
2008
763.3
1475.6
2009
586.1
1111.0
2010
843.9
1078.8
2011
936.6
1557.6
Nel 2011, secondo i dati pubblicati da parte del Istituto per la Statistica della Serbia, l’Italia risulta il terzo
partner commerciale della Serbia, dopo la Federazione Russa e la Germania
L’esportazione dalla Serbia all’ Italia: abbigliamento, acciaio, ferro, metallo colorato, calzature e articoli di
plastica.
L’ esportazione dall’Italia verso la Serbia: veicoli, macchinari, tessuti, macchinari ad uso speciale,
abbigliamento, etc.
SERBIA - ITALIA
Rapporti commerciali
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Serbia Investment and Export Promotion Agency
TRADITION OF AUTOMOTIVE INDUSTRY IN SERBIA
Current no. of Companies: around 100
Number of Employees: around 24,000
Turnover 2010: 861.7 million EUR
Largest Companies:
Fiat Automobiles Serbia
Michelin - Tigar Tyres
Trayal
CIMOS Livnica Kikinda AI
DAD Dräxlmaier
Yura Corporation d.o.o.
1939
1954
1965
1971
1988
2008
2012
Serbia Investment and Export Promotion Agency
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Serbia Investment and Export Promotion Agency
Serbia Investment and Export Promotion Agency
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
Serbia Investment and Export Promotion Agency
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2010.
Serbia Investment and Export Promotion Agency
About SIEPA
Investment
Promotion
Information
Provision
Location
Advisory
Project
Management
Project
Aftercare
Serbia Investment and Export Promotion Agency
DATABASE DI BROWNFIELD E GREENFIELD
LOCATIONS
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Serbia Investment and Export Promotion Agency
SIEPA SUPPLIERS DATABASE
Serbia Investment and Export Promotion Agency
SERBIA INVESTMENT AND EXPORT PROMOTION AGENCY
3, Vlajkoviceva St.
11000 Belgrade, Serbia
Phone: +381 11 33 98 55 0
Fax: +381 11 33 98 81 4
E-mail: office@siepa.gov.rs
www.siepa.gov.rs