SERBIA QUALITY WORKS
Jelena Akovic
Senior Legal Advisor
Serbia Investment and Export Promotion Agency
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Serbia Investment and Export Promotion Agency
ABOUT SERBIA
� Official Name: Republic of
Serbia
� Area: 88,361 km2
� Population: 9.5 million
� Official Language: Serbian
� State Form: Democratic
Republic
� Capital: Belgrade (1.7
million)
� Currency: Serbian Dinar
(RSD)
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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,1st
2012;
�Trade interim agreement with EU;
�Visa liberalization for Serbian citizens;
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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
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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
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Serbia Investment and Export Promotion Agency
MOST ATTRACTIVE TAX SYSTEM IN EUROPE
Salary Tax VAT
Corporate Profit Tax
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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
Average building cost: 400 €/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
trade
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Serbia Investment and Export Promotion Agency
Large and mid-sized investment projects
Financial grants systemFinancial grants system
Eligible projectsLarge 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 created300 300 150
Investments of special importance:
•Minimum investment ammount €200 million
•Minimum number of new, full-time jobs created 1000
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Serbia Investment and Export Promotion Agency
Eligible
investment
projectsManufacturing sector
Internationally-
marketable
services
Strategic
projects in the
field of tourism
Undeveloped
regionsStandard regions
Entire teritory of
the RS
Entire teritory of
the RS
Minimum
investment500 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 systemFinancial grants systemStandard-scale projects
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Serbia Investment and Export Promotion Agency
FOREIGN INVESTMENTS IN SERBIA
Since 2001 Serbia attracted more then 1Since 2001 Serbia attracted more then 199 billion EUR of investmentsbillion EUR of investments
FDI BY COUNTRY IN EUR MILLIONS
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Serbia Investment and Export Promotion Agency Italian investments in Serbia
Izvor: NBS
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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
Presenza Italiana in Serbia
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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
Fonte: Dati sul commercio estero Istituto Nazionale di Statistica
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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
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Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2004
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Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2006
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Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2008
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Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2010
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Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2012
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Serbia Investment and Export Promotion Agency
About SIEPA
Investment
Promotion
Information
Provision
Location
Advisory
Project
Management
Project
Aftercare
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Serbia Investment and Export Promotion Agency
DATABASE DI BROWNFIELD E GREENFIELD
LOCATIONSwww.serbia-locations.rs
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Serbia Investment and Export Promotion Agency
SIEPA SUPPLIERS DATABASE
The largest database of Serbian industry – www.siepa.gov.rs
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Serbia Investment and Export Promotion Agency
S E R B I A
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: [email protected]
www.siepa.gov.rs
Serbia Investment and Export Promotion Agency