Croatia and Switzerland become largest foreign investors in Serbia in 2012.

By bne IntelliNews March 19, 2013
Croatia and Switzerland were the largest foreign investors in Serbia in 2012 with net foreign direct investments of EUR 119mn and EUR 78mn, respectively, central bank data showed. Italy ranked third, investing a net of EUR 72mn, followed by Luxembourg (EUR 64mn) and Austria (EUR 55mn). Overall, 20 countries recorded negative net FDI inflows in Serbia in 2012, totalling EUR 505mn, with Greece and Denmark topping the list with outflows of EUR 296mn and EUR 178mn, respectively. FDI (excluding foreign investments in kind) fell to EUR 210mn (0.7% of GDP) in 2012, their lowest value since 2002, from 1.8bn (5.8% of GDP) in 2011. Net foreign direct investments covered only 7% of the CA deficit in 2012, down from close to 64% in 2011. At the end of 2012, Serb finance minister Mladjan Dinkic said Serbia needs to attract at least EUR 2bn annually as of 2013 to support its economic recovery.

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