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. |
Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more
Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more
Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more