Serbia slightly improves position in economic freedom ranking.

By bne IntelliNews January 13, 2011
Serbia was rated 101st in a ranking by the U.S.-based Heritage Foundation, with a score of 58, up by 1.1 points, the 2011 Index of Economic Freedom showed. Serbia registered modest improvements in six of the 10 economic freedom categories. The country ranked 38th out of 43 countries in Europe and its overall score is below the world average. It still ranks as mostly non-free. According to the report, Serbia had implemented significant structural reforms over the last decade. However, Heritage Foundation assessed that deeper reforms are required to tackle bureaucracy, reduce corruption, and reform a weak judicial system that is exposed to political interference. Economic freedom in Serbia generally suffers from lack of adequate institutional support or political will to implement the required reforms. Government spending is high and poorly managed, withholding Serbias economic potential. The biggest improvement was registered is Serbia's investment freedom score, which rose by 10 points to 60. According to the report, Serbian law provides for national treatment of foreign capital, and investment is not screened. Most sectors of the economy are open to foreign investment and the investment environment is improved, but regulatory uncertainty and corruption discourage foreign investment. The country's labour freedom score was down by 3.3 points to 68.9 reflecting the lack of dynamism on the local labour market.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

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

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

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

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

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

Follow Us On

Most Read

  1. Saudi Arabia to scale back plans for Neom city
    6 days ago
  2. Iran vs Israel: Who is better equipped for war?
    2 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. The ruble overtakes the yuan as Russia's main currency for settling international trade deals
    7 days ago
  5. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    17 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    21 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    26 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    19 days ago

Reports

Dismiss