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Growth opportunities

SEE’s GDP grew faster than that of the EU in 2001-2017; predicted to accelerate in the years to come

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Ease of doing business

Starting a business in the SEE is the easiest compared to Latin America, East Asia and Pacific, Middle East and North Africa in terms of days and procedures

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Strong investors’ confidence

Strong investors’ confidence in the SEE - bringing steady above US$4.5bn per year to the region in the period 2013-2017

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Continuous improving

Continuous improving business environment – Doing business ranking in 2017 shows major progress of the region compared to 2008

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Strategic location

Access to EU market, Russia, Middle East via Turkey; strategic location for investment and trade opportunities and abundance of geo-natural resources

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Skilled workforce

Availability of skilled workforce across various sectors, particularly manufacturing, ICT, further strengthens region’s FDI regime

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Competitive lending rates

SEE region offers competitive lending rates, lower than major emerging markets such as BRICS

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Emerging innovation hub

SEE is emerging as an innovation hub with smart and innovative technology solutions

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GDP USD 11.87 billion
GDP per capita USD 4,126
population 2,876,000
FDI (2012 - 2016) USD 5,300 million

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GDP USD 16.55 billion
GDP per capita USD 4,298
population 3,854,000
FDI (2012 - 2016) USD 1,755 million

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GDP USD 6.62 billion
GDP per capita USD 3,602
population 1,839,000
FDI (2012 - 2016) USD 1,189 million

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GDP USD 10.91 billion
GDP per capita USD 5,264
population 2,073,000
FDI (2012 - 2016) USD 1,387 million

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GDP USD 4.18 billion
GDP per capita USD 6,707
population 623,000
FDI (2012 - 2016) USD 2,489 million

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GDP USD 37,75 billion
GDP per capita USD 5,348
population 7,058,000
FDI (2012 - 2016) USD 9,994 million

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Why SEE

SEE region is one of the fastest growing regions in Europe, with rates forecasted at 3%-4%. In addition, the region is marked by overall macroeconomic stability featured by low inflation, low budget deficit and stable public debt. SEE region’s economies are continuously improving their business environment, offering a favorable cost structure — characterized by comparatively low labor and utility costs, and a favorable tax regime. SEE’s location provides easy connectivity for trade and transportation, with great position to serve the markets of the EU, Russia, Turkey, the Middle East, and Northern Africa.

Favorite tax

Favorable tax regime & Attractive lending rates

Strategic

Strategic location & Interconnected region

Skilled

Skilled workforce

Abundance

Abundance of geo natural resources


Lending rates in the SEE region compared to BRICS

Brasil
6.8%
Russia
7.5%
India
6.0%
China
4.4%
South Africa
6.8%
Albania
1.3%
Bosnia and Herzegovina
3.9%
Macedonia
3.3%
Serbia
3.5%
Source: Bloomberg L.P and local central banks
Note: No data for Montenegro and Kosovo since they adopted euro as their national currency

GDP growth rate (in %)

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Source: EBRD, Transition Report 2017-18

Fiscal balance, % of GDP

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Source: World Bank, Western Balkans Regular Economic Report, No 12

FDI inflows, in USD millions

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Source: UNCTAD, Investment Report 2017

Public debt, % of GDP

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Source: World Bank, Western Balkans Regular Economic Report, No 12

Credit ranking by Standard & Poor's

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Doing business rank

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Source: World Bank - Doing Business Report

Latest updates

Long Awaited Skiing Infrastructure on Mt. Kopaonik

Long Awaited Skiing Infrastructure on Mt. Kopaonik

The construction of a new cabin car line is envisaged from Brzeće to Mali Karaman.

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Parking Service

Parking Service

The City of Belgrade announced a public call for the concession of financing, constructing, maintenance and management of four underground garages in the Serbian capital.

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Airports

Airports

Airports Nikola Tesla in Belgrade and Konstantin Veliki in Niš are planning to expand their terminals.

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The Construction of the First Highway in Montenegro

The Construction of the First Highway in Montenegro

China’s Communications Construction Company (CCCC) and its subsidiary, China Road and Bridge Corporation (CRBC), was elected as the preferred contractor for a priority section of the first Montenegrin highway.

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HTP Ulcinjska Rivijera AD Ulcinj

HTP Ulcinjska Rivijera AD Ulcinj

The 2017 privatization plan for the sale of state shares in the Ulcinjska Rivijera, a hospitality group operating on the south coast of Montenegro, is being implemented as announced.

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Windmill Park “Bogdanci” - II stage

Windmill Park “Bogdanci” - II stage

The realisation of the second phase of the windmill park Bogdanci – with an installed capacity of 13 MW, and the construction of six new wind turbines will mean the possibility of additional annual electricity generation of around 36 GWh.

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Investors' confidence

Arcelor Mittal

“Western Balkans are generally growing over average in the last years and there is a need for further development over the next years, especially in the sector of construction which is fundamental for us.
Furthermore the  country is well situated not only with regard to Western Balkans, but also to current EU-states as Greece, Romania, Bulgaria.”

“The overall experience is good, we were able to develop and grow the business, the above mentioned expectations have been confirmed.”

ARCELOR MITTAL, WOLFGANG MARINGER, PLANT DIRECTOR, ARCELOR MITTAL
Comfy-Angel Prilep

“One big advantage for our company is our position geographically. We are situated in the crossroad of the Balkans and have easy access by road to most European countries.”

“Strengths: geographical position, regular VAT returns, flat tax, professional relationship with the governmental institutions.”

IRENA JAKIMOVSKA, MANAGING DIRECTOR, COMFY-ANGEL PRILEP
Siemens

“Serbia has massive potential in industrial production in various verticals. Siemens’ success stories prove that Serbia in general is a very good place for a production location. Productivity and quality of the qualified workforce who are motivated and adaptive, with long industrial culture provides an attractive basis for every foreign investor. Serbia has good geographic location which enables quick and easy access to other CEE and SEE countries. Additionally, the universities bring very good engineers to the markets.”

UDO EICHLINGER, CEO, SIEMENS
Philip Morris International

“We see advantages of the reigon in availability of skilled workforce, good strategic position and competitive operating cost.”

JELENA PAVLOVIĆ, CEO, PHILIP MORRIS INTERNATIONAL
Ball Corporation

“ Overall experience during Ball`s operation in Serbia is of course very positive. The biggest strength is that the regional market is slight ahead of European average regarding beverage consumption growth and operations can work with optimum cost base. No less significant is the availability of skilled and dedicated employees. I am very pleased that Serbia and our valuable people have proven that the systemic planning of an US company in synergy with dedicated and professional staff can boost business to the highest level and bring world-class results. ”

BRANISLAV SAVIĆ, CEO, BALL CORPORATION

Partners

Ebrd

Strategic partner

Karanovic Nikolic

Content partner

Confida

Content partner

I&F McCann

Communications partner