Foreign investors seemingly unfazed by Serbia’s numerous economic and political problems
Published:
3 July 2004 y., Saturday
Many western banks and companies are likely to continue investing in Serbia, despite ongoing political instability, the persistence of organised crime and the slow pace of reform.
The narrow victory of the Democratic Party candidate Boris Tadic over his Serbian Radical Party rival Tomislav Nikolic in the June 27 presidential ballot will have come as a great relief to many liberal Serbs concerned that an SRS triumph, on top of all the other problems blighting the republic, would scare off foreign investment.
Far-right gains are thought to stem from the public’s dissatisfaction with the economic reforms of the last few years and the hardships that have accompanied them.
Nonetheless, a number of western investors interviewed by IWPR said that they would continue to regard Serbia as a good bet, even if Nikolic had won - and would only get cold feet in the event of the European Union or the Americans imposing sanctions on Belgrade.
Western investors said they were confident that Serbia would in time develop into an advanced, democratic country. They said they were particularly attracted by the republic’s geographical position – in the heart of south-east Europe - and transport network; educated and skilled workforce; and the willingness of a significant proportion of the population to embrace reform.
Šaltinis:
IWPR
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »