In 15 and a half years, since the state support for domestic and foreign investors for projects and employment in Serbia began, slightly more than 900 million euros have been allocated from the budget, while the value of total investments is around five billion euros. This was shown by the analysis of the justification of investor incentives made by the Ministry of Economy, which, among other things, states that the Ministry concluded 342 agreements on the allocation of funds with companies and that about 100,000 jobs were created.
Criteria for granting incentives and determining the amount of funds are the amount of investment and the number of new employees for an indefinite period, the amount of gross salary to which the beneficiary is committed, the level of development of local self-government and others.
The Ministry explains to Tanjug that the incentive policy is implemented in accordance with the rules of the European Union and that the rules are strictly and clearly set, as well as the conditions under which businessmen can receive state aid.
They add that this is not about financial incentives, but about a whole series of different forms of support, because of which, as stated by the Ministry, many companies have chosen Serbia as a destination for investment, in addition to the overall stability in the country.
According to the Ministry, thanks to economic reforms, Serbia has positioned itself as one of the most important investment destinations in Central and Eastern Europe, a stable business environment, with a recognizable and attractive investment environment.
According to them, the adoption of the Law on Investments, which equalized domestic and foreign investors in terms of rights and obligations, as well as the conclusion of bilateral investment agreements that Serbia signed with other countries, contributed to the creation of conditions for improving the business climate.
When asked if they have any information about the closure of factories other than Geox, the Ministry of Economy states that no other factory, even in the year of Covid, has closed its plant, but, they added, all started projects have announced continuation and new investments.
The Ministry also says that there are more than 40 reinvestments, and they explain that these are companies that have completed both phases of the project, and which have started new investment cycles and projects, because the management of those companies recognized Serbia as a good and safe investment environment, Politika reports.
