The volume of foreign investments this year will be no less than last year’s 4.4 billion euros. State investments in infrastructure have increased, but there has been no growth in domestic investments. This is how the investment situation in 2023 was assessed by the Executive Director of the Foreign Investors Council, Aleksandar Ljubić.
Foreign investors have so far issued 23 sets of recommendations. The biggest challenges have been inflation and the global economic crisis. Our country is deeply dependent, mostly on the European Union, with 70% of everything Serbia trades (imports and exports) involving collaboration with the European Union. When there is inflation and a crisis in the European Union, it significantly impacts our country.
This year, Serbia has seen foreign investment growth of 4.4 billion (on par with last year). There was an increase in state investments in infrastructure, but there was a lack of growth in economic-domestic investments, explains our interviewee Aleksandar Ljubić.
For Serbia to achieve a foreign investment growth of at least 5%, there needs to be a 25% growth in investments in GDP. Historically, foreign investments have always been at a level of 5-8%, as are state investments, which are always around 5-7%, combining to make 15%. For stable growth, a minimum of 10% domestic investments is needed, adds our interviewee.
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