The Serbian government is fully committed to the pro-investment model of economic growth, Serbian Deputy Prime Minister Verica Kalanovic said in the talks with members of a high business delegation from Korea.
During the meeting with representatives of Korea’s leading companies, such as Daewoo, Samsung C and T, Hyndai Corporation, Korea Telecom, KDB Bank, Kosep and CAP Corporation, Kalanovic presented the possibilities and benefits of investing in Serbia and underscored that the government is investing considerable efforts with a view to creating the best possible business climate.
The deputy prime minister said that Serbia is particularly interested in investments coming from Korea, since it maintains exceptionally good cooperation with its biggest investor from Korea so far, that is, Yura company.
Yura demonstrated exceptional efficiency and speed in the investment project realisation in Serbia, Kalanovic assessed and recalled that the company is building its fourth factory in Serbia in less than two years.
The Serbian official also informed the business delegation about the possibilities and incentives the government offers to investors. Serbia’s benefits comprise numerous bilateral free trade agreements with countries from the EU, CEFTA, EFTA, the Customs Union of Russia, Belarus and Kazakhstan which covers a duty free market of over one billion people, Kalanovic said.
The talks also covered the possibility of cooperation in the area of infrastructure and energy, since the representatives of Korea’s delegation expressed interest in this area as well. The meeting was attended by representatives of the Korean Embassy in Serbia, World Bank office, Serbia Investment and Export Promotion Agency, Ministry of Economy and representatives of the European Investment Bank.
After China, Japan and India, the Republic of Korea is the fourth economic force in Asia, it ranks 15th on the global level, and also holds the 10th place on the list of greatest exporters. At the end of 2010, Korea’s GDP growth totalled 5.9 per cent.
Source emg.rs
