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Many German companies are considering coming to Serbia

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Many companies are considering coming to Serbia as part of a strategy of securing suppliers in nearshoring instead of the far east, said today the president of the Board of Directors of the German-Serbian Chamber of Commerce (AHK Serbia), Udo Eichlinger.
Also, German companies that already operate in Serbia will continue to invest despite the situation with the corona virus, Eichlinger told Tanjug.
“We are currently talking to several companies that are currently in the process of evaluating the market in Serbia, which as an investment destination competes with Hungary, Romania and Bulgaria,” Eichlinger told Tanjug.
He pointed out that these are well-known and reference companies that are already in talks with the Government of Serbia, but that he cannot reveal their names, since that is still confidential information.
He expects Serbia to win that race. He also points out that our country should therefore continue to improve the business environment, in order to be even more attractive for investors.
“Serbia will certainly be among the first countries globally when it comes to attracting foreign direct investments,” Eichlinger said, talking about expectations for this and next year.
Regarding the attraction of foreign investors, I expect a very positive development of the situation in Serbia in 2021, Eichlinger emphasized.
Light at the end of the tunnel
Asked if he expects an economic recovery this year, he says that it is still early to give forecasts, considering that we are currently in the third wave of the pandemic, but that in any case, due to the beginning of vaccination, “light at the end of the tunnel” can be seen.
He is of the opinion that it is necessary to vaccinate as many people as possible in order for the economy to function stably.
He emphasized that it is important for Serbia to keep as many educated and talented young people as possible, to remove the remaining administrative obstacles and to work even harder on digitalization in order to improve the business environment.
However, he states that the speed with which Serbia is introducing services within e-government is very surprising, and that some things are being done even faster than in Germany.
He mentioned that Serbia may have skipped the second and third industrial revolution, but that it is now starting with the fourth and that it is on a good path in terms of digitalization, Blic reports.

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