Serbia’s First Deputy Prime Minister and Finance Minister, Siniša Mali, met with representatives from major U.S. companies, including Citibank, Visa, Pfizer and Bechtel, to discuss Serbia’s economic policies and explore opportunities for expanding bilateral cooperation. The meeting focused on Serbia’s investment plans through 2027, particularly in the context of hosting the EXPO 2027 International Specialized Exhibition.
Mali highlighted Serbia’s economic resilience and its leadership in attracting foreign direct investments (FDI) in the region, holding a 63% regional share. Despite global challenges, he noted that Serbia’s FDI inflows have continued to grow, with a record 4.5 billion euros in FDI attracted in 2023.
“Despite global challenges and conflicts, which I hope will stabilize in the coming period, Serbia remains a regional leader in attracting foreign investments,” said Mali. He also emphasized that Serbia is heavily investing in its economy, with capital investments now accounting for 7.4% of GDP.
He pointed out that international financial institutions have recognized Serbia’s efforts, which have led to improved economic indicators. As of recently, Serbia has also achieved an investment-grade credit rating.
Mali further explained that if Serbia were to use the 6 billion euros currently in its accounts to pay down debt, the country’s public debt would only amount to 39.1% of GDP, in contrast to the global average of 93%.
Looking ahead, Mali forecasted a 4.2% GDP growth for 2024, with this year’s growth expected to be slightly under 4%. He noted that this places Serbia among the top three economies in Europe. “The EXPO will help us maintain this growth pace, alongside the free trade agreements we have signed, which are extremely attractive to foreign investors,” Mali added.
He also pointed out that the record number of work permits issued this year—70,000—reflects the country’s growing appeal as an investment destination.
In his remarks, Mali acknowledged the challenges posed by ongoing reforms but expressed optimism about overcoming administrative barriers across all sectors.
The U.S. delegation congratulated Mali on Serbia’s investment credit rating and expressed interest in further expanding cooperation with Serbia on large-scale projects currently underway or in preparation.
