Serbia has aligned its energy efficiency laws with European Union standards over the past three years. Finance Minister Siniša Mali expressed optimism about the country’s progress, noting that upcoming credit rating reports from Fitch and Moody’s, expected in August and September, will be crucial. Mali hopes Serbia will receive confirmation of an investment-grade credit rating, which would create a more favorable environment for future investments.
Mali acknowledged the challenges of working with the IMF, describing it as a strict but important partner. Over the past decade, Serbia has implemented many reforms, reflected in GDP growth, higher employment, and lower unemployment rates. He emphasized that IMF endorsement of Serbia’s public finances and reform path adds credibility and encourages other financial institutions and investors to engage with the country.
Highlighting Serbia’s achievements, Mali recalled that at the end of last year, Serbia received its first-ever investment-grade credit rating, signaling stability and safety for investment. This milestone has helped attract investments, create jobs, open factories, and reduce capital costs for companies and citizens.
Regarding infrastructure, Mali announced that on June 28 (Vidovdan), a new 20 km highway section from Pakovrat to Požega will open. By year-end, an additional 25 km stretch of the Danube highway from Požega to Golubac, 14 km of the Moravian Corridor, and a section from Vrba to Vrnjačka Banja will be completed. He also mentioned the upcoming opening of five new factories and ongoing investments in schools, hospitals, and other public facilities.
