Cheap labour and tax exemptions have helped to make Serbia the most attractive investment target in the Balkans, Bosnia Daily reported on March 12, citing the Serb Chamber of Commerce.
Serbia attracted $2.14bn in foreign direct investment in the first 11 months of 2011. According to KPMG, the country’s key advantages include its low business taxes and the government incentives available to investors. The state offers benefits of up to $13,000 for each new job, or up to 20% of the total investment in capital investments.
With a sluggish economy and an unemployment rate of almost 24%, Serbia is counting on foreign investment as a means to move its economy forwards. Large foreign companies that arrived in Serbia in 2011 include Belgian retailer Delhaize, German electronics company Bosch, Italian manufacturer Benetton, US rubber and tire company Cooper Tires and Austrian crystal company Swarovski.
Source Balkans
