Serbia, Where did the most foreign direct investments come from?

In a year of inflation, the energy crisis and the war in Ukraine, foreign direct investments slightly and unexpectedly exceeded last year’s level and, according to the data of the National Bank of Serbia, reached around 4.3-4.4 billion euros this year.

Today, the National Bank also published data on foreign direct investments by country of origin, albeit for the first nine months of this year. In this period, the inflow of FDI amounted to 2.8 billion euros.

Looking at countries, by far the largest inflow of investments came from China – a little over one billion euros.

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On the list of countries of origin of the largest investments, Great Britain follows with 260.7 million euros, followed by Germany with 247.6 million euros.  Japan is in fourth place with investments worth around 200 million euros.

Cyprus follows as the country of origin of 185 million euros of investments, although often the origin of the company that invests through Cyprus is completely different, while the investment is made through a company registered in this island country due to tax benefits.Slovenia is in fifth place with 166.6 million euros. 163.7 million euros came from Austria, and 162.6 million euros from Switzerland.

The USA is in ninth place with around 95 million euros invested in the first three quarters of this year in Serbia.

The list of the largest investors also includes the Netherlands, Bosnia and Herzegovina, Ireland, Russia, Hungary and Italy.

Also, capital from Serbia has flowed in a net amount to several countries. This applies mostly to France – 143 million euros and Greece 71 million euros. The outflow of capital can be either based on the withdrawal of capital by foreign residents or based on the investment of our residents in a foreign country.

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Among the countries with which we had a negative investment relationship are Poland, Spain and Bulgaria.

Looking at the areas in which investments have entered, the manufacturing industry dominates with 1.3 billion euros, and above all the production of tires and plastics with 444 million and the production of motor vehicles with 294 million euros.

In construction, foreigners invested almost one billion, or more precisely, 999 million euros in nine months of this year, and in wholesale and retail trade, including car repair, 300 million euros. 226 million euros were invested in real estate business.

The sector from which the most capital flowed was financial activities, where a minus of 387 million euros was recorded, Danas reports.

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