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The improvement of business conditions in Serbia continues

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Serbian Deputy Prime Minister Zorana Mihajlovic announced on the occasion of the World Bank’s decision to stop publishing the Doing Business list, where countries are ranked according to business conditions, that she would propose that the existing Joint Group for Improving Serbia’s position on that list be reconstructed into a working group for better business environment and attracting new investment.
“The reforms we implemented in the previous period gave results in the form of a better business environment, job creation and the fact that Serbia is recognized as a leader in the region in terms of the inflow of foreign direct investment. We will continue to work on that in the future, together with all our international partners, including the World Bank, because it is much more important than the ranking itself that the better environment has contributed to GDP growth and new investments,” she said in a statement.
Mihajlovic pointed out that Serbia has progressed on the Doing Business list every year, but that it is essential that the number of investments grows.
She reminded that Serbia was on the 44th place out of 190 countries on the Doing Business list for 2020.
“Every year since 2016, we have made progress, because we have implemented reforms and enabled the improvement of business, better cooperation between the public, non-governmental sector and the business community. Our progress is the result of a determination to make political stability the basis for the economic progress we are making. Dozens of investors have recognized such a policy. Regardless of the form and name, the working group will continue to work on improving business conditions, improving the investment environment for both foreign and domestic investors,” said Mihajlovic, who is also the Minister of Mining and Energy.
She added that any reform that was positively assessed on the Doing Business list was an important additional recognition, and not the purpose of the reform activities of the Government of Serbia.
“In implementing the reforms, we took into account all important rankings and their methodology, including the Doing Business list, as well as successful examples of reform processes implemented in other countries, which can help create an even better environment for investment in Serbia,” said Mihajlovic, N1 reports.

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