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Why Germans loves doing business in Serbia

Germany is at the forefront of our foreign trade partners, last year the exchange was 4.8 billion euros, and is expected to exceed five billion euros this year. Germany is also among the biggest investors, which is confirmed by the arrival of Brose and MTU.

There are 450 German companies operating in Serbia, employing 60,000 people. With the arrival of new investors in Pancevo and Nova Pazova, that number will increase by another 1,100 employees. Not a single German company left Serbia, they only expand their business.

“They are investing further, employing more people. That is, as far as investments are concerned. But they are the best magnet to get more new German companies to hear from their business partners that here is the perfect environment. And most importantly – educated and cultured people “, explains Economic Advisor to the President of Serbia, Jerg Heskens.

The government says the effects of German investments are very significant for the Serbian economy.

“What is very important for Serbia is that they bring with them their business practices, business manners and this has structurally changed the economy in the Republic of Serbia, especially the SME sector, over the last five to six years,” said the State Secretary at the Ministry. economy Dragan Stevanovic.

Business magazine editor Radojka Nikolic points out that we have a significant portion of exports thanks to German companies operating in Serbia.

“They feel here like at home and our people like to work in German companies, the Germans love to work with us. So that is a good symbiosis,” Nikolic said.

What attracts German investors to Serbia, apart from subsidies and educated staff, are stable business conditions and the increasing road infrastructure and traffic connection of our country with other countries.

What they have a problem with is the lengthy customs procedures at the borders with EU countries.

“It is not on the Serbian side but the border with Hungary and Croatia, there is a long wait. And yesterday we asked Minister Altmajer to speak with Croatia and Hungary with his influence to make the process faster. As for Serbia, there is no objection from Germany. , just to invest further, ”emphasizes Jerg Heskens.

“Leoni” in the south of Serbia already has four factories, the German giant “Siemens”, after Subotica, is expanding its business in Kragujevac and “Continental” and “Henkel” have two factories each.

Source: rts.rs