According to the January 2022 Development Agency of Serbia report, the agricultural sector recorded a significant inflow of foreign investments indicating that Serbia is fertile ground for investment in agriculture. The industry showed remarkable resilience during the crisis caused by the COVID-19 pandemic, when many countries faced food shortages. Meanwhile, during this period (January to November 2021), cereals, cereal-based products, fruits, and vegetables were among the most crucial Serbian export products. Serbia has a long-standing agricultural tradition and optimal conditions for the development of this sector. Its land is fertile, the climate is optimal, and there is excellent potential for […]
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On January 21, 2021, the Republic of Serbia and the U.S. Government signed the Investment Incentive Agreement (“IIA“), still waiting to be ratified by the Serbian Parliament. The IIA paves the way for the U.S. International Development Finance Corporation (DFC) to provide investment services in Serbia. In September last year, DFC opened its first office on this side of the Atlantic, right here in Belgrade . The opening of DFC’s office in Belgrade is indeed a significant step forward in US-Serbia relations. However, this is not their first foray into economic cooperation in this field. IIA, judging by the available information […]
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To create a more favorable business environment for domestic and foreign companies wishing to invest in Serbia, and to enhance the national economy, a new Decree on the Conditions and the Manner of Attracting Investments1 (Decree), announced by the Act on Investments2, has been enacted on 11 March 2016. Relying on the Serbia Investment and Export Promotion Agency’s (SIEPA) 2015 Decree on the Conditions and Manner of Attracting Direct Investments3 (SIEPA Decree), the new Decree provides for incentives in the form of grants or, under certain conditions, exemption from customs duties, both for the investments in new production facilities (greenfield […]
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