Sitemap

UNCTAD: Serbia attracted $3,4 billion FDI in 2020 – 3rd among economies in transition

Ethiopians Feisa And Tzekole Are Winners Of The Belgrade Marathon

Ethiopian Mulgeta Birhanu Feisa and his compatriot...

CorD Charity Masters Held At The Belgrade Marathon

Traditional humanitarian run CorD Charity Masters was...

Metro Marks IDAHOBIT – International Day Against Homophobia And Transphobia

METRO Cash&Carry Serbia marks IDAHOBIT – International...

Swiss Cooperation Program For Serbia 2022-25 Introduced

Support of Switzerland for Serbia in the...

UN Calls For Renewable Energy Push Following Damning Climate Report

UN chief Antonio Guterres has called for more investment in renewable energy and an end to the millions of...

US And Global Banks Unveil Multi-billion Dollar Plan To Address Worldwide Food Crisis

The U.S., several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a...

EU Commission Proposal Suggests Mandatory Solar Rooftops

The EU wants to increase its solar generation capacity in response to the invasion of Ukraine. The European Commission has...

Quarter Of Britons Resort To Skipping Meals

A quarter of Britons have resorted to skipping meals as inflationary pressures and a worsening food crisis conflate in...

French Companies Show Increased Interest In Investing In Serbia

The French Development Agency is showing increased interest in investing in Serbia, said H.E. Pierre Cochard the French ambassador...

In Serbia FDI inflow reached $3,4 billion, in the previous year and it placed the country at third position regarding attracted FDI among economies in transition, right behind the Russian Federation ($9,7 billion) and Kazakhstan ($3,4 billion), according to the newly published UNCTAD “World Investment Report 2021”. 

The Report states that South-East Europe had around $6 billion FDI in total, which indicates that more than half of the FDI of the region in 2020 came to Serbia

As published in the analysis, South-East Europe has faced decrees in FDI inflow by 14% compared to the previous year, although to a far lesser extent than in the CIS and Georgia (-64 percent, to $18 billion). 

Moreover, Report highlights that activities related to supplying global value chains were under pressure in practically all countries, explaining part of the decline in FDI. Delays in implementing export-oriented investment projects related to GVCs weighed on inflows to the South-Eastern European economies. Despite South-East Europe’s close links with the EU, which could translate into nearshoring activities, new projects were slow to materialize in the early phase of the crisis, reports UNCTAD. 

As for Serbia, the “World Investment Report 2021 emphasizes that despite the interruptions in trade and GVCs, the automotive industry registered some expansions, such as that of the Magna Seating plant and of Cooper Tire & Rubber (United States). 

When it comes to the economies in transition, FDI flows declined by 58 percent to $24 billion in 2020. Most economies in the region – including the Russian Federation – experienced declines, though to greatly varying degrees. FDI grew in only three countries: Belarus, Kazakhstan, and Montenegro.

Economies in transition continued to receive most of their inward FDI from Western European economies. The top 10 also included China, the Russian Federation, and the United States. 

Photo: Shutterstock/Novikov Aleksey

Related Articles

French Companies Show Increased Interest In Investing In Serbia

The French Development Agency is showing increased interest in investing in Serbia, said H.E. Pierre Cochard the French ambassador to Belgrade, during talks with...

EC: Serbia’s Growth Is 3.4 % This Year, In The EU Eurozone 2.7 %

The European Commission forecasts growth of Serbia's gross domestic product of 3.4 per cent this year and 3.8 per cent in 2023, according to...

Baerbock: Brussels Must Keep Its Promise Of EU Membership To The Western Balkans

On the eve of the EU Council of Foreign Ministers in Brussels, German Foreign Minister Annalena Baerbock pointed out that the EU must not...

Ethiopians Feisa And Tzekole Are Winners Of The Belgrade Marathon

Ethiopian Mulgeta Birhanu Feisa and his compatriot Tsedal Tzekole are the winners of the jubilee 35th Belgrade Marathon. Feisa ran 42,195 meters in a time...

Brussels: Leaders Of The Western Balkans Reaffirm Commitment To EU Path

EU Foreign Minister Josep Borrell reiterated at a working dinner he organized in Brussels for Western Balkan leaders that it is important to harmonize...

Kosovo Officially Submits Application For Membership In The Council Of Europe

Kosovo has officially submitted the application for membership in the Council of Europe. Such a move has been confirmed through a statement published by Kosovo’s...

President Of The Bundestag: Extremely Good Relations With Serbia

President of the Bundestag Berbel Bas during the talks with the Ambassador of Serbia in Germany H.E Snezana Jankovic, assesed that the bilateral relations...

Oracle Opens Regional Center In Kragujevac

Commercial agreement was signed with the IT giant corporation Oracle which marked the opening of its first regional center in Southeast Europe. The contract was...