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WASHINGTON – The investment climate in Serbia has improved in recent years and the country has made significant progress, according to the State Department in its annual report, which regularly prepares for 165 foreign markets in order to help US companies. to make business decisions.
According to the report, the improvement of the investment climate in our country is based on macroeconomic reforms, greater financial stability, better fiscal discipline and the process of accession to the EU, which is an incentive for legal changes that improve the business environment, the State Department said.
As stated, the Government of Serbia successfully completed a three-year stand-by agreement with the IMF and exceeded all its fiscal targets for 2018, and Serbia advanced four places on the World Bank’s Doing Business list and is now ranked 44.
The State Department notes that attracting foreign investment is an important priority for the Serbian government and emphasizes that US investors evaluate Serbia positively, especially the strategic position of the country, well-educated and profitable workforce, excellent knowledge of English, incentives to investment and free trade agreements with keys. markets, mainly with the EU.
It is also estimated that despite significant progress, Serbia still faces challenges, especially in terms of administrative delays and corruption. It is claimed, as RFE reports, that Serbian companies face temporary restrictions on the export of agricultural products for all medicines in March and April 2020, due to the kovid 19 pandemic.
The report adds that the Serbian government has marked economic growth and job creation as top economic priorities and is committed to solving a host of problems related to the country’s slow transition to market-oriented capitalism, reports Beta.
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