Foreign investors await Serbia’s new government, Finance Minister says

Serbian Minister of Finance and Economy Bozidar Djelic, who is currently attending the World Economic Forum’s annual meeting in Davos, said on Friday that the world’s business and political leaders have voiced concern over the current developments in Serbia, and added that the majority of potential investors will wait for Serbia to form a new government before they decide to invest in the country.

Foreign investors want to know who will be charged with key sectors in the country and whether the new government will continue with the process of transition, Djelic told the Beta news agency.

What can be helpful to Serbia is that it managed to attract €1.4 billion in foreign investment last year and that there are investors who can confirm that the situation in the country is not as bad as some would like them to believe, the Minister added.

Djelic, who attended several plenary sessions as part of the annual meeting on Friday, is also due to meet with a number of foreign officials, including EU High Representative for the Common Foreign and Security Policy Javier Solana and the finance ministers of Russia and Bulgaria.

The Minister said he held talks with officials of several companies which have already established presence in Serbia, including Lafarge, Holcim and Philip Morris, as well as representatives of certain firms that might be interested in investing in Serbia, such as Nestle and Siemens.

Djelic also met with professors of foreign universities, business reporters and representatives of Transparency International.