Tabakovic: FDI at 1.2 bln euros in first four months of 2019

FDI in Serbia reached 1.2 bln euros in the first four months of 2019, which is a 14 pct increase y-o-y, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said Wednesday.

15 Maj 2019 18:10

BELGRADE - FDI in Serbia reached 1.2 bln euros in the first four months of 2019, which is a 14 pct increase y-o-y, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said Wednesday.

"Serbia’s economy has become more attractive to investors mainly owing to the improved business climate and favourable financial conditions, while the implementation of infrastructure projects has also accelerated," she told a press conference at the NBS.

"The inflow of capital in the financial account, largely on account of FDI of over 1 bln euros since the beginning of the year, covered the current account deficit and brought the FX reserves up."

"Since most of the FDI inflow went to tradable sectors, in the medium term we expect a further rise in exports and a gradual narrowing of external imbalance. With external debt on a downward trajectory, this further strengthens the external position of the country," she said.


Photo: Tanjug/D. Goll



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