Announced investment cycle to boost GDP - economists

Serbian President Aleksandar Vucic has announced the launch of a new investment cycle worth up to 10 bln euros.

24 Jun 2019 20:42

BELGRADE - Serbian President Aleksandar Vucic has announced the launch of a new investment cycle worth up to 10 bln euros.

Speaking to Tanjug Monday, economists agreed this would accelerate GDP growth, attract even more foreign investors and reduce unemployment.

Foreign Investors Council Vice President Vladislav Lalic said the body believed this was "the correct decision that definitely can have a positive effect on the Serbian economy" and that funds should be directed to road and rail transport projects, real estate and a Belgrade metro system.

Dubravka Negre. head of the European Investment Bank's regional office for the Western Balkans, said the heavy rainfall over the past few days demonstrated the significance of investing in infrastructure.

Economist Ivan Nikolic said the rate of investments in Serbia was "satisfactory at present, but the investments still seem to be haphazard and mostly governed by FDI activities. With the announcement of such a major investment plan, we introduce certainty and control of the process," said Nikolic, adding that the current ample investments in infrastructure should be continued but that housing construction should be given a bigger boost.


Photo: freeimages.com


top of page