SERBIA QUALITY WORKS Jelena Akovic Senior Legal Advisor - - PowerPoint PPT Presentation
Serbia Investment and Export Promotion Agency SERBIA QUALITY WORKS Jelena Akovic Senior Legal Advisor
Jelena Akovic Senior Legal Advisor
Serbia Investment and Export Promotion Agency
ABOUT SERBIA
Serbia
Republic
million)
(RSD)
EU ACCESSION PLANS
The Stabilization and Association Agreement (SAA) signed in April 2008; SAA ratified by EU parliament in January 2011 EU candidate status received on March,1st 2012; Trade interim agreement with EU; Visa liberalization for Serbian citizens;
DEVELOPMENT OF ROAD INFRASTRUCTURE
International – Corridor VII National – South Adriatic Highway,
Regional Motorways
Aim to connect all the major centers of
Serbia
TRENDS AND PROJECTIONS OF SERBIAN ECONOMY
Projected by Serbia Ministry of Finance, National Bank of Serbia, World Economic Outlook Database and International Monetary Fund
2005 2006 2007 2008 2009 2010 2011 2012 GDP growth rate (%) 5.4 3.6 5.4 3.8
1 2 3 Unemployment rate (%) 21.8 21.6 18.8 14.4 16.9 20 24.4 tbd FDI (€ million) 1,275 3,430 1,597 1,660 1,372 860 1,827 tbd Inflation (%) 13.6 7.3 11.0 8.6 6.6 10.3 7.0 4.2 Export (€ million) 3,608 5,102 6,432 7,428 5,961 7,393 8,439 tbd Import (€ million) 8,439 10,463 13,951 16,478 11,504 12,621 14,449 tbd
SERBIA ECONOMY TREND AND PLANS
Projected by Serbia Ministry of Finance, National Bank of Serbia, World Economic Outlook Database and International Monetary Fund
MOST ATTRACTIVE TAX SYSTEM IN EUROPE
Salary Tax VAT Corporate Profit Tax
SERBIA COST TABLE
Typical monthly salaries: Net: Total: Minimal salary: 184 € 303 € Average salary in automotive ind. 305 € 503 € Average blue collar salary 250 € 412.5 € Average white collar salary 550 € 907.5 € Working week: 40h Overtime: 8h/week 4h/day
max 3 Utilities: Electricity cost: 0.05 €/kWh Gas cost: 0.42 €/m3 Water cost: 0.2 €/m3 Building: Average rent cost: 4 €/sqm Average building cost: 400 €/sqm
SERBIA FREE TRADE AGREEMENTS
European Union EFTA CEFTA Turkey Belorussia Russia Kazakhstan USA – preferential trade
Large and mid-sized investment projects
Financial grants system Financial grants system
Eligible projects
Large investment projects Mid-sized investment projects Amount of funding (€) Up to 17% of the total investment Up to 20% of the total investment Up to 10% of the total investment Minimum investment ammount €100 million or greater Between €50 and €100 million €50 million Minimum number of new, full-time jobs created 300 300 150
Investments of special importance:
Eligible investment projects Manufacturing sector Internationally- marketable services Strategic projects in the field of tourism Undeveloped regions Standard regions Entire teritory of the RS Entire teritory of the RS Minimum investment 500 000 € 1 000 000 € 500 000 € 5 000 000 € Minimum number of jobs created 50 50 10 50 Ammount of funding 4 000-10 000 € 4 000-10 000€ 4 000-10 000€ 4 000-10 000€
Financial grants system Financial grants system
Standard-scale projects
FOREIGN INVESTMENTS IN SERBIA Since 2001 Serbia attracted more then 1 Since 2001 Serbia attracted more then 19 9 billion EUR of investments billion EUR of investments
Italian investments in Serbia
Izvor: NBS
Società Settore Tipo d’investimento Valore (mil. EUR)
FIAT Automobilistica Joint Venture 944 INTESA SAN PAOLO Bancaria Acquisizione 660 FONDIARIA SAI Assicurazione Privatizzazione 220 GOLDEN LADY Tessile e abbigliamento Greenfield 96 BENETTON Group Tessile e abbigliamento Brownfield 43,4 FANTONI Legno e arredamento Privatizzazione 31 GENERALI GROUP Assicurazione Acquisizione 30 SFIR Agroalimentare Acquisizione 25 FINDOMESTIC BANK Bancaria Acquisizione 24 CALZEDONIA Tessile e abbigliamento Greenfield 20 FULGAR Tessile Greenfield 20
Presenza Italiana in Serbia
Anno Esportazione dalla Serbia Milioni € Importazione nella Serbia Milioni € 2005 525.1 732.8 2006 736.1 872.9 2007 799.5 1292.8 2008 763.3 1475.6 2009 586.1 1111.0 2010 843.9 1078.8 2011 936.6 1557.6
partner commerciale della Serbia, dopo la Federazione Russa e la Germania
plastica.
abbigliamento, etc.
SERBIA - ITALIA Rapporti commerciali
Fonte: Dati sul commercio estero Istituto Nazionale di Statistica
TRADITION OF AUTOMOTIVE INDUSTRY IN SERBIA
Current no. of Companies: around 100 Number of Employees: around 24,000 Turnover 2010: 861.7 million EUR Largest Companies:
1939 1954 1965 1971 1988 2008 2012
AUTOMOTIVE FDI IN SERBIA 2004
AUTOMOTIVE FDI IN SERBIA 2006
AUTOMOTIVE FDI IN SERBIA 2008
AUTOMOTIVE FDI IN SERBIA 2010
AUTOMOTIVE FDI IN SERBIA 2012
About SIEPA
Investment Promotion Information Provision Location Advisory Project Management Project Aftercare
DATABASE DI BROWNFIELD E GREENFIELD LOCATIONS
www.serbia-locations.rs
SIEPA SUPPLIERS DATABASE
The largest database of Serbian industry – www.siepa.gov.rs
S E R B I A
SERBIA INVESTMENT AND EXPORT PROMOTION AGENCY 3, Vlajkoviceva St. 11000 Belgrade, Serbia Phone: +381 11 33 98 55 0 Fax: +381 11 33 98 81 4 E-mail: office@siepa.gov.rs www.siepa.gov.rs
Serbia Investment and Export Promotion Agency