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Belgrade Chamber of Economy Belgrade Chamber of Economy
www.kombeg.org.yu
Facts about BelgradeFacts about BelgradeBelgrade, the capital of the State Union of Serbia and Montenegro and the capital of the Republic of Serbia, is not only the seat of the state authorities and institutions, but, first of all, a trade, industry, culture, science and education center. The fact that its territory covers the area of 3,224km2 (3.7% territory of Serbia), inhabitated by almost 2 milion inhabitants (15.3% population of Serbia), of which over 483,000 are employed, offers bright prospects of the centre of South East Europe.
Belgrade is administratively divided into 17 municipalities: 10 city municipalities (Čukarica, Novi Beograd, Palilula, Rakovica, Savski venac, Stari grad, Voždovac, Vračar, Zemun and Zvezdara), and 7suburban municipalities (Barajevo, Grocka, Lazarevac, Obrenovac,Mladenovac, Sopot and Surcin)
The economic potential of Belgrade is, first of all, represented by more than 107,000 registered economic operators (30% economic operators of Serbia), of which 30,000 enterprises (97% privately owned ) and approximately 53,000 shops are economically active. The number of employees in the field of economy amounts to 483,000 (approximately 90,000 employees in privately owned enterprises - 23%), which makes 32% of total number of employees in the economy of Serbia
Judging by major economic indicators (gross income, profit), thestructure of the economy of Belgrade is dominated by industry, trade, financial and other services, transport and telecommunications, construction industry, agriculture and tourism.
Number of companies per sector Number of companies per sector in Belgrade economy in 2005. (in %)in Belgrade economy in 2005. (in %)
Agriculture1%
Mining Industry0,1%
Processing industry14,5%
Construction4,7%
Energy production and supplyElectricity, gas, water
0,1%
Wholesale and retail, auto repairs
40,5%
Hotels and restaurants1,3%
Transport, storage, logistics4,2%
Intermediary financial services
0,8%
Real estate and service rental
13,5%
Other commercial and personal services
19,3%
29,90%
14,20%
21,60%48,10%
31,50%
19,40%
19,80%
32,80%
21,70%
0,00%
5,00%
10,00%
15,00%
20,00%25,00%
30,00%
35,00%
40,00%
45,00%
50,0%
legal entities
stores
employment
unemployment
exportimport
tourists
hotel nights
privatized companies
Share of Belgrade Economy in Share of Belgrade Economy in Serbian Economy in 2005.Serbian Economy in 2005.
Structure of Belgrade GDP Structure of Belgrade GDP by sectorsby sectors
5,10%5,10%8,20%8,20%ConstructionServicesConstructionServices
59,10%59,10%
28,80%28,80%
3,80 %3,80 %
100,00 %100,00 %
BelgradeBelgrade
69,7 %69,7 %ServicesServices
22,70%22,70%IndustryIndustry
2,50 %2,50 %Agriculture, hunting, Agriculture, hunting, forestryforestry
100,00 %100,00 %All SectorsAll Sectors
EU EU -- 2525
2,81,62,6Hotels and restaurants 13,27,415,9Transport, storage, logistics
4,62,5Financial intermediary services
EMPLOYED GDPStructure ECONOMYTOTAL
100%100%Belgrade
33,88,228,83,8
Wholesale, retail, small repairsConstructionIndustryAgriculture, hunting, forestry
Economy 100%
23,813,110,35,733,018,32,31,2
Structure of GDP shows best the Structure of GDP shows best the structure of the economy of Belgradestructure of the economy of Belgrade
23,3Stores and persons employed
3,50,4Other utility, public and personal services
7,70,1Health and social service sector5,4Education
4,1Public administration and social insurance
10,26,26,4Real estate services and service rental
100%100%Belgrade
ECONOMYTOTAL
EMPLOYED GDPStructure
Structure of GDP shows best the Structure of GDP shows best the structure of the economy of Belgradestructure of the economy of Belgrade
INVESTMENT OPPORTUNITIES INVESTMENT OPPORTUNITIES IN SERBIAIN SERBIA
Serbia’s advantages include:Ø Strategic positioning for markets in Europe,
Asia, and the Middle East
Ø Duty Free access to the South East Europe Free Trade Zone of 60 million consumers
Ø Only country outside the CIS with a free trade agreement with the Russian Federation
Ø Not yet an EU member; greater flexibility and investment advantages
Ø Lowest corporate profits tax rate in Europe
INVESTMENT OPPORTUNITIES INVESTMENT OPPORTUNITIES IN SERBIAIN SERBIA
Serbia’s advantages include:Ø Skilled labor at a reasonable cost
Ø Highest percentage of English language speakersin SE and Central Europe
Ø Stable economy:◦ Sound monetary policy and fast implementation of key
macro economic laws
◦ Simplified foreign trade and foreign investment regulations
◦ Facilitation of company operational and start up procedures,including residency regime for foreign nationals, business registration, and customs
Corporate Profit Tax RatesCorporate Profit Tax Rates
Llll
Annual InflationAnnual Inflation
FDI Inflow (USD million)FDI Inflow (USD million)
Knowledge of English language Knowledge of English language in % of populationin % of population
GDP growth rates GDP growth rates (%)(%)
Free Trade AgreementsFree Trade AgreementsSouth East Europe Free Trade Area South East Europe Free Trade Area
(60 mil. Customers)(60 mil. Customers)ØØ Liberalization of at least 90% of mutual trade Liberalization of at least 90% of mutual trade
by the end of 2008 by the end of 2008 ØØ An appropriate common set of preferential An appropriate common set of preferential
rules of originrules of originØØ WTO WTO –– consistent provisions for the consistent provisions for the
application of antidumping, countervailingapplication of antidumping, countervailingand safeguard measuresand safeguard measures
ØØ Transparent and nonTransparent and non--discriminatory measures discriminatory measures concerning public procurement, state aid and concerning public procurement, state aid and state monopoliesstate monopolies
Free Trade AgreementsFree Trade AgreementsSouth East Europe Free Trade Area South East Europe Free Trade Area
(60 mil. Customers)(60 mil. Customers)ØØ Harmonization of trade legislation with that one of the EU Harmonization of trade legislation with that one of the EU
(especially customs procedures, competition law, (especially customs procedures, competition law, company law, company accounts and taxes and banking company law, company accounts and taxes and banking law)law)
ØØ Intellectual property protection in accordance with the Intellectual property protection in accordance with the WTO standards WTO standards
ØØ Serbia is the only country in SEE which has a Serbia is the only country in SEE which has a Free Trade Agreement with Russia, and has Free Trade Agreement with Russia, and has access to a market of 150 million people.access to a market of 150 million people.
FTA FTA -- Regional cooperationRegional cooperation
B&HBB&&HH
SERBIA SSERBIA ERBIA
MONTENEGROMONTEMONTENEGRONEGRO
ALBANIJAALBANIJAALBANIJA
CROATIACROATIACROATIA ROMANIAROMANIAROMANIA
MOLDAVIAMOLDAVIAMOLDAVIA
MACEDONIAMACEDONIAMACEDONIA
BULGARIABULGARIABULGARIA
Major export goods in 2005 Major export goods in 2005 (mil. USD)(mil. USD)
Investment opportunitiesInvestment opportunitiesIn Serbia by sectorsIn Serbia by sectors
ØØ AgribusinessAgribusinessØØ Energy sectorEnergy sectorØØ Automotive and Component Automotive and Component
ProductionProductionØØ IT IndustryIT IndustryØØ Electronic IndustryElectronic IndustryØØ Textile industryTextile industryØØ Wood and Furniture IndustryWood and Furniture IndustryØØ Pharmaceutical IndustryPharmaceutical Industry
Foreign investors may establish a Foreign investors may establish a company or enterprise in the form of:company or enterprise in the form of:
ØØ Joint Stock Company (Joint Stock Company (a.da.d.) .)
ØØ Limited Liability Company (Limited Liability Company (d.o.od.o.o.).)
ØØ Limited Partnership (Limited Partnership (k.dk.d.).)
ØØ General Partnership (General Partnership (o.do.d.).)
RReasons to Investeasons to Invest
ØØ To Make Your Business GrowTo Make Your Business Grow
ØØ To Easily Serve Your EU CustomersTo Easily Serve Your EU Customers
ØØ To Benefit from Exceptional Human To Benefit from Exceptional Human Capital at Competitive CostsCapital at Competitive Costs
