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SERBIA Q U A L I T Y W O R K S
Serbia Investment and Export Promotion Agency
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Most Improved Business Environment
Home of the Largest Investors
Belgrade - City of the Future
Quality Recognized
Duty-free Access to a Market of 1 Billion Consumers
Strong Economic Performance
Skilled and Competitive Workers
Financial Grants Support Scheme & Other Competitive Incentives
Ideal Setting for Growing Profit
Investment Track Record
SIEPA Activities and Services
Serbia Investment and Export Promotion Agency
PRESENTATION OUTLINE
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Economist Intelligence Unit:
“SERBIA IS FORECAST TO MAKE THE LARGEST IMPROVEMENT IN THE BUSINESS ENVIRONMENT IN THE REGION OF EASTERN EUROPE BETWEEN 2009 AND 2013.”
“OUT OF 16 COUNTRIES INCLUDED IN THE RESEARCH, SERBIA WILL BE LEADING THE REGION IN TERMS OF BUSINESS REFORMS BY A WIDE MARGIN.”
Serbia Investment and Export Promotion Agency
MOST IMPROVED BUSINESS ENVIRONMENT
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
The biggest Greenfield projects in South East Europe for three consecutive years awarded by OECD. BALL PACKAGING EUROPE, USA, IN 2004 METRO CASH & CARRY, GERMANY, IN 2005 AIRPORT CITY BELGRADE, ISRAEL, IN 2006
Serbia Investment and Export Promotion Agency
HOME OF THE LARGEST INVESTORS
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Belgrade, the capital, has been awarded as the City of the Future for Southern Europe 2007 by the fDi Magazine. Selection criteria - economic potential, cost effectiveness, human resources, IT
and telecommunications, transport, quality of life, and FDI promotion. In 2008 the municipality of Indjija was ranked among the Top 25 Most Attractive locations for foreign direct investment in Europe by the fDi Magazine.
Serbia Investment and Export Promotion Agency
BELGRADE – CITY OF THE FUTURE
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
SERBIA IS THE 3RD MOST ATTRACTIVE MANUFACTURING AND 7TH MOST ATTRACTIVE SERVICES FDI DESTINATION AMONG EMERGING ECONOMIES, ACCORDING TO PRICEWATERHOUSECOOPERS. THE 2ND BEST PERFORMANCE IN THE SOUTH EAST EUROPE REGION WITH NEARLY 150 INWARD INVESTMENT PROJECTS IN 2007, 2008 AND 2009, BY ERNST & YOUNG.
Serbia Investment and Export Promotion Agency
QUALITY RECOGNIZED
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
SNAPSHOT OF INVESTMENT PERCEPTION AND REALITY
Source: Ernst & Young Southeast Europe Attractiveness Survey 2008 - 216 international executives/E&Y European Investment Monitor 2008
If you want to receive the full report please contact SIEPA or Ernst & Young
Serbia Investment and Export Promotion Agency
Which region is the most attractive for manufacturing activities?
SERBIA Bulgaria
Romania
REAL
ATT
RACT
IVEN
ESS
(No.
of i
nwar
d FD
I pro
ject
s 200
7)
0% 20% 40% 60%
0
50
100
150
PERCEIVED ATTRACTIVENESS
Outsider with a poor image but strong results
Matching image and reality
Image/reality
Croatia Greece
Turkey
Challengers with a stronger image than the reality
Cyprus
Bosnia & Herzegovina
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Source: The PricewaterhouseCoopers EM20 Index, July 2008
Serbia Investment and Export Promotion Agency
TOP FIVE MANUFACTURING DESTINATIONS IN THE WORLD
1
5
10
15
20
25
30
35
RAN
KIN
G
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
STRONG ECONOMIC PERFORMANCE
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
DUTY-FREE ACCESS TO A MARKET OF 1 BILLION CONSUMERS
European Union EFTA
CEFTA Turkey Belarus
Russia Kazakhstan
USA
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
HUMAN RESOURCES
27,000 university and 2-year college graduates, and 75,000 high school graduates per year Top quality technical education at both high school and university level A wide availability of highly qualified staff Strong command of the English language
“This initiative demonstrates our confidence and trust in Serbia, its industry, management competence, and the skill of its workers.“ Sergio Marchionne, CEO
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
TECHNICAL EDUCATION
11 technical faculties for white collar workers 71 technical schools for blue collar workers
Faculty of Mechanical Engineering
Faculty of Technical Sciences
Faculty of Electrical Engineering
Faculty of Traffic and Transport Engineering
Faculty of Technology and Metallurgy
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
NET SALARY GROSS SALARY
25,000 RSD (250 EUR)
41,037 RSD (400 EUR)
40,000 RSD (400 EUR)
66,266 RSD (650 EUR)
60,000 RSD (600 EUR)
99,903 RSD (1,000 EUR)
Net vs. Gross Salary
Source: Vienna Institute for Economics
SALARIES IN SERBIA Gross monthly wages in 2009 in EUR
0
200
400
600
800
1.000
1.200
Croatia CzechRepublic
Slovakia Poland Hungary Serbia
1.051
893
745 717 713
469
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
FINANCIAL GRANTS SUPPORT SCHEME
Financial Grants
Eligible Projects
Large-Scale Projects Standard-Scale Projects
Manufacturing and Export-Related Services
Manufacturing Export-Related Services
Projects Realized in Devastated Regions
and Regions of Special State
Interest
Projects in Automotive,
Electronics, IT Industries Realized
in Regions of Special State
Interest
Projects Realized in Other Regions
Projects Realized in Any Region
Grant Amount 25% of the total investment
20% of the total
investment 4,000-10,000 EUR 5,000-10,000 EUR 2,000-5,000 EUR 2,000-10,000 EUR
Minimum Investment
Amount 200 mn EUR 50 mn EUR 0.5 mn EUR 0.5 mn EUR 1 mn EUR 0.5 mn EUR
Minimum Number of New
Jobs Created 1,000 300 50 50 50 10
Serbian government offers a special financial package for supporting various investment projects
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
COMPETITIVE INCENTIVES
Other incentives State Development Fund provides loans under favorable conditions (lower interest rate than referent interest rates in the banking market); approximate 2% annual interest rate.
The Regional Employment Program includes grants from 800 EUR to 1,600 EUR for full-time employment of at least 5 unemployed persons.
The Apprentice Program includes state grants for professional training of apprentices holding high school degrees, apprentices holding college degrees and apprentices holding university degrees.
The Retraining Program is organized by the National Employment Services at companies’ request provided there are no unemployed persons from specific professions registered with the service or they lack professional skills required by the company. The retraining expenses can be covered in the amount up to 80,000 RSD or roughly 800 EUR per employee.
Tax incentives
A 10-year corporate profit tax holiday for investments over 8 million EUR in value and which employ at least 100 workers.
Corporate profit tax reduction up to 80% of fixed assets investment.
A 5-year corporate profit tax holiday for concessions.
Carrying forward of losses over up to 5 years.
Salary tax exemptions for hiring certain categories of workers on a permanent basis.
Social insurance charges exemptions for certain category of workers hired on a permanent basis.
No double taxation.
Customs-free imports of equipment and some raw materials.
By investing in Serbia, businesses can take advantage of a wide array of investment incentives
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
IDEAL SETTING FOR GROWING PROFIT
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Source: Ernst & Young Southeast Europe Attractiveness Survey 2008 - 216 international executives
Since 2001 Serbia attracted around 20 billion USD of investments
0
1000
2000
3000
4000
5000
6000
2002 2001
Serbia Investment and Export Promotion Agency
178 504
1389 987
1616
5474
2404
FOREIGN DIRECT INVESTMENTS 2000 – 2009 (MIL USD) Inward FDI in million of USD
3363 3569
2003 2004 2005 2006 2007 2008 2009
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
LEADING FOREIGN INVESTORS
Source: SIEPA
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2011.
Serbia Investment and Export Promotion Agency
OUR ACTIVITIES
PROMOTING INVESTMENTS
Providing information
Selecting investment
location
Managing investment
projects
Project aftercare
Municipal data
Brownfield locations
Greenfield locations
Web site
Conferences
Investment seminars
General data
Tax and legislation
Sector analysis, brochures
Project management
Financial grants administration
Tax, legal, other assistance
Assistance in various activities
Selecting suppliers
Linking all stakeholders
Serbia Investment and Export Promotion Agency
SERBIA
Thank you for your attention! 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: [email protected] www.siepa.gov.rs
Serbia Investment and Export Promotion Agency