OECD: Serbia would be more competitive if foreigners were allowed to acquire agricultural land

The Organization for Economic Cooperation and Development (OECD) is of the opinion that Serbia would be a more competitive country if foreigners were allowed to buy agricultural land and if the city building land leasing procedure would be made easier, it is said in the OECD Competitiveness Report about Serbia's competitiveness relative to other countries of the Western Balkans.

According to the OECD's Report, which was presented Tuesday, Serbia is more favorable than other economies of the region in most of the fields, but it is pointed out that additional structural reforms were necessary in the areas of environmental protection and market competition. As assessed, Serbia's main advantages are free trade agreements with Russia and CEFTA countries.

The Competitiveness Report also indicates that all countries of the region have facilitated their procedures for export and import of goods since the start of the crisis in 2009, but they have also reduced the costs of exports and increased their visibility on the Internet. It is said that 74% of companies in Serbia have their own web page and that all of them use electronic mail.

OECD Organizacija za ekonomsku saradnju i razvoj

Agencija za strana ulaganja i promociju izvoza SIEPA

Organization for Economic Cooperation and Development

OECD

sale of agricultural land to foreigners

foreigners as owners of agricultural land

OECD SEE Competitiveness Report

state land lease

foreign investors in Serbia

foreign investment in Serbia

share of foreign investments in GDP of Serbia

GDP of Serbia

environmental protection in Serbia

structural reforms in Serbia

CEFTA region

free trade with Russia

economy of Serbia

education in Serbia

OECD countries