Serbia still among countries with medium business risk according to D&B – Growth of GDP in 2017 to amount to 3%

Dun & Bradstreet has reported that Serbia is still in the group of countries with medium business risk. The same group contains Croatia, Bulgaria, Hungary, Macedonia and Albania.

Of the countries of the region, Slovenia and Romania have a better rating and have been characterized as medium risk countries. Bosnia and Herzegovina has a lower rating as a high risk country.

The rating given to a country indicates the risk of doing business in that country and provides information about the foreign payment efficiency, as well as the cost-effectiveness of potential investments.

D&B projects in its April report that the growth of Serbia’s GDP in 2017 would be 3%, and that it will grow by 3.3% in 2018, as well as that investments and better crediting conditions will be the driving engine of the growth.

The main driver of growth in the forecast period are investments, rising at an annual rate of 2.6% and backed by a EUR 1.9 billion influx of foreign direct investments in 2016, the credit rating company said in its April 2017 report.

– Serbia’s GDP will also grow on net exports and increased public sector consumption. Export of goods and services is growing at an annual rate of 13.8% thanks to increased demand for Serbian merchandize in Germany and Austria and a constant expansion of the export-oriented production sector in Serbia – D&B analysts estimate.

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