U.S. Department of State Gives Positive Rating to Investment Climate in Serbia

The U.S. Department of State has rated the investment climate in Serbia positively in its 2021 report, emphasizing years of efforts toward macroeconomic efforts, fiscal discipline and financial stability as the main factors contributing to the improvement of the conditions for foreign investments.

In the new 2021 Investment Climate Statements, the Department of State says that the opinion of the American investors in Serbia is generally positive due to the strategic position of the country, a well-educated and available labor force, excellent knowledge of the English language, incitement for investments and free trade arrangements with the key markets, primarily the European Union.

The document especially emphasizes that the U.S. investors have equal rights in the market competition as their Serbian and other foreign competitors.

– The investment climate in Serbia has improved in the past years on the back of macroeconomic reforms, increased financial stability, fiscal discipline and the process of accession to the European Union (EU), which stimulates legislative changes which improve the business climate – the report says.

It is noted that the government successfully completed the 30-month Policy Coordination Instrument with the International Monetary Fund (IMF) in January 2021, that it is working on a new stand-by arrangement and that, in 2020, Serbia advanced four spots on the World Bank’s Doing Business list, currently taking the 44th spot on the list.

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