Russia's ZAAB dissatisfied with its experience in Serbia

The ZAAB Incorporation group is considering the possibility of inviting prospective Russian investors to give up their investment in Serbia because of its own negative experience, it was announced Tuesday (4 December 2012) at a press conference that the company held in Moscow.

- Despite all the bold moves of the new government, foreign investors still suffer the consequences of the arbitrariness of local tycoons and their unallowed connections with the government administration. The rights of minority investors are grossly violated, whereas courts and regulatory bodies are still not ready to protect investors from systemic corruption - it was underlined at the press conference.

If the situation is not changed soon, ZAAB will share its negative experience with other members of the Russian Chamber of Trade and Commerce, the company announced.