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The Government of the Republic of Serbia

In the service of citizens

Serbia safe place for further investments by Italian companies

Belgrade, 2 December 2024

Prime Minister Miloš Vučević said today that the joint session of the governments of Serbia and Italy, to be held on 31 January, should further strengthen overall Serbian-Italian relations, especially in the field of the economy.

Addressing those present at the Serbia – Nord Est Business Forum “Regional Economic Cooperation” at the Serbian Chamber of Commerce, Vučević said that the gathering is an introduction to the aforementioned session.

According to him, the government’s goal is to adopt all necessary acts and implement complete reform in terms of the Reform Agenda and Growth Plan by the end of 2026.

The Prime Minister pointed out that Italy is exceptionally present on the Serbian market, with 30,000 people employed at companies founded with Italian capital, noting that entities from Italy are dominant in the banking and insurance sectors.

He recalled that Serbia has received an investment-grade credit rating and, for the first time, recognition from international agencies that assess the finances and overall economy of a country.

Serbia is not a member of the EU nor any military alliance, he said, noting that Belgrade has open communication with both Asian and African countries amid difficult geopolitical circumstances. Even so, Serbia has managed to obtain an investment-grade credit rating, which is a signal to investors that it is a good place and a safe haven for their capital, the Prime Minister stated.

Vučević also noted that he is pleased with Italian businesspeople’s messages according to which Serbia’s administration is not slow, emphasising that information and communication technologies have become dominant in the country’s exports.

It is up to the state to create a safe and predictable business environment with a clear legal framework, good workforce, and connectivity with the region and the world, Vučević said, inviting Italian businessmen to pay special attention to Serbia’s energy sector and its transformation, particularly investments in renewable energy sources.