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The Development Agency of Serbia (RAS) is a government agency of the Republic of Serbia, established on January 11, 2016, pursuant to the Law on Investments, by which the Agency for foreign investments and promotion of export (SIEPA) and National agency for regional development (NARR) were formally closed.

The main activity of RAS is to support micro, small and medium enterprises and entrepreneurs in order to strengthen the Serbian economy, support direct investment and export promotion, raising the reputation of Serbia and Regional Development.

For all parts of Serbia to develop evenly, RAS has 16 accredited regional development agencies (АRРA) in its network, as follows: in Belgrade, Novi Sad, Subotica, Zrenjanin, Pančevo, Ruma, Požarevac, Loznica, Kragujevac, Zaječar, Užice, Kraljevo, Kruševac, Niš, Novi Pazar, Leskovac, and RAS is intensively cooperating with them in the implementation of the program.

As part of its operation RAS works closely with both the domestic and the largest international institutions and organizations and implement the best examples from practice.

Mission of RAS is to empower and inform entrepreneurs about applying for support programs, cooperation with state institutions in creating economic policy, cooperation with business associations in order to improve the business environment.

Also, RAS helps local self-governments with capacity building aimed at economic development, in order to better and more efficiently provide the necessary support to entrepreneurs, but also to apply for the funds and other European funds for regional and local development.

The long-term goal of RAS activity is equal development of Serbia and positioning of the country as an economic leader in the region.

RAS has made significant results according to the data for the last two years. In a year of 2017, there were 20 investment projects, worth 148.941.762€ in total, and creating 7.060 new jobs. When it comes to the 2018, 24 investment contracts were signed. Particular contracts are 209.541.528€ worth investments, in total, and will create 7.846 new job positions.