Political and Economic Stability

“The Serbian government has also moved ahead with an ambitious economic and structural reform agenda which will contribute to a more attractive business environment: restoring growth, improving competitiveness and creating new jobs. The Serbian administration will be more efficient, Serbian citizens will have access to better public services, better education for their children and better healthcare.”

Mr. Johannes Hahn, European Commissioner for European Neighborhood Policy and Enlargement Negotiations

Statement at the Serbian Parliament, 10 December 2015

 

Over the past 4 years Serbia took steps to further improve political and economic stability. In order to reverse the Serbia`s trend of economic growth driven by import and consumption, and put the country on a dynamic and sustainable growth path, led by investments and exports, it was necessary to carry out economic reforms consisting of macroeconomic stabilization and improving the business climate.

Since 2014, the Government of the Republic of Serbia has taken steps towards reducing the government debt, including greater fiscal responsibility, reform of the public administration, reform of the state-owned enterprises and an overall increase of the productivity in the public sector.

 

  GDP Growth

Source: National Bank of Serbia, IMF

 

    Budget Deficit

Source: Ministry of Finance and Fiscal Council of the Republic of Serbia

 

“Serbia has taken important steps to implement the reforms necessary for attracting foreign and domestic investors. We are pleased to be further strengthening the investment climate and enhancing governance. ” 

Sir Suma Chakrabarti, EBRD President (2015)