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Serbo Journal

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Serbia: USA leading investor in the country

United States of America are the leading foreign investors in Serbia, while the reason for such results is the country's geographic position, skilled labour and favourable tax policy, stated on Monday Balkan Insight, an Internet publication of the Balkan research network. World Bank stated that US companies invested so far in Serbia about a third of a total of USD 3,5 billion of foreign investments in the country between 2002 and 2004, according to Serbia and Montenegro Today.

Foreign investments in 2005 amounted to USD 2 billion, and it is expected that such growth trend would continue in 2006 as well, says the article. Balkan Insight says that these investments were not so much influenced by Serb Diaspora in the US, like leading companies, including Philip Morris, US Steel, Galaxy Tires and Ball Corporation, which appeared first with large investments in Serbia.

Many experts are, as it is claimed in the article, surprised with a fact that Serbia, which was considered until few years ago as a "political pariah" and which has endured in 1999 a 78-day NATO bombing, when the country's infrastructure was destroyed, could be so much attractive for US investors today.

Response to this is offered by Washington-based US-SCG Business Council Director John Sailor. He says that Serbia represents a "key point in the Balkans with skilled labour and good tax policy," says Balkan Insight. About 40% of the labour in Serbia can speak English, twice as much than in Bulgaria or Hungary.

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