Belgrade Chamber of Economy.

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Rosemary Cannon
5 years ago
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1 Belgrade Chamber of Economy

Facts about Belgrade Belgrade, the capital of the State Union of Serbia and Montenegro and the capital of the Republic of Serbia, is not only the seat of the state authorities and institutions, but,

7% territory of Serbia), inhabitated by almost 2 milion inhabitants (15.3% population of Serbia), of which over 483,000 are employed, offers bright prospects of the centre of South East Europe.

suburban municipalities (Barajevo, Grocka, Lazarevac, Obrenovac, Mladenovac, Sopot and Surcin) The economic potential of Belgrade is, first of all, represented by more than 107,000 registered

3 Facts about Belgrade Belgrade, the capital of the State Union of Serbia and Montenegro and the capital of the Republic of Serbia, is not only the seat of the state authorities and institutions, but, first of all, a trade, industry, culture, science and education center. The fact that its territory covers the area of 3,224km2 (3.7% territory of Serbia), inhabitated by almost 2 milion inhabitants (15.3% population of Serbia), of which over 483,000 are employed, offers bright prospects of the centre of South East Europe. Belgrade is administratively divided into 17 municipalities: 10 city municipalities ( ukarica, Novi Beograd, Palilula, Rakovica, Savski venac, Stari grad, Vo dovac, Vra ar, Zemun and Zvezdara), and 7 suburban municipalities (Barajevo, Grocka, Lazarevac, Obrenovac, Mladenovac, Sopot and Surcin) The economic potential of Belgrade is, first of all, represented by more than 107,000 registered economic operators (30% economic operators of Serbia), of which 30,000 enterprises (97% privately owned ) and approximately 53,000 shops are economically active. The number of employees in the field of economy amounts to 483,000 (approximately 90,000 employees in privately owned enterprises - 23%), which makes 32% of total number of employees in the economy of Serbia Judging by major economic indicators (gross income, profit), the structure of the economy of Belgrade is dominated by industry, trade, financial and other services, transport and telecommunications, construction industry, agriculture and tourism.

4 Number of companies per sector in Belgrade economy in (in %) Other commercial and personal services 19,3% Agriculture 1% Mining Industry 0,1% Processing industry 14,5% Real estate and service rental 13,5% Construction Intermediary financial services 4,7% 0,8% Energy production and supply Electricity, gas, water Transport, storage, logistics 0,1% 4,2% Hotels and restaurants 1,3% Wholesale and retail, auto repairs 40,5%

5 Share of Belgrade Economy in Serbian Economy in privatized companies 19,80% legal entities32,80% 50,0% 45,00% 40,00% 35,00% 30,00% 21,70% stores hotel nights 19,40% 25,00% 20,00% 15,00% 10,00% 5,00% 0,00% employment 29,90% tourists 31,50% unemployment 14,20% import 48,10% export 21,60%

6 Structure of Belgrade GDP by sectors All Sectors Agriculture, hunting, forestry Industry Belgrade 100,00 % 3,80 % 28,80% EU ,00 % 2,50 % 22,70% ConstructionServices 8,20% 5,10% Services 59,10% 69,7 %

7 Structure of GDP shows best the structure of the economy of Belgrade GDP Structure TOTAL EMPLOYED ECONOMY Belgrade 100% 100% Economy 100% Agriculture, hunting, forestry 3,8 1,2 2,3 Industry 28,8 18,3 33,0 Construction 8,2 5,7 10,3 Wholesale, retail, small repairs 33,8 13,1 23,8 Hotels and restaurants 2,6 1,6 2,8 Transport, storage, logistics 15,9 7,4 13,2 Financial intermediary services 2,5 4,6

8 Structure of GDP shows best the structure of the economy of Belgrade Belgrade GDP Structure 100% EMPLOYED TOTAL ECONOMY 100% Real estate services and service rental 6,4 6,2 10,2 Public administration and social insurance 4,1 Education 5,4 Health and social service sector 0,1 7,7 Other utility, public and personal services 0,4 3,5 Stores and persons employed 23,3

9 INVESTMENT OPPORTUNITIES IN SERBIA Serbia s advantages include: Strategic positioning for markets in Europe, Asia, and the Middle East Duty Free access to the South East Europe Free Trade Zone of 60 million consumers Only country outside the CIS with a free trade agreement with the Russian Federation Not yet an EU member; greater flexibility and investment advantages Lowest corporate profits tax rate in Europe

10 INVESTMENT OPPORTUNITIES IN SERBIA Serbia s advantages include: Skilled labor at a reasonable cost Highest percentage of English language speakers in SE and Central Europe Stable economy: Sound monetary policy and fast implementation of key macro economic laws Simplified foreign trade and foreign investment regulations Facilitation of company operational and start up procedures, including residency regime for foreign nationals, business registration, and customs

11 Corporate Profit Tax Rates Llll

12 Annual Inflation

13 FDI Inflow (USD million)

14 Knowledge of English language in % of population

15 GDP growth rates (%)

16 Free Trade Agreements South East Europe Free Trade Area (60 mil. Customers) Liberalization of at least 90% of mutual trade by the end of 2008 An appropriate common set of preferential rules of origin WTO consistent provisions for the application of antidumping, countervailing and safeguard measures Transparent and non-discriminatory measures concerning public procurement, state aid and state monopolies

17 Free Trade Agreements South East Europe Free Trade Area (60 mil. Customers) Harmonization of trade legislation with that one of the EU (especially customs procedures, competition law, company law, company accounts and taxes and banking law) Intellectual property protection in accordance with the WTO standards Serbia is the only country in SEE which has a Free Trade Agreement with Russia, and has access to a market of 150 million people.

18 FTA - Regional cooperation SERBIA MOLDAVIA CROATIA ROMANIA B&H MONTE NEGRO BULGARIA ALBANIJA MACEDONIA

19 Major export goods in 2005 (mil. USD)

20 Investment opportunities In Serbia by sectors Agribusiness Energy sector Automotive and Component Production IT Industry Electronic Industry Textile industry Wood and Furniture Industry Pharmaceutical Industry

21 Foreign investors may establish a company or enterprise in the form of: Joint Stock Company (a.d( a.d.).) Limited Liability Company (d.o.o( d.o.o.).) Limited Partnership (k.d( k.d.).) General Partnership (o.d( o.d.).)

22 Reasons to Invest To Make Your Business Grow To Easily Serve Your EU Customers To Benefit from Exceptional Human Capital at Competitive Costs

1. Serbia Key Facts. Picture: Belgrade s municipalities. Picture: Knez Mihailova Street

1. Serbia Key Facts. Picture: Belgrade s municipalities. Picture: Knez Mihailova Street 1. Serbia Key Facts Located in Southeast Europe, Serbia represents central part of the Balkan Peninsula, at the intersection of Pan European Corridors N 10 and N 7, on the way from Europe to Asia. The