25% REFUND FOR ALL INVESTMENTS BIGGER THAN 200 MIL EUROS IN SERBIA

The Serbian Government approved the Decree on changes and amendments of the Decree on terms and conditions for attracting foreign direct investments. Under the Decree investing is defined as being a minimum of 200 mil euros for creating 1000 new jobs, and the state will provide non-repayable funds worth 25% of the total investment for every individual investor.

The goal of this chnage is to accelerate the economy growth and to reduce enemployment by attracting large greenfield investments of special interest to Serbia in the automotive, electronics and information and telecommunications technology industries, the Governemnt Press Office announced.