Japanese Bank for International Cooperation considering opening investment fund in Serbia

Serbian Prime Minister Ana Brnabic talked with the president of the Japanese Bank for International Cooperation, Tadashi Maeda, about opening an investment fund of that bank in Serbia. They met at Davos, where they are taking part in the World Economic Forum.

– I've had a good meeting with Maeda, where we talked about the presence of the Japanese Bank for International Cooperation in Serbia and he confirmed that he would visit Serbia by the end of the year – Brnabic told the press yesterday in Davos.

Until then, she added, Serbian and Japanese teams will discuss how the JBIC can open an investment fund in Serbia, especially in the field of innovations and startups, and how the fund can cooperation with Serbia's Science Fund.

– The talks were concrete, concerning concrete initiatives, which, I hope, will be confirmed during his visit to Serbia – the prime minister said.

She also reminded that, on November 27, 2019, the ministries of finance of the two countries had signed the Agreement on Avoidance of Double Taxation between Serbia and Japan, which, according to her, increases the potential for economic cooperation and for attracting more Japanese investments to Serbia.

– This has been very successful so far, as we have Japanese companies in Serbia – Yazaki, Japan Tobacco... Maeda has confirmed that he contacted all these companies after our meeting in Tokyo so that the JBIC would support these investments in Serbia – Brnabic said.

Vlada Republike Srbije

Japanese Bank for International Cooperation

Government of Serbia

Ana Brnabic

Tadashi Maeda

Davos

World Economic Forum

investment fund

Science Fund

startups