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Serbia needs to focus on structural reforms to attract investments - EBRD president

Author Radomir Ralev
Serbia needs to focus on structural reforms to attract investments - EBRD president Author: EBRD Licence: All rights reserved

BELGRADE (Serbia), April 18 (SeeNews) – Serbia's government needs to focus on structural reforms in order to improve the business environment and attract more investments, the president of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, has said. 

"Serbia has done quite well in the last two or threee years in getting foreign investments, but I also mean Serbian investors, they all say the business climate needs improvement," Chakrabarti said in a video file posted on the website of news agency Tanjug on Wednesday. 

In the state-owned enterprise (SOE) sector it is very important to have a much better corporate governance and more privatisations, Chakrabarti said.

The EBRD expects Serbia's economic growth to slow to 3.5% in 2019 from 4.3% last year and will make a revised forecast in May, Chakrabarti added. 

The net inflow of foreign direct investment (FDI) into Serbia rose to 3.2 billion euro ($3.6 billion) in 2018 from 2.415 billion euro in the previous year, the country's central bank said in February.

($ = 0.88529 euro)

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