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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

MENI

Member News

21. February 2019.

EBRD: Serbia Needs Stronger Reforms

The European Bank for Reconstruction and Development (EBRD) believes Serbia needs stronger reforms as growth is expected to slow down to 3.5% this year, according to the most recent Transi-tion Report presented by EBRD Chief Economist Sergei Guriev in Belgrade yesterday

EBRD ana-lysts assessed that the Serbian economy still faced significant fiscal risks owing to large, non-reformed state-owned enterprises, while reforms in the public sector and the Tax Administration were progressing quite slowly. Labor productivity in Serbia, as said during the presentation, is lower than 20% of the average in the EU. The business environment also must be improved and small and medium-sized enterprises need better access to financing.

Source:Executive Newsletter

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