Through its advocacy for regulatory reforms, efforts to boost economic competitiveness, and focus on public-private dialogue and sustainability, the FIC has been pivotal in shaping Serbia’s dynamic economic environment.
The Foreign Investors Council (FIC) in Serbia has been a pivotal organization in fostering a more favourable business environment since its inception in 2002. Over the years, the FIC has achieved a number of important milestones that have contributed to the overall progress of Serbia’s business landscape, its economic growth and better standard of living for citizens.
The FIC is recognized for its consistent advocacy of regulatory reforms, showcased in its annual White Book—a comprehensive report that outlines key challenges in Serbia’s business environment and proposes actionable reforms. This platform serves as a valuable reference for policymakers, providing insights into the perspectives of foreign investors and helping them prioritize essential changes.
The FIC’s efforts have brought improvements across several sectors, including tax legislation, labour laws, digital transformation, real estate, combating illicit trade, food safety, and the broader legal framework. More recently, it has also influenced the financial sector, tourism and hospitality, and the health and pharmaceutical industries. These initiatives have been crucial in keeping Serbia competitive in an increasingly technology-driven global market, spearheading innovative changes in the regional financial sector, and advancing the introduction of new therapies in healthcare.
The ability to facilitate constructive dialogue between the public and private sectors has been a cornerstone of FIC’s success. Through continuous communication and cooperation with government institutions, local businesses, and international stakeholders, the FIC has fostered a collaborative environment where issues can be addressed more effectively.
Further, the FIC is the sole organization in Serbia that brings together bilateral chambers of commerce, representing the broader business community with the unified goal of improving the business environment and investment opportunities for the benefit of all citizens.
Importantly, the FIC has been a key advocate for aligning Serbian laws with European Union legislation, further facilitating Serbia’s integration into the European economic framework.
Beyond economic contributions, the Foreign Investors Council has also been a leader in promoting corporate social responsibility (CSR) and sustainability initiatives in Serbia. Many of the FIC’s member companies have implemented CSR programs that focus on environmental protection, community development, and ethical business practices. These initiatives not only enhance the reputation of foreign companies operating in Serbia but also set a standard for local businesses to follow.