Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965

FIC Presents the White Book 2012 and Marks its 10th Anniversary

White Book Events

FIC Presents the White Book 2012 and Marks its 10th Anniversary

FIC Presents the White Book 2012 and Marks its 10th Anniversary

Belgrade, 16th October 2012 – The Foreign Investors Council presented the White Book 2012 to the Prime Minister Ivica Dačić and the highest officials of Serbian Government. This year’s edition, published in the year in which FIC is celebrating its 10th anniversary, represents basis for continuing dialogue between foreign investors and the Government on ways to improve business climate in Serbia.

FIC President Costin Borc opened the event saying that "Although the business environment in Serbia has become very challenging, it still has potential for development and therefore, dynamic and open dialogue between investors and government needs to continue". Borc reminded that the world is still undergoing a major economic crisis stating that expectations of foreign investors remain the same – we call for transparent and predictable regulatory framework and functioning of market mechanisms,which will enable sustainable economic development. Talking about 10th anniversary of the Association, Borc noted "FIC succeeded in its goal to help make the business environment more friendly. It is today one of the most important business associations, with around 130 members,  almost EUR 17 billion invested in Serbia, and a strong organisation, thanks to commitment of its members to support reforms". Looking ahead, FIC President emphasized the need to ensure macro-economic stability, set clear economic policy and role of the state in economic arena, continue reforms and introduce level playing field. "We express hope that the new government will deal with all challenges and move Serbia closer to EU accession”, concluded FIC President.

According to the latest White Book edition 2012, most progress has been achieved in the areas of e-commerce and intellectual property, followed by improvements in overall legal framework and fields of tobacco and telecommunications. Also, most recent cancellation of 130 para-fiscal charges is the step in the right direction.

Prime Minister Ivica Dacic gave a key note speech, while Editor Mihailo Crnobrnja presented 10 year evolution of the White Book. Subsequently, the highest Government officials and the FIC Board members gathered in a panel to discuss how to improve business environment in Serbia. Opinions were exchanged between the Governor of the National Bank of Serbia Jorgovanka Tabakovic, Minister of Finance and Economy Mladjan Dinkic and Minister of Energy, Development and Environmental Protection Zorana Mihajlovic. Views of FIC were presented by:  FIC President and CEO of Lafarge Serbia Costin Borc, FIC Vice President and CEO of Carlsberg South East Europe Gabor Bekefi and FIC Vice President and President of the BoD of Societe Generale Bank Serbia Goran Pitic.

The audio record of the WB12 Launch can be downloaded here (file size: 100 MB). 

About FIC:

From a group of 14 major foreign investors which founded the association with the support of the OECD in 2002, the FIC grew to become an independent organisation which today includes around 130 member companies, coming from around the globe and covering a wide range of sectors and industries. From an organisation which accounted for EUR 150 million in investments, 3,160 employees, and 1.24% of GDP in 2003, the FIC today gathers companies which have invested almost EUR 17 billion, employ more than 88,000 and directly accounts for 16.54% of Serbia’s GDP.