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Serbia Presentation



An hour long presentation I did on Serbia for Omicron Delta Epsilon

An hour long presentation I did on Serbia for Omicron Delta Epsilon



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    Serbia Presentation Serbia Presentation Presentation Transcript

    • Serbia:The Future of Europa Joshua Tobash
    • Where is Serbia?
    • Brief History from 1918 to Present
      Brief History
      Kingdom of Serbs, Croats, Slovenes – 1918 to 1929
      Kingdom of Yugoslavia – 1929 to 1943
      Socialist Federal Republic of Yugoslavia – 1943 to 1992
      Federal Republic of Yugoslavia – 1992 to 2003
      Serbia and Montenegro – 2003 to 2006
      Republic of Serbia – 2006 to present
    • Basic Background of Serbia
      Parliamentary Republic
      Slightly smaller than South Carolina
      Population of 7,379,339
      Language is Serbian (Cyrillic and Latin)
      Currency is the Serbian Dinar
      Capital is Belgrade (Beograd)
      Three largest cities are Belgrade, Novi Sad, and Nis
      Current President is Boris Tadic
      Current Prime Minister is Mirko Cvetkovic
    • Some Statistics
      GDP – $80.34 Billion PPP
      GDP Per Capita – $10,800 PPP
      Growth Rate – Between 5 and 7.5% a year (5.8% 2008)
      GDP Sectors
      agriculture: 12.3%
      industry: 24.2%
      services: 63.5%
      HDI – 0.821 (65th)
      Inflation Rate – 6.8% (150% in 2000)
      Unemployment Rate – 18.8%
      Labor Force – 2.961 Million
      Labor Force by Occupation:
      agriculture: 30%
      industry: 46%
      services: 24%
    • Agriculture and Industries
      Wheat, maize, sugar beets, sunflower, raspberries, beef, pork, milk
      Sugar, agricultural machinery, electrical and communication equipment, paper and pulp, lead, transportation equipment
    • Serbia’s Priorities
      Kosovo and Metohija
      Infrastructure – Roads and Railways
      Joining the European Union (5 to 7 years)
      Tadic – having balanced relations
      Developing the Belgrade Metro
      Attracting Foreign Direct Investment
    • Current Economic Crisis
      “The Serbian banking i.e. financial sector did not experience initial losses in a way as described above. Namely, the participants on the Serbian financial market did not take part in the financial products related transactions similar to those which were the financial crisis triggers in the developed countries, and the market itself is of such a limited scope that it had virtually no impact on the industry.”
      Cvetkovic Report
    • Current Economic Crisis
      Spending > Production
      Weren’t affected as much as developed countries
      Decrease in Funds to Serbia, Decrease in Investment, Foreign producers will want to sell more in Serbia
      The spending will have to be reduced either in an organized and controlled manner or it will be done by the market itself through a considerable devaluation of the national currency and internal inflation.
      The reduction of spending (demand) in the country coupled by the general demand decrease abroad will directly impact the production, i.e. the growth of the Serbian economy.
    • Investment
      Serbia Investment and Export Promotion Agency
      Five Free Zones – exempt from VAT
      Zones - Pirot, Subotica, Zrenjanin, and Novi Sad
      supplied with office space, workshops or warehouses on rental basis and superior term
      zones can be founded and governed by either domestic or foreign companies.
      Earnings and revenues created within a zone can be transferred to any country, including Serbia, freely without any prior approval, and are not subject to any kind of taxes, duties or fees
    • Investment Contd.
      Major emphasis on food, automotive, aviation, construction, creative industry, electronic industry, pharmaceutical, etc.
      Ranked 4th (2010) in the world for getting credit, 88(2010) for doing business, 75th for starting a business (2009 – 108th)
      Takes about 13 days to start a business compared to about 17 with other Eastern European countries
    • Financial Incentives
      Investment in manufacturing activities:
      Available funds: from €2,000 up to €5,000 per every new employee;
      The minimum investment amount: between €1 million and €3 million,
      depending on the unemployment rate in the municipality where the
      investment is made;
      The minimum number of new jobs created: 50.
      Investment in the internationally marketable services sector:
      Available funds: from €2,000 up to €10,000 per every new employee;
      The minimum investment amount: €500,000;
      The minimum number of new jobs created: 10.
      Investment in R&D:
      Available funds: from €5,000 up to €10,000 per every new employee;
      The minimum investment amount: €250,000;
      The minimum number of new jobs created: 10.
    • Tourism
      Five national parks – Sara, Djerdap, Tara, Kopaonik, and FruskaGora
      20 Nature Parks, 120 Nature Centers
      Six Ramsar wetlands - Obedskabara
      Serbia divided into two geographical regions
      1. Central Europe (Pannonia Plain)
      2. Southeastern Europe (Balkans)
      Different climates
      Crossroads of various civilizations
      Spas, hunting grounds, fishing, cultural and historical monuments, monasteries, villages, mountain activities - Kopaonik
    • Tourism Contd.
      Belgrade captured 60 times and razed to the ground at least 38 times
      Novi Sad, Nis, Subotica, Kragujevac, Leskovac, Zrenjanin
      Place for people interested in history