Novi Sad has always been the center of economic development, thanks to its geostrategic position and the entrepreneurial spirit of its citizens. Today it represents one of the most important administrative, university, business, cultural, tourist and trade fair centers in Serbia. As the largest city in the Autonomous Province of Vojvodina, the most developed part of Serbia, Novi Sad offers numerous benefits to investors. With 48,000 students, the University of Novi Sad is the second largest university in Serbia. Along with the developed network of high-schools and elementary-schools, this contributes to the quality and variety of local labor force. Favorable geographic position on the Danube (Corridor VII) and highway (Corridor X), developed infrastructure, Tax Free Zone for doing business and Free Trade Agreements allow duty-free access to the markets of EU, Russia, CEFTA region, Turkey and USA, with over one billion consumers. With equipped locations and financial incentives, Novi Sad is well positioned on European investment map.