FDI by Countries
The following overview should be discounted given that the National Bank of Serbia reports the FDI data by country of payment and not by country of actual investment.
In 2006, the structure of FDI by country of origin remained in line with previous years. Investors from the European Union top the list, with the increased portion of South East European countries.
As a result of the local mobile phone operator privatization by the telecom giant Telenor, Norway took the first place, followed by Greece, Germany, Austria, and Hungary. Throughout a 6-year period, largest FDI came from Norway, Germany, Greece, Austria, the Netherlands, Slovenia, France, Great Britain, Hungary, and Luxembourg. The actual amount of U.S. investment is significantly higher than the official figure due to their companies investing primarily through European affiliates. This also holds for Germany, Italy, Belgium, and a number of other countries.
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