FDI Stock
Out of the total FDI influx over the past six years, last year accounted for almost 50%. With the net inflow of $4.387 billion, Serbia attracted largest foreign investment in South East Europe, next only to Romania. Furthermore, inward investments were even higher amounting to $5.5 billion, while the difference was partly due to international investments of Serbian companies.
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A major portion of FDI in 2006 stemmed from privatization and acquisition deals in telecommunications, banking, insurance, and manufacturing industries. In an all-time largest single transaction, Norwegian Telenor won a tender for the mobile phone company Mobi 63 offering €1.513 million. As for the manufacturing sector, Serbian Privatization Agency reported 327 contracts with the total sales price of €332 million and investment commitment of €247 million. Added to this are three privatization deals in the banking sector for a total of €521 million. In summary, privatization accounted for 60% of the total FDI stock between 2002 and 2006. Although the official statistics do not track Greenfield investments, they are estimated at about $1 billion in 2006.
Source: National Bank of Serbia, Privatization Agency, Deposit Insurance Agency
