Serbia investment

WHY INVEST IN SERBIA

Benefit investment in Serbia

The tactical CORONA crisis.


Mar 15, 2020

For days I have received reports from Germany, but also from around the world, which are slowly taking away my belief in humanity. How can the populations, especially Germany, be dazzled again and firmly believe that they will be shot down by the flu?

If you are only reasonably healthy and have a normal immune system, you may get a cold, but you are guaranteed not to die from a virus-like Corona!

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THREE YEARS NOW, SERBIA IS ON THE TOP OF THE WORLD FOR DIRECT INVESTMENTS!


Feb 25, 2020

Our intensive and persistent work for the search for investors, the worldwide marketing and the belief in the Balkans countries like Serbia, Montenegro, Albania and North Macedonia has in the end been honored and proven, according to Uwe Zirbes, board member of GCI UNIT. I came to Belgrade for the first time in 2016 and was very impressed by the beauty of the city, as well as the people who live there together with different nationalities. If there had not been a special reason, I would never have come to Belgrade because of the negative prejudices. But everything I heard from the media, everything that has been written and said about this country over the years, all the negativity, has been completely changed into positive and to reality, within a short time. You have to see and experience the Balkans and especially Belgrade, Podgorica, Tirana and Skopje before you can tell and report on it.



Today, after three years of intensive work, I can confirm that, in my opinion, as an internationally experienced businessman who has already seen and got to know the whole world, the perfect place to live and to invest, which is confirmed by the successful number of my clients as direct investors. I knew it after only a few weeks and have informed my complete network of business people about it. In addition, I have operated worldwide marketing in Asia, Middle East, Europe and Africa. It was very difficult even in the first two years because almost nobody knew where Serbia is. Many still thought that it was in Africa and compared it to Zambia. My enlightenment work started, so to speak, discovering Serbia to many people from zero.

Many of my colleagues and friends thought I was crazy, people I talked to in Serbia asked me what I was doing here. Why from Dubai to Serbia? Everyone wants to get out of Serbia and I'm coming in?! As a businessman and manager, I see things differently, I see the solutions easier, because I'm from outside and I'm not stuck in the possibilities. It's like having an experienced interim manager to take on when the company has no way out and needs a different perspective to find a solution. If your own resources within a country are not enough to satisfy the population, you need other managers, companies, top people who built something in their own country, started up companies so that the young talents and people find a job, completing a circle of life, in a way. And that's what I do all my life. With my then-founded company, I helped more than 17,000 top managers and companies to find a new challenge while freeing companies from trouble. And that was worldwide. Over the past 26 years, I have built up a network of corporations, large companies and medium-sized companies from China, UAE, Asia and, of course, Europe, and through this cooperation also gained insight into different cultures and mentalities.

Check my other article about Serbia's rising FDI attraction: GREENFIELD FDI PERFORMANCE INDEX 2019: SERBIA STORMS TO TOP

"With Montenegro, a new attractive European program will significantly diversify and expand the global citizenship market for investment. This program has the potential to create a series of truly significant cash injections for itself in an economy and as a forerunner of more strategic investments that can help to modernize and diversify the economies of often smaller states and create a better life for them." explains Zirbes, Board Advisor at GCI.

Of course, some people in Serbia were and still are dissatisfied with the situation, they want to emigrate to Germany and other countries. But I'm sure that all of them will come back! Please do not misunderstand me now, I have nothing to do with politics, I do not want it either and certainly can not allow a professional judgment.

However, considering it neutral as an outsider, pure as a businessman with open eyes, from the long-standing global experience elsewhere, Serbia has developed far better in the short time after the Comunism and the time of corruption and the subsequent war than any other country what i know. And if someone wants to compare themselves with Germany, then please also calculate the time that Germany needed after the war. Serbia made it half of the time. I go even further and claim that today is already foreseeable that Germany is going down steeply and Serbia will increase more and more in the attractiveness. Germany has 20 times more companies per year who run away, than Serbia have companies who come inside as direct investors! The media does not report that. The people who invest in Serbia today, who stay there, and those who develop and invest their inventions and ideas in their own country will be the winners. Everyone else will come back to Serbia.
And if special people bring some advantage to the country in any way that meets the criteria of Article 19, then they get a further civic citizenship so they can not stay in the country for 60 days just like a tourist, but build up their business and accompany, so I think that's a good idea, which has been to say at this point, my own! I presented this proposal to the government. I presented this proposal to the government in Serbia, Montenegro, Albania and North Macedonia.
Unfortunately until today, such a law of citizenship by investment, not yet maked or even passed. - Only in Montenegro!
Especially in the countries like Serbia and North Macedonia, as well as in Montenegro, I was able to present investors to the government and advertise worldwide, which I have obviously done well. And that is exactly my goal, I want to take care of it and help, with my influence and network, that at least 20,000 people get new jobs, I do not want to bring hundreds but far more companies to the Balkans, thus making the Balkans stronger than never before. Every person should have a reason why he lives on this planet. We were all winners in the beginning, what everyone makes of his life after that is attributable to himself.
I want to leave the world better than I found it, I want to make a difference. And I know from my own experience, you can achieve a lot if you believe in the goals you set, and work on it. I wish that the young people believe in themselves and Serbia, as others Investors and Managers from outside do.


THE BALKANS LIKE A MAGNET FOR FOREIGN INVESTORS


Nov 25, 2019

Serbia has been at the top of the world for several years when it comes to attracting foreign direct investment. Our intense and persistent efforts to seek investors, global marketing and faith in Balkan countries such as Serbia, Montenegro, Albania, and Northern Macedonia have proven to be very successful, according to Uve Cirbes, Chairman of the Board of GCI UNIT. This German by origin, who in the opinion of his clients is known as a real "magnet" for attracting foreign direct investment, stresses in an interview for our magazine that he will not overdo it if he says that Serbia is, on many issues, developing even faster than its native Germany. Many people will wonder whence in Serbia because many of the investors go West. -I came to Belgrade for the first time in 2016 and was impressed with the city's beauty, as well as the people who live together, regardless of their different nationalities. If it wasn't for a special reason, and I'll explain to you, I probably would never have come to Belgrade because of negative prejudices and bad marketing about your country. But everything I heard through the media, everything that was written and said about this country over the years, everything negative, in the very short term, was completely transformed into a positive one.
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WORLD BANK: SERBIA IS THE LEADER IN IMPLEMENTING THE REFORMS FOR ATTRACTING FOREIGN
INVESTMENT


Oct 26, 2017

VIENNA – 26 October 2017 – World Bank has proclaimed Serbia as the primary united states within the South East Europe concerning the standards of implementing the reforms based on which it has end up more attractive to overseas traders.

In the Forum on Competitiveness in Attracting Investment held in Vienna, organized via the World Bank, the recognition, at the behalf of Serbian Government, was given to the Acting Director of the Serbian Development Agency (RAS) Radoš Gazdić and State Secretary in the Ministry of Economy Milun Trivunac.

The World Bank has praised the reform manner in Serbia, emphasizing specially the adoption of the Law on Investment, and Serbia has been proclaimed as the most innovative us of a on this a part of Europe with regards to attracting overseas funding.

Mr Gazdić has assessed that final 12 months RAS realized 22 modern agreements, and that inside the length to return it'll convey around 236 million euros really worth investment and create more than 16.000 jobs, that is a file within the past ten years.

“This year simplest we've got visible round 50 letters on reason for investment in Serbia, which absolutely speaks in favor of accelerated interest of overseas buyers and higher conditions for funding in Serbia”, Mr Gazdić has said.

Mr Trivunac has underlined within the Forum that Serbia has made progress in many aggressive fields, and consistent with the analysis of the competitiveness index, of 12 pillars, it has performed the largest development in 8 maximum crucial fields.

As he has stated, inside the coming duration, Ministry of Economy will be targeted at the measures to boom competitiveness, so as to additionally make contributions to an increase of the financial boom fee.
He has singled out six key measures – attracting strategic investments, growth of export, quicker boom of start-up businesses, and a bigger contribution of fast-developing small and medium-sized corporations, nearby specialization of producing industry, tackling of the problems of massive loss- makers, and creation of recent enterprise policy.

“Ministry of Economy collectively with the World Bank is working at the adoption of the new enterprise policy up to 2030, in order to define measures and mechanism focusing at the development of improvements, utility of Industry four.0 idea, and clever specialization of manufacturing industry of Serbia”, Mr Trivunac has concluded.


SERBIA RANKS 43rd ON LIST OF EASE OF DOING BUSINESS


Nov 03, 2017

Washington, October 31, 2017 — Economies in Europe and Central Asia persevered an lively application of reforms to enhance their business weather, to create jobs and spur boom, in keeping with the fifteenth anniversary version of the World Bank Group’s annual Doing Business file. Serbia ranks at forty three on the ease of doing business.

Released nowadays, Doing Business 2018: Reforming to Create Jobs records forty four reforms in the vicinity within the past 12 months, bringing to a complete of 673 the number of reforms enacted over the past 15 years.

Two of the vicinity’s economies, Kosovo and Uzbekistan, feature among this 12 months’s international pinnacle improvers and thirteen of the place’s 24 economies are ranked within the top 50 inside the Doing Business worldwide rankings.

The reforms of the past yr had been accomplished mainly inside the areas of Registering Property (with 8 reforms), Getting Credit (seven) and Protecting Minority Investors (six). For example, Georgia strengthened minority investor protections by way of clarifying ownership and manipulate structures.

The Russian Federation made it easier to switch property by means of lowering the time had to observe for state registration of identify switch. Reforms in Kosovo protected the adoption of recent laws to reinforce resolving insolvency and enhance get admission to to credit score. Uzbekistan strengthened minority investor protections via growing company transparency necessities, whilst Lithuania made getting energy simpler by using streamlining tactics and decreasing connection charges.

Turkey no longer handiest reinforced get right of entry to to credit by adopting a new regulation on secured transactions that establishes a unified collateral registry and allows out-of- court docket enforcement of collateral, but also advanced its credit reporting system by means of adopting a brand new law on personal information protection. Ukraine made managing construction allows simpler by way of notably reducing costs.

Other economies within the region that implemented reforms in the past 12 months include Kazakhstan (3 reforms), the Kyrgyz Republic (one) and Tajikistan (). In Kazakhstan, as an instance, imposing contracts turned into made easier via introducing time beyond regulation standards for key court docket events that are respected in the general public of cases.

The reform carried out within the Kyrgyz Republic reinforced get entry to to credit score through two new decrees that establish a unified and present day collateral registry and additionally progressed its credit score reporting gadget through adopting a brand new law on replacing credit score facts. Tajikistan made starting a business less difficult by way of elevating the revenue threshold for mandatory price added tax registration and removed a system to make registering property less difficult.

“The economies of Europe and Central Asia maintain to demonstrate a totally robust reform schedule,” stated Santiago Croci Downes, Program Manager of the Doing Business Unit. “As the effect of these reforms spreads, we are in all likelihood to peer a greater dynamic non-public quarter if you want to make contributions to boosting economic boom in the vicinity.”

The place’s pinnacle ranked economies are Georgia (in ninth region), the Former Yugoslav Republic of Macedonia (eleven) and Lithuania (sixteen).

Economies of Europe and Central Asia carry out best within the Doing Businessareas of Protecting Minority Investors and Registering Property. For instance, it takes on average 20 days to switch commercial property, compared with the worldwide average of 49 days.

The area maintains to underperform in Dealing with Construction Permits and Getting Electricity. It takes a median of 168 days to achieve a production allow in the vicinity, as compared to the common of 158 days globally. And it takes an entrepreneur 114 days to get connected to the electrical grid inside the vicinity, as compared to the global average of 92 days.

This year, Serbia ranks at 43 on the ease of doing enterprise, in comparison to 47 in last year’s document.

“If we look at Serbia and compare it with an appropriate business surroundings, Serbia’s score went from seventy two.87 in Doing Business 2017 to 73.13 in Doing Business 2018,” said Stephen Ndegwa, World Bank Manager for Serbia. “This means that in the final yr Serbia progressed its commercial enterprise rules as captured via the Doing Business signs in absolute phrases—the country is narrowing the gap with nations which have the high-quality business environment.”

More specifically, Doing Business reveals that Serbia implemented important modifications in the nearby regulatory framework within the following regions in 2016/17:

Serbia made beginning a enterprise less difficult by using lowering the signature certification rate and increasing the performance of the registry, decreasing the time for commercial enterprise registration. As a result, the value to begin a brand new business has dropped from 6.Five percent to 2.3 percent of the earnings per capita. Serbia advanced the reliability of its land management device via imposing a geographic information gadget.
Serbia made enforcing contracts simpler via adopting a brand new enforcement regulation that broadens and clarifies the responsibilities of enforcement marketers in addition to the powers of the courts all through the enforcement manner.

It’s important to notice that Serbia is ranked tenth when it comes to handling creation lets in on this 12 months’s file

“Over the past 15 years, Serbia has made sizable progress in several Doing Business areas and implemented a complete of 28 reforms, in particular inside the vicinity of Registering Property (with 6 reforms), Starting a Business and Resolving Insolvency (five each). The quantity of reforms in Serbia over the last 15 years evaluate well with the worldwide in step with-usa average of 17 and ECA common of 28,” stated Thomas Lubeck, IFC Regional Manager for Central and Southeast Europe.

“As a end result, beginning a brand new commercial enterprise in Serbia now takes most effective 5.5 days compared to fifty six days 15 years ago, which is three days less than the average throughout OECD excessive-profits economies. The time to clear up a business dispute through a nearby first-instance court in Serbia has also been significantly reduced during the last 15 years. It now takes 635 days as compared to 1028 days in 2003.”

However, Serbia underperforms within the vicinity of Getting Electricity. It takes 125 days to connect to the energy grid, lots more than the average of seventy nine days throughout OECD high-income economies.

Highlights of the successes of Europe and Central Asia over the last 15 years encompass:

Starting a Business and Paying Taxes had been the most not unusual areas of reform, with a hundred and twenty and 108 reforms respectively. Fifteen years ago, it took a median of 43 days to register a brand new business in the area, in comparison with 10 days now. This is 1/2 the global average of 20 days. The vicinity’s top appearing economy on this respect is Georgia, wherein it takes tactics and two days to check in a new enterprise, as compared with nine procedures and 25 days in 2003.
Georgia has applied the most reforms in the beyond 15 years, totaling forty seven, observed through Kazakhstan and the Former Yugoslav Republic of Macedonia, with 41 every.

The complete record and its datasets are available at www.Doingbusiness.Org

STEVEN SEAGAL GETS SERBIAN CITIZENSHIP


Jan 12, 2016

American action hero Steven Seagal has been granted Serbian citizenship, the country’s official state newspaper reported on Monday. A decree granting Seagal Serbian citizenship was signed by the country’s Prime Minister Aleksandar Vucic on January 8.....

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