The Freedom Bridge across the Danube near Novi Sad, Serbia

Development potential Important market in South-Eastern Europe

Serbia is one of the most important markets in South-Eastern Europe. Thanks to its good transport connections and competitive wages, the country has a chance to become a successful supplier of industrial goods, for instance auto parts.

However, to that end Serbia would have to make its vocational training programmes more practice-oriented and stop the exodus of skilled workers.

The country's official status as a candidate for EU accession means that it is already entitled to some European Union funding. It is using these funds, for example, to reform its administrative system, develop rural areas and modernise and expand its infrastructure. As a result, the environment for foreign investment and sustainable economic development is improving steadily.