Serbia has a transitional economy with significant state sector dominance, although privatization of national assets is on-going. The economy relies on manufacturing and exports, driven largely by foreign investment. The country has made progress towards EU membership (acquiring a candidate status in March 2012) and is also pursuing membership negotiations with the WTO; however, lack of transparency remains an issue. In 2010, Serbia adopted a new long-term economic growth plan, calling for a quadrupling of exports over the next decade and heavy investments in basic infrastructure. Canada has established but limited trade and investment relationship with Serbia, although there is potential for opportunities across a wide range of sectors.
- Construction & Infrastructure
- Mining & Metals
- Oil and Gas
How we can support your business
Through our representation Turkey, Istanbul, we provide regional support to Canadian companies planning on or currently doing business in Serbia. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
Consult our interactive Country Risk Quarterly report.