ECONOMY

Greek investment in Serbia tops 2 billion euros

Greek enterprises top the list of foreign investors in Serbia as more than 250 local companies are active in the Balkan country, a business conference on ?Business Opportunities in Serbia? in Athens heard on Wednesday.

Serbia’s Deputy Prime Minister Bozidar Djelic (pictured) said that there is great interest in his country for Greek imports, stating that «we want products from Greece beyond just fruit and feta cheese.»

He went on to estimate that Serbian tourists to Greece will reach 1 million this year from 700,000 last year, placing Serbia in the top-three of Greece’s tourism markets. He added that the two countries are well on their way to lifting counter-incentives for business growth and cooperation.

Constantinos Michalos, the head of the Athens Chamber of Commerce and Industry that hosted the event, suggested that Serbia remains one of the top markets for Greek companies, with the total Greek capital invested there exceeding 2 billion euros. Interest, meanwhile he said, is growing.

Deputy Foreign Minister Spyros Kouvelis said Greek banks can be the springboard for more investment in Serbia, where they have a 16-percent share of the credit market.