About Serbia

Položaj Srbije u Evropi

Serbia, the country of the future, is located in South-Eastern Europe in the middle of the Balkan Peninsula and covers an area of ​​88 368 square meters. It is divided into five regions (region of Belgrade, region of Vojvodina, region of North Sumadija and Western Serbia, region of South-Eastern Serbia and region of Kosovo and Metohija), which include the city of Belgrade as a special district and 29 administrative areas.

Serbia is characterized by rich nature, mountains, long tradition, modern mentality and glorious history that includes 16 Roman emperors who were born or lived in the territory. The country’s history and achievements make it an important member of modern civilization and international community.

Serbia belongs to the West European time zone (one hour ahead of Greenwich time). It has a moderate continental climate with a gradual transition between the four seasons.

As a European crossroad Serbia is an important geopolitical territory where international roads and railways, especially corridor 7 and 10 which are passing down its river valleys, make up the shortest link between Western and Central Europe on one hand and the Middle East, Asia and Africa on the other.

srbija-info

Serbian border length is 2 364.4 km (1 570 km land-based, river-based is 751.1 km and lake-based is 43.3 km). Serbia borders with Bulgaria to the east, Romania to the north-east, Hungary to the north, Croatia and Bosnia and Herzegovina to the west, Montenegro to the south-west and Albania and Macedonia to the south. Serbia has a population of 9.5 million inhabitants.  Its geopolitical position makes it an ideal export location and to support that it is important to mention that Serbia has grown into a leading investment location in Central and Eastern Europe by the fact that only in 2011 it attracted $ 20 billion of foreign investments. The list of major foreign investors are global companies such as FIAT, Telenor, Satrade, Michelin, Gazprom, Intesa Sanpaolo, Benetton and others.

The result of a proactive government policy is more than 12 billion of foreign direct investments over the past five years. The main sectors for foreign investments were service-providing sectors such as financial services, telecommunications, oil and retail sectors. On the other hand, equally important are the enormous investments in industrial sectors such as food processing, automotive, pharmaceutical, tobacco, clothing, electronics etc.

Serbia, the second largest market in the region, is a member of CEFTA – the third zone in size in Southeastern Europe, with over 25 million residents. It is the only country outside the commonwealth of independent states that enjoys free trade agreements with Russia and countries such as Belarus, Turkey and Iran with a total of 320 million consumers. Serbia also enjoys duty-free privileges with the EU and US for most products and services.

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