Serbia is ranked number one, scoring 11.92 in the index, closely followed by Montenegro with 11.49 and Cambodia with 10,82 index in the annual study by fDi Intelligence in Greenfield Foreign Direct investments (FDI) Performance Index 2019, the Financial Times (FT) reported as carried by local media on Tuesday.
The previous year, the country was the runner-up behind Mozambique.
The study looks into Greenfield investments in 2018 relative to the size of each economy, the FT said. Serbia’s President Aleksandar Vucic welcomed the report, saying it meant that every world or European company would now check what conditions for investing in Serbia were.
“You now have a confirmation from the most prestigious world newspaper which deals with the issue, and that means there are no a serious world or European company which won’t look into the situation in the country, what the subsidies are, what is the state support and what is the workforce,” Vucic said.
He added that 3.6 billion Euros were invested in Serbia in 2018 and that this year there would be more FDI, adding he wouldn’t compare his country to those from the region “because Serbia is far more successful.”
Bosnia and Herzegovina ranked 15 and North Macedonia 18. Speaking about the announced investment plan worth 10 billion Euros, Vucic said that the amount would be much higher because both the World Bank and the International Monetary Fund estimated Serbia’s GDP growth to reach four percent.
The FT report showed that the 20 emerging European countries scored greater than 1, except Russia with its 0.95, while Serbia and Montenegro, the paper said, had far exceeded their regional counterpart, including Bosnia and Herzegovina and Lithuania which have high index scores.
Among the 50 world countries, the Western Europian states with developed economies, Britain holds the 40th position, Portugal 46th and Spain 50th.