Details added (first version posted on 12:41)
Baku, Azerbaijan, May 22
By Anvar Mammadov - Trend:
Serbia invites Azerbaijani businessmen to invest in a number of sectors of the country's economy, Serbian President Aleksandar Vucic said.
Vucic made the remarks at the Azerbaijani-Serbian business meeting in Baku May 22.
"Economic relations between our countries must be at the same high level as political ones,” the president said. “There are several factors stipulating that. Yesterday several agreements on strategic partnership were signed between Azerbaijan and Serbia. I hope that this will positively influence the development of bilateral relations between our countries. There are also opportunities for the development of business relations.”
“We invite Azerbaijani companies to invest in Serbia,” he said. “We have a very favorable situation in the country for that. Our budget has been executed with a surplus for three years, thanks to which the population’s income is growing. In 2017, $2.6 billion of direct foreign investments were made in Serbia. In 2018 we expect their volume to increase to $3 billion."
President Vucic added that Serbia is ready to provide Azerbaijani companies with various privileges, preferences and subsidies.
"You can invest in any sphere in Serbia and depending on the amount of investments, we grant privileges in the amount of 15 to 20 percent," the president said. “I call on Azerbaijani entrepreneurs to invest in real estate, hotel business, healthcare and other sectors. Investors will be provided with tax preferences and various subsidies."
According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and Serbia amounted to $1.96 million in January-April 2018, which is 30.7 percent more than in the same period of 2017.
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