Eastern Europe monitoring team: Matisse Grenier, Sarah Wilpotte, Olivier Husson
31/12/2022: A record year for foreign direct investment in Serbia. -Matisse Grenier-
At the end of 2022, the National Bank of Serbia gives a positive assessment of the economy, particularly with regard to foreign direct investment in the country, which reached a record level of between 4.3 and 4.4 billion euros.
In its year-end press release, the National Bank of Serbia (NBS) welcomes the progress or stability of the country’s main macroeconomic indicators, despite the multiple international crises that have shaken the national balance. The NBS also stresses that with the strengthening of the dinar against the euro by 0.2%, it is “in a surplus of more than 700 million euros on the basis of interventions on the foreign exchange market“. The media Cord believes that “the proactive actions of the central bank have mitigated the effects of the multidimensional global crisis“.
The National Bank of Serbia explains that the bulk of foreign direct investment is directed towards the processing industry, the country’s main export sector. Thus, the NBS predicts that manufacturing industry exports will exceed 23 billion euros in 2022, which is 4 billion euros more than in 2021. Serbian GDP growth in 2022 has already been forecast at 2.3%. But 2023 could be much more lacklustre in view of global forecasts.
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