Serbia’s Vojvodina sets out opportunities for investment

Northern Serbia’s Vojvodina region is keen to attract foreign direct investment and the region’s development agency was at EXPO Real to showcase opportunities.

“We we came to expo real with five cities of from Vojvodina region all of which have very interesting projects to present to investors,” said Biljana Vrzic, head of department, national and international funds, Vojvodina Development Agency.

The region includes industrial zones, some of which are “free zones” where no customs tariffs apply, which is a useful incentive as Serbia is not an EU member state.

Vrzic said there are also tourism opportunities such as spa, wellness, sports and leisure projects on both brown and green field sites.

However Vojvodina region is also attractive to agribusiness, the automotive sector and for the last 10 years, ICT has been its fastest developing sector. “We are now searching for higher added value investments such as in R&D centres,” Vrzic said. “This is why we would also welcome investments in office space. Those ICT companies both domestic and foreign, who have come lately are very interested in the region and need office space, especially in Novi Sad, the main city.”