Slovak News Back to the news
Slovak-Serbian Trade Decreases due to Crisis
Monday 30 November 2009 Zoom in | Print page
Zilina, November 30 (TASR) - A conference called Serbia - Your Investment, Business and Co-operation Partner in Zilina on Monday offered possibilities of investment in Serbia and Slovakia, it was announced on the same day.
The conference was organised by the Zilina Regional Chamber (ZRK), Slovak Trade and Industry Chamber (SOPK) and Vojvodina Economic Chamber and Kikinda Economic Chamber.
According to ZRK director Jan Misura, Slovakia exported to Serbia goods worth $380 million in 2008, while it was $226 million vice versa. This year, the mutual trade fell to $189 million and $61.6 million respectively, said Misura.
He said that the Slovak businesses investing in Serbia can take advantage of the customs-free union between Serbia, Belarus and Russia. If Slovak companies establish a business in Serbia, they can export their goods to the said countries without custom taxes, which isn't possible to do from the EU.
Vice-chairman of the Vojvodina Economic Chamber Dragomir Djukic underlined that the Serbian legislation is in accordance with the EU legislation. He presented the conference participants with information about Serbian investors, locations and conditions of investments in individual towns and labour force there. He recalled that Serbian businessmen import to Slovakia, among other things, agriculture produce, textile, civil-engineering products, sugar and acetic acid.
Misura said that Slovakia is the 17th largest investor in Serbia. "Between 200-2008, Slovak companies invested in Serbia $66.3 million. The companies included U.S. Steel Kosice, Vagonka Trnava, Neografia Martin and investors in the heating sector," said Misura.
All rights reserved. Any publishing or further dissemination of press releases and photographs from TASR's resources without TASR's prior written approval constitutes a violation of the Copyrights Act.
