International Information Centre for Balkan Studies

Turkish investments in Serbia on rise since 2015; 133.7 mill Euros in FDI

January 31, 2020

It added that the Turkish companies took over 19 projects in Serbia worth 395.7 million US Dollars, and 17 out of them started after 2018, the Ankara embassy to Belgrade told the magazine.

The current number of Turkish firms in Serbia is 800 compared to 130 in 2015. Those companies employ 10,000 workers.

The commodity exchange between the two countries was over a billion Euros in 2018, but with only 30 percent imports were covered by exports.

In the first nine months of 2019, the trade exchange was 904 million Euros, meaning that it could exceed the 2018 result.  

Source:  http://rs.n1info.com/English/NEWS/a565438/Turkey-has-800-companies-in-Serbia.html            

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