Serbia Nature & Economy

Location: Southeastern Europe, between Macedonia and Hungary
Population: 10,650,000 (2013 est.)
Land Area: 88361km2
Capital: Belgrade
Main cities: Pristina, Novi Sad, Nis
Languages: Serbian (official); Romanian, Hungarian, Slovak, and Croatian (all official in Vojvodina); Albanian (official in Kosovo)
GDP: $42.939 billion (2012)
Monetary unit: Serbian Dinar (RSD)
Exports: $6.428 billion (excluding Kosovo and Montenegro) (2006 est.)
Exports - commodities: manufactured goods, food and live animals, machinery and transport equipment
Imports: $10.58 billion (excluding Kosovo and Montenegro) (2005 est.)
Natural resources: oil, gas, coal, iron ore, copper, lead, zinc, antimony, chromite, nickel, gold, silver, magnesium, pyrite, limestone, marble, salt, arable land.

Economy Overview
 
Since October 2000, Serbia economy has made a high growth, which reaches 6.3% in 2006. Belgrade has made progress in trade liberalization and enterprise restructuring and privatization, including telecommunications and small and medium size firms. It has made progress towards EU membership despite signing a Stabilization and Association Agreement with Brussels in May 2008. Serbia is also pursuing membership in the World Trade Organization. Unemployment and the large current account deficit remain ongoing political and economic problems.

Being the only European country with free trades agreements with both the EU and Russia, Serbia expects more economic impulses and high growth rates in the coming years.In recent years, Serbia has seen an increasingly swift foreign direct investment trend, including many bluechip companies (US Steel, Philip Morris, Microsoft, FIAT, Lukoil, Coca-Cola, Gazprom, Lafarge, Siemens, Carlsberg).




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