Serbia, a land of agriculture, free trade agreements, tourism and all great business opportunities

Serbia has an emerging market economy. With its market of + 7 million potential consumers, Serbia the economy dominated by services, industry and agriculture.

Serbia is attracting over $25 billion in foreign direct investment (FDI). Blue-chip corporations making investments in Serbia include: FIAT, Siemens, Bosch, Philip Morris, Michelin, Coca-Cola, Carlsberg and others.

In the energy sector, Russian energy giants, Gazprom and Lukoil have made large investments.

Serbia has an unfavorable trade balance: imports exceed exports by 22%. The country has free trade agreements with the EFTA and CEFTA, a preferential trade regime with the European Union, a Generalized System of Preferences with the United States, and individual free trade agreements with Russia, Belarus, Kazakhstan, and Turkey^.

Around 60% territory of Serbia is arable land. In effect, Serbia has very favourable natural conditions (land and climate) for varied agricultural production.

Serbia is one of the largest provider of frozen fruit to the EU (largest to the French market, and 2nd largest to the German market). Agricultural production is most prominent in Vojvodina on the fertile Pannonian Plain.

Other agricultural regions include Mačva, Pomoravlje, Tamnava, Rasina, and Jablanica.

Serbia is world's second largest producer of plums (582,485 tons; second to China), second largest of raspberries (89,602 tons, second to Poland), it is also significant producer of maize (6.48 million tons, ranked 32nd in the world) and wheat (2.07 million tons, ranked 35th in the world).

Other important agricultural products are: sunflower, sugar beet, soybean, potato, apple, pork meat, beef, poultry and dairy.

There are 56,000 ha of vineyards in Serbia, producing about 230 million litres of wine annually. Most famous viticulture regions are located in Vojvodina and Šumadija.

Main industrial sectors include: automotive, mining, non-ferrous metals, food-processing, electronics, pharmaceuticals, clothes.

Automotive industry (with FIAT as a forebearer) is dominated by cluster located in Kragujevac and its vicinity, and contributes to export with about $2 billion.

Food industry is well known both regionally and internationally and is one of the strong points of the economy.

The energy sector is one of the largest and most important sectors to the country's economy. Serbia is a net exporter of electricity and importer of key fuels (such as oil and gas).

Serbia has an abundance of coal, and significant reserves of oil and gas.

Serbia has a strategic transportation location since the country's backbone, Morava Valley, represents by far the easiest route of land travel from continental Europe to Asia Minor and the Near East.

The largest mobile operator is Telekom Srbija, followed by Telenor and Vip mobile.

Serbia is not a mass-tourism destination but nevertheless has a diverse range of touristic products.

Tourism is mainly focused on the mountains and spas of the country, which are mostly visited by domestic tourists, as well as Belgrade which is preferred choice of foreign tourists.