SERBIA

located at the central and south-eastern Europe.

It has many neighbours countries. Belgrade is the capital city of Serbia. Boris Tadic is the president of the

country. Population is about 7 million people.

It is a member of United Nations,Council of Europe,BSEC and currently preside over CEFTA

EU membership applicant

TRANSPORT Serbia owns one of the world’s oldest

airline carriers,Jat airways which is founded in 1927

It has three international airport The Historians have labeled Serbia

and especially the valley of the Marova,as the crossroads between East and West

POLITICS Serbia regained its independence in

2006 after 88 years in various federation

The parliament announced a constituonal referendum that would replace the former Yugoslav constitution

It created the new framework for the newly nation by a new constitution of Serbia

After World War II,Serbia became a constituent republic within the socialist Federal Republic at Yugoslavia

It is known as the Socialist Republic of Serbia and had a republic-branch of the federal communist party

ECONOMY

GDP for 2010 estimated at 80 billion Foreign direct investment was

approximately 6 billion in 2006 FDI for 2007 reached 4.2 billion while

real GDP per capita figures are estimated to have reached nearly 7 billion in April 2009

The GDP growth rate showed increase by %5.8 in 2006,%7.5 in 2007,and %8.7 in 2008 as the fastest growing economy

According to the euro-stat which is directorate-General of the European Commission,Serbian GDP per capita stood at %37 of the EU average in 2008

The Serbian economic system is classified by the World Bank as upper-middle income

The economy has a high unemployment rate of %14 and an unfavourable trade deficit

The country expects some major economic impulses and high growth rates in the next years

given its recent high economic growth rates,which averaged %6.6 in the last three years

Serbia is the only European country outside the former USSR to have free trade agreement with Russia and Belarus

Corporations investing in Serbia include:United States Steel,Philip Morris,Microsoft,Fiat,Coca-cola,Lafarge,Siemens,Carlsberg.

In the energy,Russian giants Lukoil and Gazprom have invested heavily.

In the trade sector,biggest foreign investors are France’s Intermarche,German Metro Cash-Carry,Greek Veropoulos and Slovenian Mercator