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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
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