The strong links of Serbia’s economy to the ones of EU member states, particularly Germany, will be a decisive factor for Serbia to continue following its EU pathway, regardless of the daily-political events, Head of Delegation of the German Economy to Serbia Michael Schmidt has stated.
The majority of German companies are primarily interested in business conditions and opportunities offered by the Serbian market, regardless of the daily political situation, Schmidt said in an interview for the Belgrade-based Politika, adding that a country’s EU integration is often accompanied by political conditioning and disagreements.
According to Schmidt, Serbia is Germany’s biggest partner among the CEFTA members states. He said that Germany’s investments in Serbia’s healthcare, chemical industry, electronics and auto parts production has considerably increased the volume of commodities exchange between the two countries.
Owing to these investments, Serbia’s export to Germany in 2010 and 2011 increased over 20 percent on average. The growth rate of Serbia’s export will most likely not repeat in 2012 as the Bundesbank forecasts only a 0.6 precent growth in Germany next year, said Schmidt, adding that he expects that economic cooperation between the two countries will further improve in 2012.
Source emg.rs
