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Article: Special Supplement: Serbia - US Cash Surges In - US' Investments Have Helped To Put Serbia On The Right Track, Reports Eric Jansson.
- Article from:
- The Banker
- Article date:
- May 1, 2005
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While European investors lead the charge into Serbia's banking sector, companies from across the Atlantic are taking a leading role in the real sector. "Americans are by far the biggest investors," says Jasna Matic, director of SIEPA, the investment promotion agency. US companies have brought roughly one-third of the E3.5bn in foreign investment that Serbia has reeled in since 2002.
The floodgates opened with two deals during the real sector privatisation boom of 2003, a season of sell-offs that exceeded reformers' expectations and made Serbia's privatisation revenues the envy of the western Balkans.
Philip Morris International and British-American ...