The value of foreign direct investment in Serbia in 2011 will be around EUR3 billion, Trade and Services Minister Slobodan Milosavljevic has announced.

He told BETA that this amount of fresh money should encourage dinar stability and improve the predictability of Serbia's overall business climate.

"A lot will depend on the amount of real funding that will arrive through investment and some further privatizations during the course of 2011. We are expecting somewhere around EUR3 billion in investment," said Milosavljevic.

He underlined that during 2010 the foreign exchange rate of the dinar played a significant role in retail price rises.
"What we certainly need is stability and predictability or at least a higher level of predictability in the movements of the dinar so that we can draw up better plans and monitor and analyze measures implemented in companies and the economy," he said.

Milosavljevic underscored that the National Bank of Serbia had to put additional effort into making the exchange rate predictable and suitable for inclusion in the business plans of companies and economic policy.