Tourism investment potentials in Serbia

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Tourism investment potentials in Serbia General
Assembly of UNWTO Prof. Goran Petkovic,
Ph.D Tourism State Secretary
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SERBIAN TOURISM
INVESTMENT FOR FUTURE

• 2006 Strategy (Masterplan) of Serbien tourism
  development
• 2007 22 regional, sub regional and destination
  master plans
• Total projected investment in master plan
  projects amounts up to 4 billion
• 8 master plans already finished by international
  companies and in process of search for
  international investors

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• IS THERE POTENTIAL TO DEVELOP THOSE PRODUCTS?

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POTENTIAL INVESTMENT SITES
Mountains Stara Planina, Tara, Golija,
Beljanica, Zlatibor, Vlasina Spa
Sokobanja Cultural Tourism -Archeology Felix
Romuliana
Stara Planina- Mountains
Tourism -Archeology Felix Romuliana
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POTENTIAL INVESTMENT SITES
Stara planina mountain resort Total inv450 ml
priv.80 ml publ.
Palic Lake resort Total Inv 120 ml priv 30 ml
Eur
Lower Danube Total 260 ml. Eur
Upper Danube Priv 132 ml Publ 30 ml
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• WHAT ARE MACROECONOMIC PRECONDITIONS ?

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Macroeconomic environment Robust GDP growth with
stable fiscal and monetary conditions
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Macroeconomic environmentAll-time record foreign
currency reserves amounting over 13 billion
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Competitive labor cost
2006 Average Gross Salary 387 EUR 2006 Average
Net Salary 265 EUR
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Favorable Tax Regime
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Favorable Tax Regime
Lowest Individual Income Tax Rates
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Current situation
01.01-31.08. 2007 registered 1,6 mil. tourist.
Increase of 14 in number of overnight stays
compared to the same period in 2006
Registered in 2006. 2.006.488 tourists (1.537.646
domestic and 468.842 foreign). Average stay (in
days) 3,3

• Tourism income
• 2007. expctd 0,5 bl.
• 409 mill.
• 2005. 305 mill.
• 2000. 26,5 mill.

Increase in investments in Tourism 11 Tourism
share in GDP 2
Source Office for Informatics and Statistics of
the Republic of Serbia
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FUTURE PLANS

• Growth based on investments
• PPP infrastructure commercial
  development
• Tourism as regional / interreg development driver
• Tourism as environment protection and
  revitalization tool
• Strategic goals
• Visitors 2006 2ml ? 2015 5,5ml
• Overnight stays 2006 6,6 ml ? 2015 15 ml

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Ministry of Economy and Regional
Development Bulevar kralja Aleksandra 1511000
Belgrade, Serbia Phone [phone] Fax
381 11 3346-770 www.merr.sr.gov.yu