Yields up to 1,000% for Romanian investors in Serbia

Thus, Rompetrol and Petrom oil groups, Tender SA, with operations in the transportation and pharmaceutical industry, Cuprom, with operations in the steel industry, the Mobexpert furniture producer, and the International Railway Systems transportation company have developed their business in Serbia.

Assets currently being privatized on the Serbian market are cheap, allowing for yields of up to 1,000 percent in seven years, according to several investors. Furthermore, the country’s labor force is inexpensive compared to other former Yugoslav countries, and its infrastructure is developed. These are the main reasons drawing investors to the Serbian market.

International Railway Systems, controlled by businessman Cristian Burci, yesterday announced the takeover of 49 percent of Serbian Friulexpert railway group, with the possibility of acquiring the remaining stock.

Although they lost the bid to Russian companies for the privatization of Serbian state-owned assets, Rompetrol and Cuprom opted for greenfield projects or the acquisition of private companies.

“I believe that increasingly more Romanian business people will discover Serbia because they will soon become aware of this country’s growth potential. Romania’s economic situation is declining in terms of opportunities, as they look for successful economic operations, Romanians will finally recognize the potential of this country,” Tender SA owner, businessman Ovidiu Tender, told Business Standard.

Furthermore, Tender added that “the victory of a pro-European party in the country’s elections proves that I made a good choice and that my forecast will become a reality.”