Russia has invested approximately USD1 billion in Serbia over the past five years, whereas Serbian investment in the Russian market totaled around USD400 million, according to participants in the Serbian-Russian Business Forum, held in Belgrade.

The head of the Serbian Business Council for Cooperation with Russia, Nikola Pavicic, said that the biggest Serbian investors in Russia are private companies Sintelon and Hemofarm, while Russian investors in Serbia are both state-owned and private.

He said that Russia is the right country for Serbian investment, adding that Serbian exports will increase if Serbian companies are founded in the Russian market.

President of the Russian Business Council for Cooperation with Serbia Vadim Nikolayevich Vorobyov said there is more room for improvement in the cooperation between Serbia and Russia.

Source: Emportal