Serbian government raises investment threshold for subsidies

The government decree also divided the country into five regions based on local development: Belgrade, Vojvodina, Sumadija and Western Serbia, Southern and Eastern Serbia and Kosovo and Metohija.

It said that investors in the Belgrade region can count on subsidies for a minimum investment of 500,000 Euro and at least 50 new jobs, investors in Vojvodina need 400,000 Euro in investments and 40 new jobs. Investments in the Sumadija and Western Serbia, Southern and Eastern Serbia and Kosovo and Metohija regions require a minimum of 300,000 Euro and 30 jobs for subsidies.

The minimum investment of 100,000 Euro and 10 new jobs remains in place in local administrations which have been classed as devastated. The decree said that the deadline for investments in excess of 5 million Euro is 10 years from the date that an application for subsidies was filed.

Under the decree, investors will get 20 percent of gross salaries up to the level of 2,000 Euro in the Belgrade region, 25 percent up to 3,000 Euro in Vojvodina, and 30 percent and up to 5,000 Euro in the remaining regions.