Serbia one of emerging Europe's better performers since pandemic - Fitch expert

NEW YORK - Since COVID-19, Serbia has been one of emerging Europe's better performers, according to Paul Gamble, senior director in the Sovereign Group at Fitch Ratings, who notes that the Serbian government had "rationalised spending, enabling it to reduce debt, which has been backed up by strong growth and investment."

"The FDI story is a good one, with inflows typically equivalent to 5 pct to 7 pct of GDP, while the business operating environment is positive," Gamble told the US-based Global Finance magazine.

"Serbia's success story dates further back than post-Covid. Over the past 15 years, Belgrade has followed a successful program of economic reform that has helped overhaul one of Southeast Europe's more moribund economies. It has diversified away from light manufacturing and agribusiness - the traditional mainstays of its economy - toward information and...