Delegate office of German Industry and Commerce

BELGRADE - Head of the Delegate Office of German Industry and Commerce for Serbia Martin Knapp said Friday that the austerity measures presented by Serbian Prime Minister Aleksandar Vucic are necessary for the country's economy, adding that state bankruptcy would be much worse than the agressive cuts, however difficult they may be for the citizens.

BELGRADE - Head of the Delegate Office of German Industry and Commerce for Serbia Martin Knapp invited German investors on Friday to invest in Serbia, adding that the country had the potential to be in the same category as Hungary, the Czech Republic, Poland and Slovenia.

The Delegate Office of German Industry and Commerce for Serbia will help them in that, he told Tanjug.

BELGRADE - Head of the Delegate Office of German Industry and Commerce for Serbia Martin Knapp said on Thursday he was very optimistic about Serbia's business potential, adding that the country had to convince German companies to come and start their business there.