Dr. Herbert Preclik Commercial Counsellor for Serbia, Macedonia and Montenegro Success Stories of...

Dr. Herbert PreclikCommercial Counsellor for Serbia,

Macedonia and Montenegro

Success Stories of Austrian Multinational Companies in Serbia, Macedonia and Montenegro

Serbia 10 Mio. Inh.

88.361 km2

Ø ~ 250 €/M

Macedonia 2,06 Mio. Inh.

25.333 km2

Ø ~ 221 €/M

Montenegro 0,63 Mio. Inh.

13.812 km2

Ø ~ 300 €/M

Facts & FiguresBusiness LocationOpportunities & Potentials

Agenda

GDP Growth - Serbia

5,2 5,14,5

2,4

9,3

6,3 6,7

0

2

4

6

8

10

2000 2001 2002 2003 2004 2005 2006

GDP Growth %Source: NBS

GDP Growth - Mazedonien

4,6

-4,5

0,9

2,8

4,13,6 4

-6

-4

-2

0

2

4

6

2000 2001 2002 2003 2004 2005 2006

GDP Growth %Source: WIIW

GDP Growth - Montenegro

2,2

3,1

1,72,3

3,74,2

5

0

2

4

6

2000 2001 2002 2003 2004 2005 2006

GDP Growth %Source: WIIW

Inflation - Serbia

45,5

111,9

40,7

14,87,8

13,7 17,79,1

0

20

40

60

80

100

120

1999 2000 2001 2002 2003 2004 2005 2006

Inflation %Source: NBS

Inflation - Macedonia

5,8

1,81,2

0,9

2,1

1

0

1

2

3

4

5

6

7

2000 2002 2003 2004 2005 2006

Inflation %Source: WIIW

Inflation - Montenegro

24,8

28

16

6,7

2,4 1,8 30

10

20

30

2000 2001 2002 2003 2004 2005 2006

Inflation %Source: WIIW

Unemployment - Serbia

13,3 12,1 12,2 13,3 14,618,5

20,8

0

10

20

30

40

1999 2000 2001 2002 2003 2004 2005

Unemployment Rate %Source: NBS

Unemployment - Macedonia

32,3 31,9

36,7 37,2 36,5 36,5

20

30

40

50

2000 2002 2003 2004 2005 2006

Unemployment Rate %Source: WIIW

Unemployment Rate - Montenegro

20,7 22

27,7 28 28

0

10

20

30

40

2002 2003 2004 2005 2006

Unemployment Rate %Source: WIIW

Current Account - Serbia

0

5

10

15

2004 2005 2006

Bil.

US$

Imports Exports Remittance FDI

Source: WIIW, Worldbank, SIEPA

Current Account - Macedonia

0

1

2

3

4

2003 2004 2005

Bil.

EUR

Imports Exports Remittance FDI

Source: WIIW

Current Account - Montenegro

0

0,5

1

1,5

2004 2005 2006

Bil.

EUR

Imports Exports Remittance FDI

Source: WIIW

0

200

400

600

PortugalFinland

Macedonia SCGBulgaria

Mio

. Eu

ro

2003 2004 2005 2006

Austrian Exports

Source: Export Data Base

Automotive Components - Costs

10092

83

61 58 58

44

0

20

40

60

80

100

120

HungaryCroatia

Czech Rep BiH

Macedonia

Slowakia SCG

Inde

x Po

ints

includes labor costs, property costs & utility

costs

Source: MIGA

Food Processing - Costs

101

85

63 5953 51

35

0

20

40

60

80

100

120

Croatia

Czech Rep BiHSlowakia SCG

Macedonia

Albania

Inde

x Po

ints

Source: MIGA

includes labor costs, property costs & utility

costs

Average Labor Costs - Manufacture

0

5000

10000

15000

20000

BiHKroatie

nSlowake

i

Mazedonien SCG

Albanien

Technical Skilled Unskilled

Annual cost to employer, includes

gross salary & Social Security, €

Source: MIGA

Income/Wage Tax

0

5

10

15

20

25

30

35

Serbia Montenegro Macedonia Hungary Croatia

Income Tax Wage Tax

Source: SIEPA, MACInvest, MIPA

Starting a Business

12 1015

510

49

15

24

11

1813,4

6 6,6 5,3 7,4

0

10

20

30

40

50

CroatiaSerbia

MontenegroRumania

Macedonia

Procedures Duration Cost %Source: World Bank

Investment Climate - Serbia

Investments despite political development booming (Hemopharm, Telenor)

Finalization of SAA with European Union crucial

Political struggle (Constitution, Kosovo Status)

Investment Climate - Macedonia

Little Interest /Little InvestmentSteady & Sustainable growthPolitical Stability & Reforms

Investment Climate - Montenegro

Conclusion of SAA with European Union very important

Political Stability after ElectionsMotivation after Independence

Austrian Success Story

BanksInsuranceLeasingConstructionPorsche, OMV, Henkel, ATB

Austrian Success Story – Banks

Total Assets (06/2006) in Mio.

Euro

Source: NBS

Austrian Success Story – Banks

Deposits & Borrowings (06/2006)

in Mio. Euro

Source: NBS

Trust & Sympathy

Austria`s Advantage

Acceptance of Austrian BrandsAustrian QualityMentality and UnderstandingCommon History

Opportunities - Infrastructure

Corridor VII &

X

Opportunities

Environmental TechnologyManufacturingFood Processing

Austrian Support

BanksAttorneysInsurance CompaniesTax ConsultantsAustrian Embassy Belgrade –

Commercial Section Offices in Podgorica, Pristina & Skopje

Service for Austrian Companies

Market EntryMarket SupportInvestment Consulting

Austrian Embassy Belgrade – Commercial Section

Email. belgrade@austriantrade.orgWeb. www.austriantrade.org

Regional Offices

Podgorica, Pristina & Skopje.