The Serbia Investment and Export Promotion Agency (abbr. SIEPA) was a Serbian
investment promotion agency An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, s ...
. Established on 28 February 2001 by the
government
A government is the system or group of people governing an organized community, generally a state.
In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...
of
Serbia
Serbia (, ; Serbian language, Serbian: , , ), officially the Republic of Serbia (Serbian language, Serbian: , , ), is a landlocked country in Southeast Europe, Southeastern and Central Europe, situated at the crossroads of the Pannonian Bas ...
, the agency promoted
foreign direct investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...
(FDI), and supported companies seeking to set up or expand their business operations in Serbia.
It was shut down in 2016.
Services
The following services were offered to potential investors:
*Providing statistics;
*Economic and legal investment related information;
*Database of
greenfield and other
investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing i ...
*Assistance in obtaining registration, licenses, permits and other legal documentation;
*Identifying local partners and suppliers;
*Presenting ready-to-invest projects;
*Maintaining investment and exporters databases;
*Delivering sector analysis and studies.
SIEPA networks with all FDI-related public and private sector bodies, including government ministries and other governmental bodies, municipal authorities and local self-government, building land agencies, tax and customs authorities, statistical bureaus, chambers of commerce and the
National Bank of Serbia
The National Bank of Serbia ( sr, Народна банка Србије, Narodna banka Srbije) is the central bank of Serbia. Founded in 1884, the responsibilities of the bank are: monetary policy, sole issuer of Serbian banknotes and coins, p ...
. In addition, SIEPA expert staff offers information packages about law, industries, sectors, business practices, and general doing business in Serbia. SIEPA publications and materials on doing business in Serbia, as well as detailed sector analysis and studies are available in hard copy and can be downloaded at www.siepa.gov.rs. The SIEPA website is currently available in English, Serbian, French, Italian and Russian languages. SIEPA is a member of the
World Association of Investment Promotion Agencies
The World Association of Investment Promotion Agencies (WAIPA) is an international Non-governmental organization established in 1995 by the United Nations Conference on Trade and Development that acts as a forum for investment promotion agencies ( ...
(WAIPA), as well as the World Trade Promotion Organizations (WTPO), a part of the
International Trade Centre
The International Trade Centre (ITC) () is a multilateral agency which has a joint mandate with the
World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD).
The head ...
(ITC).
Recognition
*Among the top 8 agencies out of 114 reviewed in developing countries according to the MIGA 2006 IPA Performance Review.
*Awarded special prize for the Best Practices in Promotion – 2007 World Investment Conference.
*Short listed for the 2008 World TPO Awards in the category of the Best Trade Promotion Organization from a Developing Country.
See also
*
Investment promotion agency An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, s ...
References
External links
Official SIEPA websiteWorld Association of Investment Promotion Agencies
{{DEFAULTSORT:Siepa
Economy of Serbia
Investment promotion agencies
2001 establishments in Serbia
Organizations established in 2001
Export promotion agencies