Germany's 12 direct investors arrived in Serbia in 2011

The economic cooperation between Germany and Serbia is successful in every aspect, so that it can already be said with certainty that last year's value of the exchange of goods between the two countries (EUR 1.99 billion) is exceeded this year, the German Business Delegation to Serbia announced.

- According to the latest data provided by the German Federal Ministry of Economy and Technology, the trade between the two countries reached EUR 1.95 billion until 31 October 2011. In this period, Germany imported goods worth EUR 729.22 million from Serbia and exported EUR 1.22 billion worth of goods to Serbia. There is a big chance for Serbia's exports to Germany to hit record high in past 11 years in 2011 - reads a statement of the German Business Delegation to Serbia.

Director of the German Business Delegation to Serbia Michael Schmidt says that Serbia's exports to Germany have been boosted mainly owing to German enterprises in Serbia that are focused on exports to Germany and the EU.

- As many as five out of the top ten Serbian exporters to Germany are German companies, whereas the current export leader is Siemens. The fact is that Germany has become Serbia's most important trade partner, and it will remain that in the future.

People at the German Business Delegation to Serbia add that this year's arrival of 12 significant investors in Serbia, from Subotica to Pirot, is a clear sign that the improvement of business relations between the two countries will continue its upward trend.