Strategic Investment in Serbia's Startup Ecosystem to Enable Sustainability and Growth

The strategic plan of investing in the startup ecosystem within the Government of Serbia's program is well defined and valid in the long-term, Nebojsa Djurdjevic, the director of the Digital Serbia Initiative said for RTS. He believes that it is necessary to amend the Law on FX Operations and enable Serbia companies to have a more favorable position compared to the global competition.

Djurdjevic pointed out that the plan focused on the development of components that are crucial for the startup ecosystem, which has great potential to be made sustainable for private investments and to continue growing itself over the next five years.

He also said that there should be a plan to amend the Law on FX Operations, and that there wasn't one at the moment and that it held the digital economy back. Djurdjevic estimated that the law carried with itself numerous burdens for Serbian companies, that it put them in an unfavorable position compared to the regional and global competition and the it practically made it impossible for them to implement innovative models and practices that are usual in the world.

– Solutions do exist and we believe that the main problems can be solved, which would increase FX inflows, as well as foreign investments, but also the income of our companies which come from abroad – Djurdjevic believes.