Vladimir Mirković
Economists Association of Belgrade, Belgrade, Serbia
Marija Vujičić
Economists Association of Belgrade, Belgrade, Serbia
Jelena Lukić
Modern Business School, Belgrade, Serbia
DOI: https://doi.org/10.31410/EMAN.2018.936
2nd International Scientific Conference – EMAN 2018 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 22, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty – Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-11-0
Abstract
Economic science recognizes foreign direct investments (FDIs) as considered as source of economic growth and development as well as a factor of increasing GDP, increasing employment rate and factor of creation confidence in institutions of certain country. Credibility of the country leads to their increased engagement into international flows and better competitiveness level. Majority of transition economies, such as Serbia, were focused on FDIs attraction, whilst banking sector was marked as one to the most propulsive targets for entrance. Removing of entrance barriers on Serbian banking market as well as conducted several regulatory changes in accordance with European Union legislative were critical milestones in the process of attracting FDIs in Serbian banking sector, which currently operates under above-average performance in comparison with neighboring countries. This paper analyzes the structure of FDIs in Serbian banking sector, by granulation on greenfield and brownfield investments and pinpoint on major movements and perspectives of development.
Key words
foreign direct investments, greenfield, brownfield, Serbian banking sector, transition economies.