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Friday, 05/29/2009 2:56:03 PM

Friday, May 29, 2009 2:56:03 PM

Post# of 4967341
Compensated Awareness Post View Disclaimer
GSAE still 2.25 x 2.30 Last trade 2.25

U.S. Private Investment in Serbia and Montenegro
Private Sector investment is another important component of the partnership between the United States and Serbia and Montenegro. The United States is the largest source of foreign direct investment (FDI) in Serbia, with total committed investments of over $1 billion.

http://belgrade.usembassy.gov/partnership/invest.html

Through the active promotion of U.S. investment in Serbia and Montenegro, through our Foreign Commercial Service and the promotion of Serbia as a great place to invest, the number of large investors continues to grow. U.S. investment in Serbia and Montenegro strengthens the economy, while preserving and even creating jobs. Such investments also increase bilateral trade, creating new opportunities for both U.S. exporters and local businesses.

In 2002, the U.S. ranked as the fifth largest source of foreign direct investment, but gained the top spot in 2003 due to the completion of more large investments. In August 2003, The Philip Morris Corporation purchased the Nis Tobacco Factory (DIN) through the privatization process, so far investing EUR 580 million, becoming the single largest foreign investor in Serbia. Earlier in 2003, U.S. Steel announced its acquisition of Serbia’s steel producer, SARTID; total investment will exceed $250 million. In February 2003, Galaxy Tire purchased Ruma Guma, a specialty tire producer, through privatization. The Colorado-based Ball Corporation made the largest green-field investment in Serbia to date with $75 million in the recently completed construction of a factory for the production of metal cans.

In 2005 American companies continued to invest in Serbia. In February, The Coca Cola Company purchased bottled water producer Vlasinka, for EUR 21.5 million, and Dyncorp International has won a USD 60.6 million tender to build a cargo terminal and set up a joint venture with Belgrade Airport following a USTDA feasibility study.

We are active engaging with Serbian Diaspora groups in the United States to explore ways to build greater connections between Americans of Serbian and Montenegrin origin and their ancestral homeland. We hope to identify certain activities that will foster Diaspora contributions to the USG policy goals of economic development for Serbia and Montenegro.

diaspora
a. A dispersion of a people from their original homeland.
b. The community formed by such a people
4. diaspora A dispersion of an originally homogeneous entity, such as a language or culture: "the diaspora of English into several mutually incomprehensible languages"

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