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PERSPECTIVES ON SERBIAN ECONOMY Belgrade, 30 March 2011 Emiliano Steinfl Head of Corporate Banking UniCredit Bank Srbija
AFTER A PERIOD OF DYNAMIC GROWTH, GLOBAL CRISIS HIT THE SERBIAN ECONOMY IN 2009   2006 2007 2008 2009 2010 GDP (in EUR million) 23.305 28.785 33.418 29.967 29.882 Real GDP growth (in %) 5,2 6,9 5,5 -3,1 1,5 CPI YoY 6,6 11,0 8,6 6,6 10,3 NBS foreign exchange reserves (in EUR million) 9.041 9.660 8.190 10.602 10.002 Exports (in EUR million) 6.949 8.686 10.157 8.478 10.070 Yearly growth rate in % 30,4 25,0 16,9 -16,5 18,8 Imports (in EUR million) 11.971 16.016 18.843 13.577 14.833 Yearly growth rate in % 24,5 33,8 17,7 -28,0 9,2 Current account balance -2.356 -5.053 -7.054 -2.084 -2.074 as % of GDP -10,1 -17,6 -21,1 -7,0 -6,9 FDI (EUR million) 3.323 1.821 1.824 1.402 762 Unemployment (in %) 20,9 18,1 13,6 16,1 19,2 Wages (EUR) 259,5 347,6 358,4 337,9 339 RS budget deficit/surplus (in % of GDP) -1,9 -1,7 -1,8 -3,2 -3,4 Consolidated fiscal result (in % of GDP) -1,9 -2,0 -2,4 -4,4 -4,4 RS public debt (external + internal, in % of GDP) 40,1 31,4 26,3 32,9 40,7 External Debt (EUR million) 14182,0 17.138 21.088,0 22.487,0 23.786,0 RSD/EUR exchange rate (average, in the period) 84,10 79,96 81,44 93,95 102,94 RSD/EUR exchange rate (end of period) 79,00 79,24 88,60 95,89 105,50
STRUCTURE OF SERBIAN GDP 2008-2009 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Statistical Bureau of RS, NBS Database Share in total GDP (percent)
GROWTH RECOVERY IN 2010, WITH FAVORABLE OUTLOOK FOR 2011 Contribution to 2011 GDP growth GDP real growth ,[object Object],[object Object],[object Object],[object Object],[object Object],Source: IMF data, NBS Database
IN ORDER TO CREATE A FAVORABLE ECONOMIC STRUCTURE INFLOW OF FDI’S IS CRUCIAL – Comparative advantages of Serbia ,[object Object],[object Object],[object Object],[object Object],TAX INCENTIVES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],FINANCIAL INCENTIVES OTHER ADVANTAGES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
UniCredit Group: European Branch network and banking subsidiaries Copenhagen Countries where the Group operates via its own branches, representative offices, small banking subsidiaries, or investment centers (Pioneer) Countries where the Group operates via local banks controlled or in which it has a significant equity interest Amsterdam Athens Bern Brussels Dublin Geneva London Luxembourg Madrid Monaco Oslo Paris San Marino Skopje Zurich AT: Bank Austria DE: HypoVereinsbank IT: UniCredit HU: UniCredit Bank SI: UniCredit Bank Baltics: UniCredit Bank BA: UniCredit Bank Nova Banjalučka Banka HR: Zagrebačka banka BG: UniCredit Bulbank RS: UniCredit Bank AZ: Yapi Kredi Azerbaijan TR: Yapi Kredi RO: UniCredit Tiriac Bank RU: UniCredit Bank PL: Bank Pekao UA: UniCredit Bank Ukrsotsbank SK: UniCredit Bank KZ: ATF Bank CZ: UniCredit Bank KG: ATF Bank TJ: Sohibcorbank UniCredit - at a glance
CONTACTS ,[object Object],[object Object],[object Object]

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Presentazione Emiliano Steinfl

  • 1. PERSPECTIVES ON SERBIAN ECONOMY Belgrade, 30 March 2011 Emiliano Steinfl Head of Corporate Banking UniCredit Bank Srbija
  • 2. AFTER A PERIOD OF DYNAMIC GROWTH, GLOBAL CRISIS HIT THE SERBIAN ECONOMY IN 2009   2006 2007 2008 2009 2010 GDP (in EUR million) 23.305 28.785 33.418 29.967 29.882 Real GDP growth (in %) 5,2 6,9 5,5 -3,1 1,5 CPI YoY 6,6 11,0 8,6 6,6 10,3 NBS foreign exchange reserves (in EUR million) 9.041 9.660 8.190 10.602 10.002 Exports (in EUR million) 6.949 8.686 10.157 8.478 10.070 Yearly growth rate in % 30,4 25,0 16,9 -16,5 18,8 Imports (in EUR million) 11.971 16.016 18.843 13.577 14.833 Yearly growth rate in % 24,5 33,8 17,7 -28,0 9,2 Current account balance -2.356 -5.053 -7.054 -2.084 -2.074 as % of GDP -10,1 -17,6 -21,1 -7,0 -6,9 FDI (EUR million) 3.323 1.821 1.824 1.402 762 Unemployment (in %) 20,9 18,1 13,6 16,1 19,2 Wages (EUR) 259,5 347,6 358,4 337,9 339 RS budget deficit/surplus (in % of GDP) -1,9 -1,7 -1,8 -3,2 -3,4 Consolidated fiscal result (in % of GDP) -1,9 -2,0 -2,4 -4,4 -4,4 RS public debt (external + internal, in % of GDP) 40,1 31,4 26,3 32,9 40,7 External Debt (EUR million) 14182,0 17.138 21.088,0 22.487,0 23.786,0 RSD/EUR exchange rate (average, in the period) 84,10 79,96 81,44 93,95 102,94 RSD/EUR exchange rate (end of period) 79,00 79,24 88,60 95,89 105,50
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  • 6. UniCredit Group: European Branch network and banking subsidiaries Copenhagen Countries where the Group operates via its own branches, representative offices, small banking subsidiaries, or investment centers (Pioneer) Countries where the Group operates via local banks controlled or in which it has a significant equity interest Amsterdam Athens Bern Brussels Dublin Geneva London Luxembourg Madrid Monaco Oslo Paris San Marino Skopje Zurich AT: Bank Austria DE: HypoVereinsbank IT: UniCredit HU: UniCredit Bank SI: UniCredit Bank Baltics: UniCredit Bank BA: UniCredit Bank Nova Banjalučka Banka HR: Zagrebačka banka BG: UniCredit Bulbank RS: UniCredit Bank AZ: Yapi Kredi Azerbaijan TR: Yapi Kredi RO: UniCredit Tiriac Bank RU: UniCredit Bank PL: Bank Pekao UA: UniCredit Bank Ukrsotsbank SK: UniCredit Bank KZ: ATF Bank CZ: UniCredit Bank KG: ATF Bank TJ: Sohibcorbank UniCredit - at a glance
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