FES: Serbian oligarchs guard Serbia's retail sector from foreign competitors

Friedrich Ebert StiftungSerbia's economy still remains captive to oligarchs who made their fortunes during the Milosevic era, according to Germany's Friedrich Ebert foundation. Their control is putting the brakes on foreign investment.

Serbia's economy still remains captive to oligarchs who made their fortunes during the Milosevic era, according to Germany's Friedrich Ebert foundation. Their control is putting the brakes on foreign investment.

A study conducted by a German think tank has found that Serbian oligarchs guard Serbia's retail sector from foreign competitors by controlling import licences. They then foist inflated prices on the country's consumers.
Furthermore, the study found that the oligarch's have done little to establish Serbian export projects as a way to promote further industrial development the struggling post-communist Balkan nation.

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