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Serbia's food export to Russia grows by 69%

Multinationals' interest in Serbian food production also grows

06 May, 19:41

(ANSA) - BELGRADE - The export of Serbian alimentary products to the Russian market grew significantly in the first quarter of 2014, Tanjug news agency reported citing the Serbian Chamber of Commerce as source. Compared to the same period last year, the export to Russia grew by 69%, amounting to 55,5 million dollars (39.8 million euros). The export concerns primarily fresh and treated fruit and vegetables, juices, meat and its derivatives, cheese, wine, icecream, sunflower seeds, corn. The overall Serbian food export to the Russian market is expected to amount to 300 million dollars (215 million euros) by the end of the year. During 2013 the complexive value of food exports to Russia amounted to 184,6 million dollars (13% increase compared to 2012). Due to fast-growing exports, the number of multinationals interested in investing in Serbian food production is also rising, Tanjug reported. The international investors are aiming at organizing the production while using the preferential product positioning in Russia, Belarus, and Kazakhstan - countries with which Serbia has signed agreements for free trade and tax-free export.(ANSA).

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