INDUSTRIAL POLICY OF SERBIA 2011-2020

INDUSTRIAL POLICY-Survey research into competitiveness of Serbian industry (2)Main findings: Environment (48%) and the infrastructure in place (39%) are largely unfavourablefor R&D and innovation activities - 81% of companies believe the state does notencourage investment in R&D through its measures 70% of industrial products is launched on the domestic market;75% of needs ofindustrial enterprises is satisfied by suppliers from Serbia Most significant factors of business competitiveness: product quality (97%),established reputation (95%) and a specialized product (91%). Least citedcompetitiveness factors are marketing skills (69%) and product promotion anddesign (74%) The quality of expert staff (62%) is at a much higher level than the management ofhuman potential (46%); only 11% of companies provide scholarships for deficit skills Cooperation with companies from the EU has not increased considerably (39%) – anabove average assessment on the improvement of international competitiveness wasmade by the majority foreign companies (66%), export-oriented companies (76%)and medium-sized enterprises (60%) Businessmen (84%) are aware that FDI is an important source of the country’stechnological progress and an overall competitive position of the country* Figures in brackets denote % of positive answers15