Belgrade Reviews

Belgrade has “Europe’s best nightlife.”

“#1 of the World’s Top Ten Party Towns.”

“Belgrade really rocks.”

With an exuberant population and its legacy as an intellectual hangout,

Belgrade offers varied nightlife, ranging from eclectic watering holes for

those in the know, to the busy restaurants and bars of the Skadarlija

district and the summer clubs in barges on the Sava and Danube Rivers

Belgrade Reviews

Among the 1,000 Ultimate Experiences Guide

On the Verge: "Belgrade, Europe’s Latest Urban Success Story”

“Belgrade rocks!”

Fiscal Consolidation and

Stabilization Achieved in 2014

• Made drastic cuts in government spending by slashing public

company administrative and miscellaneous costs.

• Balanced and passed the first realistic budget in years, and

implemented modern, budgetary planning procedures, on a

consolidated basis of all city-owned entities.

• Achieved financial consolidation and stabilization in this fiscal

year. First half of the year is on plan.

• 2015 will be dedicated to investment projects and development.

Belgrade Waterfront

• Project was presented at MIPIM Cannes

• Preparation of all planning and zoning documentation is underway

• Construction set to begin in 2015

• Phase I – involves construction of the highest tower on the Sava River - a

luxury hotel and residential and commercial suites (180 meters tall).

Completion within 3.5 years

• Entire development to be completed within ~10 years

• Tower co-financed and constructed by Eagle Hills Group, Abu Dhabi.

• Total investment planned: €4B

• Total area of Belgrade Waterfront gross construction area: 1.8M sq. meters

50,000 construction workers to be employed

45,000 new jobs created following completion of construction

This accounts for a planned increase in the City’s GDP of 5%

Value of this project is ~€200M – €250M. CoB will structure a PPP deal, and is preparing the necessary legal filings and urban planning documents, as well as the preparation of studies and materials to be used in the tendering process with the EBRD. Tender process will be fully transparent and accessible for all major companies, beginning in the spring of 2015.

Planned Investments

Vinča Solid Waste Plan and WTE Plant

CoB has adopted a Waste Mgt. Plan by which it will build a zero waste concept in Belgrade. The Plan defines a system involving the separate collection of waste, recycling of all recyclables, processing via mechanical-biological treatment of organic waste, production of RDF and its use in production of combined heat and power, as well as recycling of demolition and construction waste, and the composting of green waste.

Planned Investments

Underground Parking Garages Sixteen garages to be built over a 4-year period (280+ spaces) Invite private partners to participate in the new construction of first four underground parking garages. PPP structures are being considered. These first garages to be constructed on four municipally-owned sites:

Djeram Pijaca (Green Market)

Kosovska Street (National Assembly)

Skerlićeva (National Library)

Studentski Trg (near Universities)

Planned Investments

BG Voz Suburban-Urban Rail

Expansion of existing Suburban-Urban rail is

planned in III phases.

Seeking funding from investors (and IFIs) to expand

the entire commuter rail network (new stations,

parking lots, etc).

Phase I: ~€13M

Phase II: €12M-€14M (mid-2015) 15 km

Phase III: 45 km – connecting south suburbs

The existing commuter line spans ~25km from the

City Center (Pančevo Bridge) to Batajnica, a suburb

in which there are several large international

companies, with a rapidly growing population.

Current ridership: 34,000 passengers daily

Planned Investments

New Central Bus Station on

Novi Beograd

Main Station to be displaced from City

center to spacious, New Belgrade,

near suburban-urban rail.

Alleviates heavy traffic congestion.

Architectural plans are being prepared.

Construction deadline: 2017

Planned Investments

New “Beograd Centar”

Main Train Station

Existing central train station to be

moved to the “Beograd Centar”

(Prokop) area,

per requirements of Belgrade

Waterfront Development.

Prokop is located at the entrance to

City Center, between

Senjak and the E-75 Hwy.

Total investment: ~ €70M To be completed: 2016

Planned Investments

Vodovod i Kanalizacija

(Water and Sewerage Company)

Presently securing funding from EBRD,

for the completion of the Makiš II Water

pipeline expansion to increase water

supply in the capital city.

New pipeline length is 4.5 km.

Municipal water supply and sewage

network will be a strategic investment for

many years to come. The EBRD is a

major investor in this area in the region.

Introductory discussions with Veolia

headquartered in Prague.

Planned Investments

Belgrade “Nikola Tesla” Airport (Passenger and/or Cargo Terminals)

Presently reviewing various PPPs and investments that have been made in the airport services sector in the region (e.g. Aéroports de Paris and Bouygues Construction in Zagreb)

National Air Carrier: Recent sale of JAT minority stake to Etihad who has added new routes and a new fleet.

JAT was successfully re-branded to Air Serbia.

Direct transoceanic flights to the USA will resume by 2015/2016.

Priority Infrastructure

Projects

• Completion of the “ring road highway” around the city center, aimed at alleviating

substantial city traffic congestion

• Dislocation of heavy vehicle (freight) traffic through the city center

To be achieved following the completion of the Outer Highway (SMT) with a

bridge spanning the Danube and the Inner Highway (UMT).

• Topčider Tunnel connecting the new Ada Bridge and a principal highway

• Displacement of the Main Train and Bus Stations from the City Center to Prokop

Station and New Belgrade sites.

• Construction of a new Main Bus Station, as well as Suburban-urban rail train

stations are planned on New Belgrade

• New railway capacities for freight transport in Makiš and in Zemun

• Reconstruction of Slavija Square, Bulevar Oslobodjenje and Vojvode Stepe

Streets

• However, the most significant construction project planned in the years ahead, is

the Belgrade Waterfront project

Planned Private

Investments

• IKEA construction (€50M – €60M)

• Hotel Yugoslavia (€220M)

All planning and zoning documents have been approved.

• Plaza Shopping Mall (€120M)

London-based architects at Chapman Taylor have prepared the architectural

drawings.

• Airport City, New Belgrade

Construction of one additional residential tower

• IKL

Residential construction permits have been issued

• BEKO

Zahe Hadid architects have prepared the drawings and phase 1 of construction is set

to begin soon (€120M)

FDI Investor Incentives

• Corporate income tax (CIT): 0% for

up to 10 years

• No double taxation in place with

more than 70 countries

• Free trade agreements: 0% custom

duties on imports and exports

• FTAs with a market of more than

one billion people (EU, EFTA,

Russia, Kazakhstan, CEFTA,

Turkey, Belorussia, USA- pref.

trade).

• National treatment of all companies

• Lowest price of utilities in Europe

• Among lowest operating costs in Europe,

per Eurostat

• Cash grants up to 99% for Labor

intensive projects

Cash grant up to 50% for Capital

intensive projects

• More than 100 industrial zones fully

equipped with utilities

• Land – free

Connection to Utilities – no cost

• Full support from local development

agencies and IFIs

• Cash grant payments are backed by bank

guarantee

• CIT: 15%

Compensation Tax rate: 10%

VAT: 20%

Recall Our Valiant Past

“Aimons la France comme elle nous a aimés.”

“Let us love France as she loved us.”

Meštrović statue on Kalemegdan Fortress conveying our gratitude to France after WWI

I invite you to visit Belgrade to rebuild our valiant history.