Serbia is located in the heart of the Balkan Peninsula in Eastern Europe. The United Nations Development Programme measures a country’s overall development through the Human Development Index, which considers all aspects of a nation on its way to development. The Human Development Index ranks Serbia as the 66th most developed country in the world, a ranking which is certainly nothing to scoff at. However, there is still much to be done before Serbia can be considered a fully developed nation. Here are five active development projects in Serbia which are bringing the country closer to becoming fully developed.
- Floods Emergency Recovery Project
The aim of this project is to make the nation less vulnerable to damaging floods, and to improve the response strategies of people living in areas which are at a high risk of flooding. This project will aid farmers in taking precautionary measures in case of a flood so that such an event would not cause a devastating effect on the food supply and economy.
- Corridor X Highway Project
Corridor X refers to the road network which leads from Austria to Greece, connecting the nations of the Balkan Peninsula. This is a critical route for trade, commerce and travel, and there has been a great deal of construction on the highway to try and connect the road networks leading through Serbia. Development projects in Serbia like this one will move the nation closer to becoming fully developed, and will bring increased economic prosperity.
- Enhancing Infrastructure Efficiency and Sustainability Project
This project has a similar goal to the Corridor X Highway Project in that it aims to bring increased connectivity between the different regions of Serbia. By improving infrastructure like roads, water systems and hospitals, this project will help to grow Serbia’s economy and increase ease of travel for Serbian citizens.
- Real Estate Management Project
The Real Estate Management Project addresses an issue which is currently holding Serbia back on the path to development. This project will essentially make the real estate system in Serbia more reliable, accountable and transparent. It will create a dependable system of determining property value, thus ensuring that people pay the right amount of tax on their property. Serbia is adopting an internationally accepted standard of property valuation to achieve this goal.
- Deposit Insurance Strengthening Project
The Deposit Insurance Agency is essentially Russia and Eastern Europe’s version of the American Federal Deposit Insurance Corporation (FDIC), and will serve as a financial safety net or backbone behind the banking industry in Serbia. Strengthening the Deposit Insurance Agency will make banking in Serbia more reliable, and will spark economic growth in the nation.
These projects only begin to scratch the surface of all the work that has been done, and has yet to be done, in bringing Serbia into the developed world. While there is an immense list of things that need to be addressed and improved before Serbia can be considered fully developed, development projects in Serbia such as these are leading the way into the future.
– Tyler Troped