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The Republic of Serbia, is a country located in both Central and Southeastern Europe. Its territory covers southern part of the Pannonian Plain and central part of the Balkans. Serbia is bordered by Hungary to the north; Romania and Bulgaria to the east; FYROM and Albania to the south; and Croatia, Bosnia and Herzegovina and Montenegro to the west. The country's capital, Belgrade, was titled "City of the Future of South Europe" in 2006. Although landlocked, Serbia has 2,000 km of navigable waterways on the Danube, Sava, Tisza and their respective canals, through which it forms part of a European canal network, connecting the North Sea with the Black Sea.

With a GDP for 2008 estimated at $80.717 billion ($10,985 per capita PPP), the Republic of Serbia is considered an upper-middle income economy by the World Bank. FDI (Foreign Direct Investment) in 2006 was $5.85 billion or €4.5 billion. FDI for 2007 reached $4.2 Billion while real GDP per capita figures are estimated to have reached $7,100 (October 2008).The GDP growth rate showed increase by 6.3% (2005), 5.8% (2006), reaching 7.5% in 2007 and 8.7% in 2008 as the fastest growing economy in the region.