Serbia

Serbia: An impressive turnaround

Serbia aims to boost private sector-led growth through reforms. According to the estimates of the Statistical Office of the Republic of Serbia, the nations GDP in real terms increased by 1.9% in 2017. The International Monetary Fund estimates Serbia’s projected Real GDP growth for 2018 will reach 3.5%. Overview: Serbia has successfully stabilized its economic…
Serbia: Solid banks support growth

The sector is well-capitalized, liquid and harmonized with EU legislation Financial sector reforms have been pursued vigorously. Banks are on a sound footing and continue to support growth. The banking sector comprises over 90% of the total assets in the financial sector. Over the last several years significant restructuring has been undertaken to improve the…
Serbia: Tourism – Belgrade charm

Three million tourists visited Serbia in 2017 with MICE offering the largest opportunities. Lacking a coastal line, Serbia has focused its touristic sector in the development of spas and ski resorts. They have been neglected for the past years, but thanks to recent private sector investors keen on developing their potential the sector is…
Serbia: Transport – Interconnecting Southeast Europe

Mass investments aim to support and ease transit The sector is one of the fastest developing branches of the economy in Serbia. Value of ongoing projects in infrastructure is EUR 5 000 million. Needs for future transport plans is EUR 6 000 million. Serbia’s strategic location at the crossroads of European traffic Corridors offers great…
Country Profile: Serbia

Regional integration – Western Balkan neighbors are increasing collaborations History: Serbia was shaped as a nation by the numerous external invasions it suffered; starting in the 4th century BC with the Celts overthrowing the Illyrians, the arrival of the Romans and the Slavs in the sixth century AD. A crucial event in AD 395 was when…
Serbia: Digitization – The ICT sector is growing faster than any other industry

Serbia provides a cost-effective alternative to established markets for companies looking to outsource software engineering, offshore systems design and integration. Over 2 600 ICT companies operate in Serbia including a Microsoft development center. Serbs offer expertise, high-end IT development services and software development solutions in a highly completive global sector. Nearly 39 000 ICT professionals…
Serbia: The Balkan Industrial revolution

Serbia’s rich historical legacy lies in its strength as a regional manufacturing hub. This is furthermore supported by its extensive free trade agreements which allow duty-free exports to a market of more than 1 billion people. Some of these markets go much further than the European Union which is Serbia’s largest export market. Serbia has…
Serbia: EU accession accelerating

Serbia is one of the most advanced countries in the process. Serbia is a small and open economy in South Eastern Europe. The nation’s development is considerably below the European average, while by growth it is one of the fastest developing countries in Europe. Growth potential in Serbia is tremendous in every segment of the economy.…