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 Roman Emperor Theodosius I gave Serbia to the Byzantines,  together with the fact that Sts Cyril and Methodius converted Serbia to the orthodox religion, resulted in the country being locked into Eastern Europe.

The Serbians were crushed in 1371 by the Ottoman Turks who eventually took Kosovo and Smederevo, which effectively ended Serbia´s independence. Belgrade was captured in 1521.

During the following centuries, many rebellions took place against the Turks. Thanks to Russia, the First National Uprising of 1804 was successful but the Russians made peace with the Turks, and the Serbian rebellion failed once again. The second National Uprising of 1815, in which the Turks allowed Serbia some autonomy, was the path to Serbia´s independence. Serbia became a kingdom in 1882.

The assassination of Archduke Franz Ferdinand in 1914 by a Bosnian Serb was used as a reason to invade Serbia, which triggered WWI.

In 1918, the Kingdom of Slovenes, Croats, and Serbs was formed, which included Serbia, Montenegro and Dalmatia, Croatia-Slavonia, Slovenia, Bosnia and Herzegovina, and the Vojvodina, which were South Slav territories.

In 1929, King Alexander I declared the new state a dictatorship which was renamed Yugoslavia. From the start, there were tensions between Croats and Serbs, and in 1934 King Alexander was assassinated.

Yugoslavia joined the fascist Tripartite Alliance. This was a short-lived pact, triggering a military coup and a sudden withdrawal from the alliance. The Germans bombed Belgrade and invaded Yugoslavia in 1941. Belgrade was liberated by the Communist guerrilla led by Josip Broz Tito, together with the Russians, and a Communist regime was introduced. After Tito’s breaking with Stalin, Yugoslavia became independent. With the death of Tito in 1980, the system began to crumble, and Yugoslavia finally broke up in 1991-92.

Serbian nationalists defended a Greater Serbia encompassing Serbs in the other republics. The Communist Party leader in Serbia, Slobodan Milošević who became president of Yugoslavia in 1997, adopted this doctrine and violence followed between the Albanians of Kosovo and Serbs. The demands of the U.S., Great Britain, Russia, Italy, Germany and France to cease fire and to withdrawal, Serbian forces from Kosovo were not met by Milošević. NATO began a bombing campaign which expanded to Belgrade and lasted 11 weeks. In the presidential elections of 2000, Vojislav Koštunica declared victory and restored ties with Europe. 

Serbia became a stand-alone sovereign republic in 2006 after Montenegro voted in a referendum for independence from the Union of Serbia and Montenegro. This marked the historical end of the separation of the six republics of the Socialist Republic of Yugoslavia which comprised Serbia, Montenegro, Slovenia, Croatia, Bosnia-Herzegovina, and Macedonia. From the start, Serbia suffered the recession of 2009, but today the economy is growing. The 1st Intergovernmental Conference with Serbia in January 2014 indicates the beginning of Serbia’s negotiations to become part of the EU.

Geography: The sovereign republic of Serbia is at the crossroads of Southeast and Central Europe. It has borders with Bulgaria, Croatia, Bosnia-Herzegovina, the Republic of Macedonia, Hungary, Bulgaria, Romania, Montenegro, and Albania through Kosovo.

It has access to the Adriatic Sea through Montenegro, and shipping access to inland Europe as well as the Black Sea is possible through the Danube River.

Serbia’s terrain is extremely varied with rich and fertile plains to the North, limestone basins and ranges to the East and ancient hills and mountains to the Southeast. The Northeast is rich, and fertile thanks to the Danubian Plain drained by the Danube, Morava, Sava, and Tisa river systems, all of which, together with the Drina River, conform Serbia’s main rivers.

Four mountain systems converge in Serbia: the Carpathian Mountains, the Balkan Mountains, the Dinaric Alps, and the ancient mountains of the Rilo Rhodope mountain system. The Balkan Mountains create the natural border with Romania and Bulgaria, the valleys and hills of the Dinaric Alps cut through Serbia west of the Morava River.

Climate: Serbia has a predominantly continental climate; cold winters and warm summers. The north of Serbia typically has a continental climate, while the South and South-West have a climate of Mediterranean influence.

Language:  The official language is Serbian. Despite being spoken throughout the country, there are some exceptions; in southern Serbia, it’s the Torlakian dialect which is spoken by most Serbians. Other minority languages like Bosnian, Croatian, Slovak, Rusyn, Bulgarian, Hungarian, Albanian, and Romanian are officially recognized in Serbia.

Demographics: The total population in Serbia is 7.1 million (this does not include the population of Kosovo). Serbians are the largest majority when it comes to ethnic groups, while Hungarians are the largest minority followed by Roma people and Bosniaks. Croats, Slovaks, Albanians, Montenegrins, Romanians, Macedonians, and Bulgarians are other minority groups.

Natural Resources: Serbia has considerable natural resources but is lacking in mineral fuel, making the country dependent on Russia for crude petroleum and natural gas necessary to meet its domestic demand. It has one of Europe’s most abundant copper resources, located mostly in the Timoc District in northeastern Serbia. As well as copper, the industry produces iron and steel with significant production of gold, lead, coal, salt, and selenium. Lead and zinc production comes from Kopaonik, Raška. The southwestern regions of Serbia have timber and hydroelectric potential.

Politics: The framework under which Serbia functions is within a parliamentary democracy. The country is a parliamentary republic where the head of government is the prime minister, and the head of state is the president.

There are three branches of government in this parliamentary republic: judiciary, executive, and legislature. Serbia’s political system is based on the principle of separation of authority between these three.

The executive authority is held by the Government of the Republic of Serbia consisting of a prime minister, two vice presidents and 18 ministries.

As of 2017, Aleksandar Vučić is the President of Serbia and Ana Brnabić is the Prime Minister. Aleksandar Vučić became prime minister after a large victory in the parliamentary elections of 2014. He pledged an overhaul of Serbia’s economy and accelerated drive towards EU accession. Also to combat endemic corruption.

His reforms included diminishing the public sector, reforming the budget, privatizing state-owned enterprises and supporting the private sector. He won his candidacy for the presidency with a comfortable victory in 2017.

The prime minister leads a cabinet and exercises executive power. The president names the designate after deliberation with parliamentary leaders, and the National Assembly is in charge of choosing the prime minister. The prime minister nominates the cabinet ministers while the National Assembly confirms them. The president is elected by popular vote. It’s a five-year term, and it can be extended by-elections for two more terms at most.

The National Assembly wields legislative power and constitutional authority. It’s formed by 250 deputies who are elected by secret ballot.

Serbia has a system of civil law; the courts are not bound by precedent, but they solely interpret legislation. The Supreme Court of Cassation is the head of the judicial system. Other established courts are the Appellate, High, and Basic Courts.

The multi-party system in Serbia allows for many political parties, but because of the improbability for one party gaining power alone, there is a cooperation of multiple political parties forming coalition governments, helping to reduce the dominance of any one party. Elections are held every four years at three levels: local, provincial, and parliamentary. Presidential elections are held every five years.

Religion: The Constitution of Serbia protects the freedom of religion. Having the Serbian Orthodox Church at the head of the country’s religion, Christianity is the main religion with an 85% of the population adhering to the Orthodox faith. The Catholic Church is the second biggest religion. Islam is also present, mostly in Novi Pazar and southwest regions.

Cuisine: Serbian cuisine has been influenced by the rich mix of cultures passing through or living in the region. It is very diverse and can be described as a mixture of Greek, Bulgarian, Turkish and Hungarian cuisine. A centuries-old tradition is drinking coffee, and the national fruit is the plum, from which rakia is brewed.


More Articles

  • Interview: Lars Van Der Haegen, CEO, Belimo

    Interview: Lars Van Der Haegen, CEO, Belimo

    Belimo is the leading global manufacturer of innovative actuators, valves and sensor solutions to control heating, ventilation and air conditioning systems. How do you assess Switzerland’s business ecosystem? Switzerland is an effective business location from an administration point of view. The business-friendly environment facilitates global networking and offers excellent access to the European market. An…

  • The Evolving Swiss Financial Services Sector

    The Evolving Swiss Financial Services Sector

    A new wave of financial institutions are transforming the field Previously notorious for offshore bank accounts, secret holdings and masked account holders, the Swiss financial services and banking sector has completely evolved, with transparency at the forefront. Switzerland now adheres to strict regulations, requiring institutions to disclose all assets held by American account holders. In…

  • IMD: leading the way in executive education

    IMD: leading the way in executive education

    A conversation with Professor Jean-François Manzoni, President of IMD and Nestlé Chaired Professor January 23, 2020 Switzerland is a small but unique country that punches above its weight in many categories including business, education and innovation.  One Swiss institution at the intersection of all three is the International Institute for Management Development (IMD), the partner…

  • Leading in Fundamental Scientific Research

    Leading in Fundamental Scientific Research

    Interview: Prof. Dr. Christian Leumann, Rector, University of Bern How do you assess Swiss education? Switzerland is known for its quality, and academia is no exception. Most Swiss universities are ranked within the top 1% globally. Switzerland’s education system has several advantages, including the dual education system, which allows the population to pursue different successful…

  • Strengthening Swiss-American Relations

    Strengthening Swiss-American Relations

    January 23, 2020 With informal conversations surrounding a free trade agreement, the bilateral relationship has much to gain What are the Swiss economy’s strengths? Switzerland has proven itself very resilient in the face of multiple global economic downturns. Our federal government has been working with a budget surplus for the past 12 years, before COVID-19,…

  • A Digital Backbone

    A Digital Backbone

    January 23, 2020 Switzerland as a nation is known as a trailblazer, having accomplished many firsts across a variety of sectors, including telecommunications. Switzerland is the world’s largest investor in telecommunications infrastructure per capita, thanks to the nation’s leading telecommunications provider, Swisscom.   Within the competitive telecommunications market, Swisscom has managed to retain its market…

  • Engineering Innovative Technologies

    Engineering Innovative Technologies

    Interview: Roland Fischer, CEO, Oerlikon Oerlikon creates new innovative solutions to tackle some of the world’s greatest challenges. With their engineering technology, they can give products improved and more desirable functions. These applications are specially designed for growth sectors, and utilized across various industries, including automotive, aerospace, energy, tooling and additive manufacturing.  Is global digitization…

  • Interview: Martin Sauter, CEO, Sauter Bachmann

    Interview: Martin Sauter, CEO, Sauter Bachmann

    Based in the Canton of Glarus lies Sauter Bachman, an indigenous family owned success story with nearly 100 years of history. The Swiss precision manufacturing company produces multifaceted high-quality gears, gearboxes and complex systems for customers in industry and aerospace. GE Aviation, Pratt Whitney and other USA clients rely on Sauter Bachman as a crucial…

  • Discover the Canton of Glarus

    Discover the Canton of Glarus

    A hidden gem in Switzerland, Glarus offers Swiss benefits at a cost advantage One hour outside Zurich lies the Canton of Glarus, a picturesque, business friendly industrial region within the Greater Zurich Area. It is home to award winning tourism destinations and wonders such as the geologic UNESCO world heritage site of the Tectonic Arena…

  • Interview: Gilbert Ghostine, CEO of Firmenich

    Interview: Gilbert Ghostine, CEO of Firmenich

    January 23, 2020 Founded in Geneva in 1895, Firmenich is the world’s largest privately-owned company in the perfume and taste business. It has designed many of the world’s best-known perfumes and tastes. The ingredients created by Firmenich are utilized by four billion consumers daily around the world. Firmenich invests 10% of its USD 3.7 billion…

  • The Future of Work

    The Future of Work

    January 23, 2020 A conversation with CEO of The Adecco Group, Alain Dehaze, who promises to continue to make the future work for everyone.  Switzerland is home to a unique labor market that has gained a world renowned reputation for excellence, innovation, and continues to surprise with its qualified youth. How has Switzerland fostered such…

  • Closing the innovation gap

    Closing the innovation gap

    Viewpoint: Marco Huwiler, Country Managing Director, Accenture Switzerland When the world economy catches a cold, Switzerland sneezes. Following weak global growth, Switzerland is feeling the sniffles, with stagnant GDP and a collapse in profitability in recent years. But there is wisdom in the old saying “starve a fever, feed a cold”. Companies with the courage…

  • Dublin’s Silicon Docks

    Dublin’s Silicon Docks

    The nickname alludes to Silicon Valley, and was embraced to illustrate the concentration of European headquarters of high-tech companies Dublin’s docklands were historically a symbol of industrial decline, but today is home to many multinationals including: Google, Accenture, Microsoft, PayPal, eBay, Facebook, Intel, Huawei, Etsy, Twitter, and LinkedIn. Ireland’s tech sector consists of nine of the top ten US technology companies, eight of…

  • Irish Produce Conquers Global Markets

    Irish Produce Conquers Global Markets

    The Irish agri-food sector is diversifying its markets and pioneered the approach to sustainable food production Agri-food is Ireland’s largest indigenous industry, employing over 8.4% of the working population, and when employment in marketing, processing and inputs are included, the agri-food sector accounts for nearly 10% of total employment. The sector largely contributes to the…

  • An Inside Look at Ireland’s Economic Growth

    An Inside Look at Ireland’s Economic Growth

    Ireland’s polished business ecosystem caters to foreign direct investment and nurtures innovation. The global footprint of Irish companies has never been greater Walking through the cobblestone streets of Dublin, the juxtaposition of modern buildings wedged between historic Georgian brick offices represents the tidal wave of change foreign direct investment has implemented across the nation. Growth…

  • The Midlands: Ireland’s Hidden Heartland

    The Midlands: Ireland’s Hidden Heartland

    Ireland’s Hidden Heartlands is the newest Irish tourism brand, exposing the magic of the midlands region. For over a century, Ireland has been on the top of Americans’ travel destinations, but only recently has the midlands been given the recognition it deserves. Often, investment will follow tourism, and Paddy Mahon, Chief Executive of Longford County…

  • Discover Meath: The Birthplace  of Ireland’s Ancient East

    Discover Meath: The Birthplace of Ireland’s Ancient East

    Meath County has a colorful history, stemming as the seat of the High King of Ireland, and as such has been colloquially dubbed “The Royal County.” It is home to the UNESCO designated World Heritage Site: Newgrange, an ancient burial site older than the Great Pyramids of Giza and Stonehenge. The County’s significance is also…

  • Cork: Ireland’s Second Largest Economic Driver

    Cork: Ireland’s Second Largest Economic Driver

    On track to be the fastest growing county over the next two decades Overlooking the colorful city with a winding river and emerald rolling hills surrounding the parameter, Chief Executive of Cork County Council, Tim Lucey, was proud to showcase his county. Cork is the largest county in Ireland, and home to the second most…

  • Manufacturing: Ireland’s Second Largest Employer

    Manufacturing: Ireland’s Second Largest Employer

    With the arrival of the Fourth Industrial Revolution, smart factories and innovative supply chain integration is transforming the manufacturing sector Manufacturing accounts for over 30% of GDP, 122 billion euro in exports, and employs 250,000 people across 4,000 businesses in Ireland.  “Manufacturing is not the first thing that comes to people’s minds when they think…

  • Project Ireland 2040

    Project Ireland 2040

    The Government’s National Planning Framework and National Development Plan Project Ireland 2040 entails a diverse range of investments being made by the State. This governmental 116 billion euro long-term overarching infrastructure strategy aims to counterbalance the continued growth of Dublin with that of other regions. It seeks to develop cities and regional towns as alternatives…

  • Solving Ireland’s Mobility Challenges

    Solving Ireland’s Mobility Challenges

    Anyone visiting Ireland will notice a deficit in transport infrastructure services, impacting mobility for residents and tourists. Dublin remains one of the last major European capitals lacking a rail connection between downtown and the main international airport. Also, the interconnectivity and reliability of city trains, trams, and bus networks are lagging. However, there is a…

  • An Irish Adventure Awaits

    An Irish Adventure Awaits

    Low hangingclouds sweep across a completely still lake. The water reflects a colorful mountain range. With only the sound of a tussle of leaves blowing in the wind, and a breath of fresh country air, you know – this is Ireland. From the warm welcome on arrival, Irish taxi drivers are well-known for being excellent…

  • Dublin: A Melting Pot

    Dublin: A Melting Pot

    Ireland’s first Japanese restaurant celebrates Dublin’s vibrant demographics Derek and Graham Ryan, Group Founder and Director of award-winning, Yamamori Group restaurants and bars, have firsthand witnessed the evolution of Dublin becoming a global melting pot. With nearly 25 years since the original restaurant’s opening, the Group now delivers unique culinary adventures across three thriving restaurants…

  • Interview: Ciarán Hayes, Chief Executive, Sligo County Council

    Interview: Ciarán Hayes, Chief Executive, Sligo County Council

    Sligo Witnessing Unprecedented Investment Ireland’s new hub for innovation? Sligo is not only a stunning location for tourism, but also a highly practical destination for business, with attractive incentives, high levels of infrastructure, and the ambition to become a ‘smart city.’  What is Sligo’s track record for attracting multinationals?  Sligo has an established track record of…