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Nicolas Marquier, Regional Manager for the Western Balkans at the International Finance Corporation (IFC)

Financing the Future

IFC, the largest global development institution, has provided almost $1 billion in financing to Serbia’s private sector over the past six years IFC, as a...

Dr Ivan Todorović, Todorović Law Firm

Dedicated Advisors and Tenacious Litigators

The Todorović Law Firm has existed for more than 30 years and throughout that time has demonstrated its unwavering dedication to continuously advancing at...

Marija Stojiljković, Founder, Royal Nanny

Children Deserve the Best Nannies

Royal Nanny offers a wide range of childcare services, primarily through mediating between professional nannies and families, providing responsible, meticulous, trained and caring individuals Starting...

Petar Miljković, CEO, 14. Oktobar d.o.o.

Employees are the Company’s Real Strength

This former Kruševac giant, which has come a long way over the course of 100 years of operations, developing from a construction machinery factory...

Ivana Bogdanović, Director of Marketing and Corporate Communications at Addiko Bank

CSR as a Longstanding Priority

In today’s world, where gaining the trust of clients is the most important aspect of a company’s business, CSR, or socially responsible operations, represents...

Nenad Paunović, Director Of The Delivery Unit - Team For It And Entrepreneurship, Office Of The Prime Minister, Government Of The Republic Of Serbia

We Create Globally Relevant Solutions

During the pandemic, Serbia demonstrated its potential not only to successfully monitor innovations coming from more developed countries, but also to create solutions on its own that can be among the best (and why not say ‘the best’) in the world.

The COVID-19 pandemic revealed the potential for global scientific cooperation at a level never before seen – the joint struggle for the health of humankind included doctors, pharmacists, biologists, geneticists, but also experts in the field of artificial intelligence and other ICT fields, as well as public services around the world that were extremely quick to adapt their regulatory environment to the emerging situation. This has resulted in the development of drugs accelerating significantly, also including new techniques for the development of biological treatments that have, and will have, applications in the treatment of some of the most serious diseases that have tormented us for decades and even hundreds of years. All of these activities are also accompanied by unprecedented levels of investment in healthcare, as well as in the fields of biomedicine and biotechnology.

In such a global situation, it is becoming clear that the closer associating of biological and computer sciences will lead to great changes in the field of medicine, but also in the fields of agriculture, food, energy, the green economy and – as the new virus has shown us – in the field of national security.

The state has clearly recognised the importance of this biotech – or perhaps more properly bioeconomic – revolution over the years and decades to come and initiated major investments in this area

During the pandemic, Serbia demonstrated its potential not only to successfully monitor innovations coming from more developed countries, but also to create solutions on its own that can be among the best (and why not say ‘the best’) in the world. These include, for example, systems that have enabled exceptionally fast and impeccably organised vaccination and testing processes for COVID-19, which have been recognised worldwide and had a significant impact on improving the country’s international repute. In parallel with this, but less publicly, local scientists are participating in international working groups to combat this disease, and our healthcare system has the latest drugs to emerge at its disposal (and is among the first in the world). The Sputnik V vaccine is already being produced in Serbia, while preparations are also underway to produce the Sinofarm vaccine, which only a small number of countries around the world can be boast of achieving.

The state has clearly recognised the importance of this biotech – or perhaps more properly bioeconomic – revolution over the years and decades to come and has, accordingly, initiated major investments in this area. The focal point of Serbia’s bioeconomy will be represented by the BIO4 Campus, construction of which will soon begin in Belgrade, with the aim of developing the fields of biomedicine, biotechnology, bioinformatics and biodiversity, and becoming one of the motors of the future economic development of Serbia, with its multidisciplinary orientation towards innovation. This and other examples of investments in this area show that Serbia has this time achieved timely recognition and is utilising new trends and global opportunities that are opening up to us. Just as we have utilised, and continue to utilise, digitalisation in the best possible way by developing our e-government, infrastructure, education and business environment for the knowledge economy, so we are now continuing with the ambition to compete with the best and develop innovations in Serbia that will be used worldwide. And these activities will provide enormous health and economic wellbeing gains for the citizens of Serbia.

Comment by Zoran Panović

Diplomatic Twine

German politician Markus Söder promised to support Serbia on its EU journey. According to the German media, Söder is making “diplomatic twine” in his...

Branka Anđelković, Co-founder and Programme Director of the Public Policy Research Centre

An Even Bigger Grey Market?

In the case of workers of the platform employed in food production and passenger transport, the Open Balkan initiative might not contribute to the...

Čedanka Andrić, President of Trade Union Confederation NEZAVISNOST

Increased Competition Between Low-Paid Workers

Considering educational qualification and unemployment structures in Serbia, my opinion is that this measure could only increase the pressure on workers in Serbia to...

Jelena Jevtović, Serbian Association of Employers

Employers Will More Quickly Find Workers

The employing of citizens of these two countries in Serbia could ease the labour shortage problem, but fundamentally resolving it requires education system reform It...

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next...

Chinese President Xi Jinping to Embark on Official Visit to Serbia

The press office of Serbian President Aleksandar Vucic announced that Chinese President Xi Jinping will be visiting Serbia on...

High-Speed Rail Link Between Novi Sad and Budapest Set to Start in Decembar 

The main track on the high-speed rail section from Novi Sad to Budapest has been successfully connected at the...

Mattoni 1873 Completes Acquisition of Knjaz Miloš for €90 Million

Mattoni 1873, the titan of mineral water and non-alcoholic beverages in Central Europe, has just elevated its portfolio by...

EU Parliament Passes Stringent Packaging Laws

In a decisive move, the European Parliament has passed new regulations aimed at significantly reducing packaging waste, setting ambitious...

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next...

EU Parliament Passes Stringent Packaging Laws

In a decisive move, the European Parliament has passed new regulations aimed at significantly reducing packaging waste, setting ambitious...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Maserati’s Balkan Expansion: New Showroom Opens in Belgrade

Delta Auto Group has unveiled an exclusive Maserati showroom in Belgrade, setting new luxury benchmarks in line with the...

Peter Pellegrini Wins Slovak Presidential Election

Peter Pellegrini, the candidate from the ruling coalition, won the second round of the presidential elections in Slovakia, securing...

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next...

EU Parliament Passes Stringent Packaging Laws

In a decisive move, the European Parliament has passed new regulations aimed at significantly reducing packaging waste, setting ambitious...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Maserati’s Balkan Expansion: New Showroom Opens in Belgrade

Delta Auto Group has unveiled an exclusive Maserati showroom in Belgrade, setting new luxury benchmarks in line with the...

Peter Pellegrini Wins Slovak Presidential Election

Peter Pellegrini, the candidate from the ruling coalition, won the second round of the presidential elections in Slovakia, securing...
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