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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...

Bora Babić, Director And Editor-in-Chief Of Publishing House Akademska knjiga [Academic Book]

Between Courage And Fear

A good book always enlightens, and we might be wise to read them more often, even as a self-imposed assignment. It is only by reading the best literature that we can understand the world in which we live, and change it – even if that chance is measured in micrometres.

Book fairs are cautiously returning. Almost all major fairs have again reduced their total exhibition space this year compared to 2019, with significantly reduced numbers of participants – exhibitors, but the number of visitors has also decreased comparably. In the countries of Western Europe, ministries of culture are attempting to preserve book fairs by subsidising part of the costs of leasing space for exhibitors. For example, thanks to the support of German Commissioner for Culture and Media Claudia Roth, lease prices at this year’s Frankfurt Book Fair will be reduced by 30% for all exhibitors, according to the size of their stand. This difference in price will be reimbursed from Germany’s Neustart Kultur programme, which was established in 2020 to strengthen the industry of books and publishing, and to support book fairs during the pandemic.

The International Belgrade Book Fair wasn’t held during the previous two years, while this year publishers bravely registered for participation, though the majority of them fear that they won’t make back the money they’ve invested. Online sales, internet marketing and major discounts from publishers throughout the year, but also the continuation of the pandemic, will impact on reducing the number of visitors, and thus reduced book sales are expected. Renowned world fairs conduct research almost every year and provide exhibitors with timely information on projected visitor numbers and their educational and age structure, forming space leasing and ticket prices on the basis of the results of that research. These data are invaluable to participants, as they form the basis for them to be able to plan their earnings, or determine how much the investment pays off. Unfortunately, the Belgrade Fair doesn’t invest in this kind of research.

In this third decade of the 21st century, digitalisation and the internet are reducing the interest of publishers in investing in branded world fairs, as there is a much faster and cheaper way for information about books to reach readers or foreign publishers, if we are talking about copyright

Only when the Fair ends and publishers “count their takings” will it become clear what will have to change in the concept of the event itself. The Book Fair will probably have a festival character in the future; it will be obliged to offer a programme with significantly higher quality content in order to attract the highest possible numbers of attendees from our country and the region. My prediction is that publishers will be unable to finance such an event on their own in the future, but rather the state, together with the Belgrade Fair (or some other organiser), will have to find new financing models.

Throughout the history of the Book Fair, the biggest stands in Hall 1 have always belonged to publishers that are so-called market leaders, who have published the most titles during the year, and that remains so today. Fortunately, significantly smaller publishing houses also have their stands in the same hall, thanks to the quality of their publishing programme, and that is primarily a good thing because of the structure of visitors, because we mustn’t forget that the Book Fair must also be profitable for participants. If it gains a festival character, which is my prediction, Hall 1 certainly won’t just be a ‘megastore, but will receive other mise-en-scènes.

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...

Modine Expands Serbian Operations with New Facility

Modine, a global leader in thermal management technology, has inaugurated a new 18,000-square-metre production plant in Sremska Mitrovica, Serbia,...

Novak Djokovic Wins Laureus Award for World’s Best Sportsman for Record Fifth Time

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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...

Galenika Strengthens Market Position with New Strategic Partnerships

Galenika has significantly expanded its presence in the pharmaceutical sector by securing an exclusive distribution agreement with Cantabria Labs,...

HDZ Claims Victory in Croatian Elections but Lacks Majority

The Croatian Democratic Union (HDZ), the country's ruling party, emerged as the winner in Wednesday's parliamentary elections. Despite their...

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

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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...

Strategic Energy Partnership Established Between Serbia and France

The Serbian Government adopted a Memorandum of Understanding between the Government of Serbia and French Electric Power Company (EDF),...

Serbia-France Innovation Forum Begins: Innovate for the Planet! Play Green!

At the Serbia-France Innovation Forum titled 'Innovate for the Planet, Play Green', which commenced at the Palace Serbia, French...

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...

Strategic Energy Partnership Established Between Serbia and France

The Serbian Government adopted a Memorandum of Understanding between the Government of Serbia and French Electric Power Company (EDF),...

Serbia-France Innovation Forum Begins: Innovate for the Planet! Play Green!

At the Serbia-France Innovation Forum titled 'Innovate for the Planet, Play Green', which commenced at the Palace Serbia, French...
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