Sitemap

Predrag Mihajlović, CEO of OTP Bank Serbia

OTP Group’s Record Results In Serbia

The integration of OTP banka Srbija and Vojvođanska banka, as a strategic move of the OTP Group, has the aim of forming a leading...

Bojana Kuzmanović, Sales & Marketing Director, Gorski Hotel & Spa

Mountain Gem

Hotel Gorski, located close to the ski slopes in the tourist centre of Kopaonik Mountain, sets new standards for mountain tourism. It has luxury...

Dejan Stojić, President of AMSS

Proud Of The First Century

AMSS is a national and independent association of citizens and drivers with more than 100,000 members and users of membership advantages, which has spent...

Dejan Aleksov, Director at BENU Pharmacies

We Know What You Need

BENU is part of German company Phoenix, which has in its composition more than 2,400 pharmacies in 14 European countries. BENU has managed to...

Vladimir Vasojević, Belchim Crop protection SRB

Food Quality & Safety Without Compromise

Belchim is a European company that has a knowledge base from the most agriculturally developed countries in Europe, such as Belgium, the Netherlands, France,...

Dr. Milan R. Kovačević, Regular Member of the Serbian Scientific Society of Economists

Increasing Competitiveness Remains Our Key Topic

The world will remain global, but also increasingly wary of all kinds of risks that can hamper cross-border flows. It has long been essential for Serbia to more quickly improve its competitiveness, in order to better evaluate all resources and link itself to those production and trade chains that are in its interest.

The pandemic is spreading and persisting. In some countries, its first wave is only nearing its end, but it continues to flood the entire planet by jumping to other countries. Reliable knowledge about Covid-19 is spreading too slowly and insufficiently, so there is an insufficient basis to see when and how the pandemic could end, or whether it will remain with us in some form. Without knowledge about the duration of the pandemic, it is difficult to see what will remain behind it as a consequence for the world economy.

We have previous experience with global crises caused by mistaken economic measures or government behaviour. The only thing we have experienced is that the scope of economic decisions of the states is decreasing compared to the decisions of multinational companies, which are ever less obstructed by state borders. However, for now, Covid-19, as well as the previous migrant crisis, has restored the possibility for states to strengthen their borders in every respect, and thus slow downflows.

Modern life has, for its part, brought great change, with services growing faster than production in the overall economy. Until the expansion of tourism and information services, other services were largely local. But production has also changed, which is monopolised by-products and has relocated the production of their parts to many countries, with which production chains have been branched.

For a long time already, Serbia has received almost only the production of parts or finishings for products with foreign investments. And the required materials are mostly imported. As such many factories are under foreign ownership, as foreign bodies in our small national economy.

For a long time already, Serbia has received almost only the production of parts or finishings for products with foreign investments. And the required materials are mostly imported. As such many factories are under foreign ownership, as foreign bodies in our small national developing economy.

The pandemic has already served as a warning to multinational companies that state borders have increased the risk for them, and some have already suffered as a result of closing borders. But their enduring principle will certainly remain – that in a profitable economy one should constantly choose and use the cheapest resources (land, buildings, labour, energy, financing and benefits).

And Serbia has long since needed to more quickly improve its system and competitiveness, which would lead to the better valuing of all resources. In order to develop faster, Serbia should link itself to production and trade chains that are in its interest to a greater extent. The world will remain global, but also increasingly wary of all kinds of risks that can hamper cross-border flows and even strengthen economic chauvinism. But all the way to the limits of each subject’s own interests. When we overcome the pandemic, we will also complete a difficult recovery from it.

More...

We Need To Be Industrious And Prudent

Given the current state of the pandemic, it is likely that the Serbian economy will need consecutive infusions of money in order to stay...

Predrag Mihajlović, CEO of OTP Bank Serbia

OTP Group’s Record Results In Serbia

The integration of OTP banka Srbija and Vojvođanska banka, as a strategic move of the OTP Group, has the aim of forming a leading...

Bojana Kuzmanović, Sales & Marketing Director, Gorski Hotel & Spa

Mountain Gem

Hotel Gorski, located close to the ski slopes in the tourist centre of Kopaonik Mountain, sets new standards for mountain tourism. It has luxury...

Dejan Stojić, President of AMSS

Proud Of The First Century

AMSS is a national and independent association of citizens and drivers with more than 100,000 members and users of membership advantages, which has spent...

News

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

Montenegro Building Hydroelectric Power Plant Without Asking Serbia For Permission

The state of Montenegro, judging by the 2020 Concession Plan for the use of watercourses to develop hydroelectric power...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Serbia Introduces New Measures To Curb Coronavirus

At the suggestion of the COVID-19 Crisis Response Team, the Serbian government is introducing new measures regarding the prevention...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Serbia Introduces New Measures To Curb Coronavirus

At the suggestion of the COVID-19 Crisis Response Team, the Serbian government is introducing new measures regarding the prevention...

First Ever Loan Under EaSI Funded Instrument Signed In Serbia

• €10 million envisaged to support some 4 000 micro-enterprises under the EU Programme for Employment and Social Innovation...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Serbia Introduces New Measures To Curb Coronavirus

At the suggestion of the COVID-19 Crisis Response Team, the Serbian government is introducing new measures regarding the prevention...

First Ever Loan Under EaSI Funded Instrument Signed In Serbia

• €10 million envisaged to support some 4 000 micro-enterprises under the EU Programme for Employment and Social Innovation...