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Mirjana Lučić And Vladan Ilić, General Managers At Saint-Gobain

Anniversary Year

Saint-Gobain is a world leader in modern and sustainable construction that designs, produces and distributes materials and services for the construction sector and industrial...

UniCredit Bank Serbia

Why It’s Important To Save: The Future Is Certainty

There’s no need to talk about the fact that it’s important to find a certain degree of stability and certainty under the current circumstances...

Nemanja Bućinac, Retail Leasing Director, MPC Properties

Changing With The Times

UŠĆE Shopping Center has been the market leader for over 13 years. In order to retain this position, UŠĆE is preparing for a major...

Stylianos Tsoktouridis, Director, Alumil Yu Industry A.d.

Superior Customised Solutions

Alumil is one of the largest brands producing windows and doors, with 12 factories across Europe, including one in Serbia. The company continues, year-on-year,...

Sanja Stanimirović, CEO, Testeral

Demanding Markets Develop Quality

Testeral exports 95 per cent of its production to the markets of Western Europe and America, and one of the company’s goals is to...

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.

H.E. Mohamed Abdullahi Ahmed, Ambassador Of Somalia To Serbia

Somalia Is Potentially A Rich Country

Despite the fact that Somalia has experienced a variety of situations over the past 31 years, including civil wars, famine, and international terrorism that...

Comment by Zoran Panovic

Ana, Again

Of course, it’s absurd that, on the day when the gay prime minister received her third mandate, Serbian President Aleksandar Vučić simultaneously cancelled the...

Bojan Klačar, Executive Director Of The Centre For Free Elections And Democracy (CESID)

Open Doors

The return of the opposition to the parliament will lead to numerous changes. The national assembly will once again be pluralistic, with MPS that...

Despot Kovačević, Assistant Professor/Lecturer At The University Of Belgrade Faculty Of Political Sciences

Chance For The Opposition To Profile Itself Among Voters

The post-election dynamics of relations within the opposition showed that a debate will be led on the topic of genuine opposition to the regime...

Total Revenues Of Video Game Industry In Serbia Amounted To 125 Million Euros In 2021

The video game industry in Serbia employs 3,000 people who work in 130 gaming companies, with total revenues last...

Leaders Of 44 Countries Invited To The First Meeting Of The European Political Community

Representatives of 44 countries have been invited to the first meeting of the European political community, which will be...

Serbian Flag In Times Square

The flag of Serbia with a message about friendship between Serbia and the United States, as well as an...

Vučić At The UN: What Is The Difference Between The Territorial Integrity Of Ukraine And Serbia?

What is the difference between the territorial integrity of Ukraine and the territorial integrity of Serbia, which was violated...

Scientists In China Create World’s First Cloned Wild Arctic Wolf

The successful cloning of the species which is native to the High Arctic tundra of Canada's Queen Elizabeth Islands,...

Total Revenues Of Video Game Industry In Serbia Amounted To 125 Million Euros In 2021

The video game industry in Serbia employs 3,000 people who work in 130 gaming companies, with total revenues last...

Leaders Of 44 Countries Invited To The First Meeting Of The European Political Community

Representatives of 44 countries have been invited to the first meeting of the European political community, which will be...

Serbian Flag In Times Square

The flag of Serbia with a message about friendship between Serbia and the United States, as well as an...

Vučić At The UN: What Is The Difference Between The Territorial Integrity Of Ukraine And Serbia?

What is the difference between the territorial integrity of Ukraine and the territorial integrity of Serbia, which was violated...

Scientists In China Create World’s First Cloned Wild Arctic Wolf

The successful cloning of the species which is native to the High Arctic tundra of Canada's Queen Elizabeth Islands,...

Total Revenues Of Video Game Industry In Serbia Amounted To 125 Million Euros In 2021

The video game industry in Serbia employs 3,000 people who work in 130 gaming companies, with total revenues last...

Leaders Of 44 Countries Invited To The First Meeting Of The European Political Community

Representatives of 44 countries have been invited to the first meeting of the European political community, which will be...

Serbian Flag In Times Square

The flag of Serbia with a message about friendship between Serbia and the United States, as well as an...

Vučić At The UN: What Is The Difference Between The Territorial Integrity Of Ukraine And Serbia?

What is the difference between the territorial integrity of Ukraine and the territorial integrity of Serbia, which was violated...

Scientists In China Create World’s First Cloned Wild Arctic Wolf

The successful cloning of the species which is native to the High Arctic tundra of Canada's Queen Elizabeth Islands,...
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