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Director Of Development, Technical Operations And Innovation MPC Properties

Creating The Perfect Synergy

Demand for commercial real estate has remained stable and is expected to preserve that stability, which also applies to real estate commercial terms, which...

Portonovi

Endless Summer Adventures And Relaxation On The Adriatic Coast

Portonovi Resort, a luxurious and unique destination that lies at the heart of the Bay of Kotor, announces the more than exciting summer season...

Pavel Maco, President Of The Executive Board Of Mobi Banka

Banking Identity As A Universal Identity

Mobi Banka recently reached two milestones: a hundred thousand completely online loans; and a hundred million transactions. The bank ended last year with 650,000...

Vladimir Vasić, Secretary General Of The Association Of Serbian Banks

Serbia Needs A Stable Banking Sector

Crisis situations show best that Serbia definitely needs its Association of Banks, an organisation that performs important work for banks and the entire financial...

Predrag Mihajlović, Executive Board President And CEO At OTP Banka Srbija

High-end, Trustworthy And Reliable

We create value through our distinctive approach, which places the client at the centre of everything we do at OTP banka. Whether providing capital...

Gert Rabbow, Executive Director Of The German-Serbian Chamber Of Commerce - AHK Serbien

Serbia Likely To Become First Choice For German Nearshoring

Even before the outbreak of the covid-19 pandemic and the start of the war in Ukraine, Serbia had already proved itself to be a good investment location. The current situation in Ukraine has only accelerated the drive towards nearshoring and made Serbia more visible as a potential location for the relocating of production operations

We are all witnessing the major impact of COVID-19 on the supply chain industry all over the world, in terms of slowing down or stopping flows of goods and services. Companies are reorganising their production operations to be more resilient to such shocks in the future. Although the pandemic hit many businesses, it also smoothed the way for new production alternatives. Global companies are seeking new production locations in Europe for at least some product areas, and the locations they’re looking for are attractively priced, able to meet the quality requirements and – last, but not least – able to make products available within shorter transport times.

As the German-Serbian Chamber of Commerce, one of our main goals is to accelerate cooperation between German buyers and potential Serbian suppliers. For this purpose, together with our colleagues from 10 other AHKs, we launched a joint initiative to create the largest supplier community in Europe. Our first milestone on that path was the creating of the AHK Industrial Suppliers Forum – a digital platform that we will use for business matchmaking. Additionally, we also introduced new working group for our members: Supply Chains in Serbia, where companies can tackle all potential issues and discuss important supply chain topics relevant to their businesses.

One of Serbia’s main strengths, and a competitive advantage that is enticing foreign investors, is certainly the educated workforce that also brings added value

Even before the outbreak of the Covid-19 pandemic and the start of the war in Ukraine, Serbia had already proved itself to be a good investment location. The pandemic didn’t cause a slowdown in investments, at least those coming from Germany. Despite the current situation, major investors from Germany opened their factories or expanded their operations or facilities in Serbia: MTU, Boysen Abgassysteme, fischer automotive, SMP automotive, ZF Serbia, Brose, Continental, Hansgrohe, Bizerba etc. Serbia and other countries of the Western Balkan region have high potential to position themselves as first-choice locations and destinations for relocating production operations to serve countries in Europe. One of Serbia’s main strengths, and a competitive advantage that is enticing foreign investors, is certainly the educated workforce that also brings added value. By introducing the dual education system, companies offer their employees opportunities to develop their skills and qualifications. That’s why many companies invest in research and development while opening training centres near their facilities. Investors are coming here to stay.

The current situation in Ukraine has only accelerated the drive towards nearshoring and made Serbia more visible as a potential destination for the relocating of production operations. According to information from the Serbian Business Registers Agency, 294 new companies from Russia and Ukraine have been registered in Serbia. The main business focus of these companies are IT and consulting services. Given this fact, Serbia certainly has, and will benefit from, this competitive advantage.

Comment by Zoran Panović

Era Of (Post)historical Misgivings

The anxious apprehension of HBO show Game Of Thrones, or George R. R. Martin’s original source book, is easy to recognise in today’s era...

Duško Radosavljević, Political Scientist

Regret Comes To He Who Takes And He Who Doesn’t

If opposition leaders don’t agree to help Vučić navigate his way across to the other side of the political shore, they will betray their...

Dragan Đukanović, Professor At The University Of Belgrade Faculty Of Political Sciences

New Serbian Government Must Be Clearly Pro-european

Both neighbouring states and leading western countries like the U.S. or Germany will continue to insist that the new government of Serbia clearly determines...

Srećko Djukić, Diplomat, Former Ambassador, Member Of The EPUS Forum For International Relations

The International Community Will Provide The Impetus In Either/or Decisions

The country’ pro-russian and anti-european political scene can be reconfigured, but not in one fell swoop and not solely by the ruling party or...

EU Preparing Investment Plan For Western Balkans Worth 30 Billion Euros

The leaders of the European Union and the Western Balkans held a four-hour discussion in Brussels on the challenges...

Alessandra Moretti Is The New Chair Of EP Delegation To Serbia

The European Parliament (EP) has elected Alessandra Moretti, a member of the Socialists and Democrats from Italy, as chair...

Russia’s Ruble At Its Strongest Level In 7 Years

Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and...

EU Council Pushes For Further Actions To Protect Journalists

Against the backdrop of increasing threats to journalists and thus impediments to freedom of expression and freedom to inform,...

Polish Ruling Party Chief Leaves Government Post

Jarosław Kaczyński, leader of Poland’s ruling nationalist Law and Justice party (PiS), on Tuesday resigned from his post as deputy prime...

EU Preparing Investment Plan For Western Balkans Worth 30 Billion Euros

The leaders of the European Union and the Western Balkans held a four-hour discussion in Brussels on the challenges...

Alessandra Moretti Is The New Chair Of EP Delegation To Serbia

The European Parliament (EP) has elected Alessandra Moretti, a member of the Socialists and Democrats from Italy, as chair...

Russia’s Ruble At Its Strongest Level In 7 Years

Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and...

EU Council Pushes For Further Actions To Protect Journalists

Against the backdrop of increasing threats to journalists and thus impediments to freedom of expression and freedom to inform,...

Polish Ruling Party Chief Leaves Government Post

Jarosław Kaczyński, leader of Poland’s ruling nationalist Law and Justice party (PiS), on Tuesday resigned from his post as deputy prime...

EU Preparing Investment Plan For Western Balkans Worth 30 Billion Euros

The leaders of the European Union and the Western Balkans held a four-hour discussion in Brussels on the challenges...

Alessandra Moretti Is The New Chair Of EP Delegation To Serbia

The European Parliament (EP) has elected Alessandra Moretti, a member of the Socialists and Democrats from Italy, as chair...

Russia’s Ruble At Its Strongest Level In 7 Years

Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and...

EU Council Pushes For Further Actions To Protect Journalists

Against the backdrop of increasing threats to journalists and thus impediments to freedom of expression and freedom to inform,...

Polish Ruling Party Chief Leaves Government Post

Jarosław Kaczyński, leader of Poland’s ruling nationalist Law and Justice party (PiS), on Tuesday resigned from his post as deputy prime...
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