Sitemap

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...

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

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...

Mobi Bank Becomes Yettel Bank

Mobi Banka, soon to be Yettel Bank, has unveiled a new brand and mobile application, marking a pivotal shift...

Serbia Set to Become Europe’s Top Copper Producer with Zijin Mining Expansion

Zijin Mining has announced plans to increase the annual capacity of its Serbian project to 450,000 tonnes of copper...

ESG Adria Summit Launches in Montenegro

The second annual ESG Adria Summit kicked off today in Tivat, Montenegro, under the theme "Act now for a...

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

Novak Djokovic has won the Laureus award for the world's best sportsman for a record fifth time at a...

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...

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...
spot_img