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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...

Mahmud Bušatlija, foreign investment expert

We Cannot Remain Completely Attached To Germany

Our way out is to aggressively attract equity investments, primarily in agriculture and industrialisation, with an emphasis on exports.

The pandemic has definitely enthroned the term “black swan” on the financial market, which refers to an unpredictable event with major ramifications. In the opinions of many financial strategists, this could hit companies that do business with China. Some compare it to the American financial crisis of 2008, forgetting that the crisis began in the most developed centre of the financial market and its weakening impacted on the production of tradeable goods.

In contrast to the global crisis of 2008, the pandemic started at a time when a large part of the world’s most developed economies was already slowing down and had falling economic performances. The pandemic only deepened the already present echo of the 2008 global crisis, which was never fully overcome within the frameworks of Western economies. The expectation that the pandemic will hit those who do business with China, which accounts for about 20 per cent of activities in the world economy, is just a continuation of the happenings that preceded the pandemic.

We know from previous crises that it is flexible and easily adaptable economies that do best. Those have, to date, been economies that rely on the secondary financial market, but the pandemic has shown that the way out is a quick adjustment to the production of tradeable goods, in which China leads. Unlike China, which successfully reorientated part of the auto industry to the production of respirators and other essential medical devices within 10-15 days, the German car industry rebelled, claiming that several months would be required to shift production.

Accepting our need to work closely with the EU, we must also consider the diversification of international economic relations, primarily with China, Russia and Turkey

A broad analysis of this phenomenon could lead to the conclusion that there will inevitably be a reduction in the volume of production chains between the Far East and the most developed Western countries, but that there will be a strengthening of economic links between the Far East and developing countries. China will have the dominant position in this process, and it will use the “new Silk Road” to increase the volume of production chains with developing countries in Europe, the Middle East and Central Asia. China also leads a similar economic policy in Africa and South America.

Accepting our need to work closely with the EU, we must also consider the diversification of international economic relations, primarily with China, Russia and Turkey. It is obvious that the EU expects difficult and even dramatic socio-economic and political problems, which will hinder our cooperation with certain EU member states to a large extent. A significant part of our production serves the German car industry, which had entered a deep recession even before the pandemic. Our way out is to aggressively attract equity investments, primarily in agriculture and industrialisation, with an emphasis on exports.

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...

The Swiss Voted In A Referendum That Women Should Retire At 65

The Swiss voted by a narrow majority in a referendum to increase the retirement age for women to 65,...

Giorgia Meloni Claims Victory To Become Italy’s First Female Prime Minister

According to the results published after the polls closed, the right-wing coalition led by the Brothers of Italy party,...

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...

The Swiss Voted In A Referendum That Women Should Retire At 65

The Swiss voted by a narrow majority in a referendum to increase the retirement age for women to 65,...

Giorgia Meloni Claims Victory To Become Italy’s First Female Prime Minister

According to the results published after the polls closed, the right-wing coalition led by the Brothers of Italy party,...

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...

The Swiss Voted In A Referendum That Women Should Retire At 65

The Swiss voted by a narrow majority in a referendum to increase the retirement age for women to 65,...

Giorgia Meloni Claims Victory To Become Italy’s First Female Prime Minister

According to the results published after the polls closed, the right-wing coalition led by the Brothers of Italy party,...

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...
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