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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...

Marija Ignjatijević, Researcher, Belgrade Centre For Security Policy

The EU (Still) Lacks Sufficient Might To Form Autonomous Defence Capacities

The very fact that the EU repurposed its peace facility instrument to arm Ukraine has significant operative relevance, but also symbolic relevance. Member states will certainly be less reluctant to invest in joint projects and mechanisms, although truly integrated defence capacities in the EU might be a farfetched goal

The war in Ukraine has already caused tectonic shifts in the global security architecture and interrupted the decadeslong peace project in Europe, forcing it to rearm. The threat of war on its territory will reshape European defence, individual member states’ militaries and common defence, transatlantic relations and Europe’s role in NATO. Nevertheless, defence reforms and rearmament are quite expensive and require extensive planning and long-term adaptation. We can thus expect gradual steps and important political commitments, rather than a Europe armed to the teeth in the nearest future.

Significant changes in defence policies can already be noticed: ever-moderate Sweden and Finland bidding for NATO membership and announcing increased military spending, Germany, dormant for decades, pledging to boost its defence budget, along with many of its European colleagues like Poland, France, Romania and others; Denmark deciding to participate in joint European defence mechanisms etc. It remains to be seen how those budgets will be spent and how that spending will impact on common defence mechanisms. Many resources will undoubtedly be allocated to replace and replenish arms and military equipment sent to Ukraine.

Rather than ad hoc arming, driven by political interests and spiced up with a lack of transparency and planning, Serbia should pay greater attention to problems like the increasing outflow of personnel that erodes the foundations of the defence system

When it comes to defence integration, the war in Ukraine has certainly bolstered the process more than any previous EU initiative. The very fact that the EU repurposed its Peace Facility instrument to arm Ukraine already has significant operative relevance, but also symbolic relevance. Member states will certainly be less reluctant to invest in joint projects and mechanisms, but striding towards truly integrated defence capacities in the EU nevertheless requires a lot of time, effort and the overcoming of political obstacles.

The war in Ukraine has made it clear that Serbia will have to choose a side in its foreign policy, which it has successfully avoided having to do for years. Serbia took steps towards the modernisation and renewal of its outdated arms and equipment in the past few years, though predominantly in the service of its foreign policy. Arms and equipment were purchased from all sides (Russia, China, EU member states, European manufacturers etc.), in accordance with the balancing concept and Belgrade’s “four pillars” foreign policy approach.

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...
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