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Dr Sandra Tinaj and Dr Milica Vukotić, University Of Donja Gorica

Education Is At A Major Turning Point! UDG Offers A Unique Educational Model

The University of Donja Gorica (UDG) is dedicated to its students and training them for both their professional advancement and to be a responsible...

Dragoljub Milinković, CEO, Veterinarski zavod Subotica

New Laboratory For A New Age

Veterinarski zavod Subotica was established in 1921 as the state sought the capacity to produce vaccines. Today we have seen that support for companies...

TotalEnergies Marketing Serbia

Planting Seedlings Of Care For The Environment

With the ongoing challenges to preserve our planet that’s endangered by climate change, global multienergy company TotalEnergies continues to pursue its ambition of reaching...

Radisav Osmajlić, Director For Central and Eastern Europe and Turkey, WTW

Every Risk Is A New Opportunity

WTW operates in 140 countries and is a global leader in people, risk and capital management consulting. In Serbia, it focuses on risk management...

Philanthropy

The Harp Talent

Founded in 2003 as a non-profit action tank, Multikultivator connects with institutions and individuals from around the globe to produce concerts, festivals, educational music...

Mihail Arandarenko Ph.D., Professor, Faculty Of Economics, University Of Belgrade

Circular Migrations Are Our Reality

People are increasingly leaving Serbia, but they are spending much less time abroad. Temporary work abroad is a far greater cause of labour shortages than permanent emigrations from the country. Our temporary and circular emigrants mostly generate their earnings outside Serbia, then spend them in the country. That has its positive and negative aspects, but it is already our reality.

Demand for labour has long been increasing under the influence of economic growth and investments, primarily in construction, industry and IT services. On the other hand, the supply of labour is decreasing, mostly due to a rapid decline in the working age population as a result of the large Baby Boom generation retiring, but also as a result of increased labour migration. As such, the biggest labour market problem in this decade won’t be unemployment, as it was in the past, but rather an increase in the quality of jobs.

Serbia isn’t leading the way on technological development, nor are our labour costs at a level that would mean that automation could seriously jeopardise employment over the medium term. On the other hand, current labour shortages in sectors that are recording expansion, such as construction and some services, are already a reality, but that will continue to predominantly relate to temporary migrant workers with modest qualifications and no lasting aspirations to migrate.

Digital nomads are another story. They are an attractive phenomenon that draws attention, but their number is not, and cannot be, large. Apart from that, they are by definition an unstable and fickle grouping. Many countries have already introduced benefits similar to ours, competition is strong among attractive European cities, so attracting digital nomads can’t be built into some more serious strategy for the development of human resources.

Current labour shortages in sectors that are recording expansion, such as construction and some services, are already a reality, but that will continue to predominantly relate to temporary migrant workers with modest qualifications and no lasting aspirations to migrate.

On the other hand, circular labour migrations are already the predominant reason why our people head abroad. That wasn’t the case until around 2015. When we look at data on the total number of emigrants from Serbia in the main recipient countries, they are mostly stable countries that are not growing or are growing slowly. On the other hand, the number of emigrants leaving Serbia over the course of a single year was increasing steadily and rapidly until the outbreak of the pandemic, almost tripling over the past decade. In other words, people are increasingly leaving Serbia, but they are spending much less time abroad.

Temporary work abroad is a far greater cause of labour shortages than permanent emigrations from the country. For example, in 2019, more than 60,000 of our citizens received residence permits in the EU for the first time, while at the same time around 50,000 of them – not necessarily the same individuals – returned to the country. Thus, net emigration to the EU was perhaps only 5,000-10,000, but the number of those working outside Serbia for most of the year probably exceeded 40,000. Our temporary and circular emigrants mostly generate their earnings outside Serbia, then spend them in the country. That has its positive and negative aspects, but it is already our reality.

Comment By Zoran Panović

Swallowing Frogs

Swallowing frogs isn’t Vučić’s metaphor, but rather Zoran Đinđić’s. And no matter how well boiled those amphibians might be, frogs that need to be...

Branimir Jovanović, Economist, The Vienna Institute For International Economic Studies

Balancing Between East And West Comes At A Cost

Whether Serbia will emerge as a winner of the nearshoring trend over the coming years will depend primarily on political developments. If Serbia stays...

Bojan Stanić, Sector For Strategic Analysis and Internationalisation At The Chamber Of Commerce & Industry Of Serbia (CCIS)

War Is Always A Bad Friend

The continuation of the conflict in Ukraine could, over the long run, imperil the recovery of the western Balkans. That’s why political de-escalation in...

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...

Finland And Sweden Confirm Intention To Join NATO

The leaders of Finland and Sweden have confirmed they intend to join Nato, signifying a historic Nordic policy shift...

Ethiopians Feisa And Tzekole Are Winners Of The Belgrade Marathon

Ethiopian Mulgeta Birhanu Feisa and his compatriot Tsedal Tzekole are the winners of the jubilee 35th Belgrade Marathon. Feisa ran...

Novak Djokovic Wins His First Title Of The Year And Sixth In Rome

World number one Novak Djokovic boosted his preparations for next week's French Open by winning his first title of...

Montenegro: Up To €2.9 Million EIB Grant To Improve Education

The European Investment Bank (EIB), the bank of the European Union, will provide a grant of up to €2.9 million...

Brussels: Leaders Of The Western Balkans Reaffirm Commitment To EU Path

EU Foreign Minister Josep Borrell reiterated at a working dinner he organized in Brussels for Western Balkan leaders that...

Finland And Sweden Confirm Intention To Join NATO

The leaders of Finland and Sweden have confirmed they intend to join Nato, signifying a historic Nordic policy shift...

Ethiopians Feisa And Tzekole Are Winners Of The Belgrade Marathon

Ethiopian Mulgeta Birhanu Feisa and his compatriot Tsedal Tzekole are the winners of the jubilee 35th Belgrade Marathon. Feisa ran...

Novak Djokovic Wins His First Title Of The Year And Sixth In Rome

World number one Novak Djokovic boosted his preparations for next week's French Open by winning his first title of...

Brussels: Leaders Of The Western Balkans Reaffirm Commitment To EU Path

EU Foreign Minister Josep Borrell reiterated at a working dinner he organized in Brussels for Western Balkan leaders that...

Kosovo Officially Submits Application For Membership In The Council Of Europe

Kosovo has officially submitted the application for membership in the Council of Europe. Such a move has been confirmed through...

Finland And Sweden Confirm Intention To Join NATO

The leaders of Finland and Sweden have confirmed they intend to join Nato, signifying a historic Nordic policy shift...

Ethiopians Feisa And Tzekole Are Winners Of The Belgrade Marathon

Ethiopian Mulgeta Birhanu Feisa and his compatriot Tsedal Tzekole are the winners of the jubilee 35th Belgrade Marathon. Feisa ran...

Novak Djokovic Wins His First Title Of The Year And Sixth In Rome

World number one Novak Djokovic boosted his preparations for next week's French Open by winning his first title of...

Brussels: Leaders Of The Western Balkans Reaffirm Commitment To EU Path

EU Foreign Minister Josep Borrell reiterated at a working dinner he organized in Brussels for Western Balkan leaders that...

Kosovo Officially Submits Application For Membership In The Council Of Europe

Kosovo has officially submitted the application for membership in the Council of Europe. Such a move has been confirmed through...
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