Sitemap

OTP Banka

Euromoney Proclaims OTP Banka Best In Serbia

Following May 2021’s successful completion of the region’s most complex integration process, OTP Banka Srbija succeeded in maintaining and fortifying its position as the...

Liliana Lapadatoni, Marsh Adria CEO

Great Room For Growth

According to our estimates, the degree of mediation in the B2B segment in Serbia, i.e., the percentage of insurance that’s managed by brokers, is...

Vladimir Spasić, Account Executive, Dell

Digitalisation Forms The Basis Of Market Progress

Digital transformation is today discussed at every company in Serbia, and many of them have seriously embarked on that transformative journey As a driver of...

LeitnerLeitner

The Pandemic Has Impacted Every Aspect Of Business

COVID-19 brought numerous changes to almost all areas of our lives. We spoke with experts from top tax advisory and auditing firm LeitnerLeitner about...

Dušan Radičević, Al Dahra Serbia CEO

How Does One Become An Agriculture Leader?

With the arrival in Serbia of Al Dahra, which is known as a global leader in the agricultural industry, new standards were set for...

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

Crises Give Birth To New Solutions

Even though we have continuity of government, there’s no doubt that the set of measures the government will have to opt for will differ...

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...

Budgets Richer With 85 Million Euros Thanks To Preventing Smuggling

JTI supports the decision of the Government of MNE to prohibit the storage of tobacco in Port of Bar...

Safe Haven For The Economy And Citizenry

I’m extremely proud of the results we’ve achieved in preserving the exchange rate’s relative stability over the course of...

Ambassador Christopher Hill: Serbia Has Made Great Progress

Serbia has made great progress in many fields, including the protection of human rights, said United States Ambassador H.E....

Mathematical Grammar School’s Students The Winners Of Two Bronze Medals At The Informatics Olympics

Students of the Mathematical High School won two bronze medals at the online European Junior Informatics Olympics (EJOI). Bronze medals...

Serbian National Football Team Wins Place In The Elite Rank Of The League Of Nations

The Serbian national football team defeated Norway in Oslo with a score of 2:0 (1:0) with goals from Vlahović...

Ambassador Christopher Hill: Serbia Has Made Great Progress

Serbia has made great progress in many fields, including the protection of human rights, said United States Ambassador H.E....

Mathematical Grammar School’s Students The Winners Of Two Bronze Medals At The Informatics Olympics

Students of the Mathematical High School won two bronze medals at the online European Junior Informatics Olympics (EJOI). Bronze medals...

Serbian National Football Team Wins Place In The Elite Rank Of The League Of Nations

The Serbian national football team defeated Norway in Oslo with a score of 2:0 (1:0) with goals from Vlahović...

Ana Brnabić Attended The State Funeral Of Former Japanese Prime Minister Shinzo Abe

The Prime Minister of the Republic of Serbia, Ana Brnabić, attended the state funeral ceremony of former Japanese Prime...

European Commission: Serbia Advances Faster Than The EU Average In Innovation

The growth of the performance of the Republic of Serbia in the field of innovation is 15.6 percent in...

Ambassador Christopher Hill: Serbia Has Made Great Progress

Serbia has made great progress in many fields, including the protection of human rights, said United States Ambassador H.E....

Mathematical Grammar School’s Students The Winners Of Two Bronze Medals At The Informatics Olympics

Students of the Mathematical High School won two bronze medals at the online European Junior Informatics Olympics (EJOI). Bronze medals...

Serbian National Football Team Wins Place In The Elite Rank Of The League Of Nations

The Serbian national football team defeated Norway in Oslo with a score of 2:0 (1:0) with goals from Vlahović...

Ana Brnabić Attended The State Funeral Of Former Japanese Prime Minister Shinzo Abe

The Prime Minister of the Republic of Serbia, Ana Brnabić, attended the state funeral ceremony of former Japanese Prime...

European Commission: Serbia Advances Faster Than The EU Average In Innovation

The growth of the performance of the Republic of Serbia in the field of innovation is 15.6 percent in...
spot_img