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Regus

How the Hybrid Model Can Boost the Bottom Line

With a global network of around 4,000 locations spanning 1,100 towns and cities across more than 120 countries, Regus helps over eight million people...

Heineken

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From barley to bar, more than 150 years, we are committed to making a positive impact on the world around us. We are aware...

Luboš Berkovec, Mobi Banka Chief Operations Officer

Dedicated to Modern Banking

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Miloš Lončar, Client Solutions Lead for SEE, Dell Technologies

Valued Partner to the Public Sector

Dell distinguishes itself as a pioneer in various domains of technology, including hybrid cloud solutions, cybersecurity, edge and high-performance computing, but also innovative social...

Vladimir Spasić, Dell Account Executive

E-services Ease Our Lives

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Milojko Arsić Ph.D., Professor At The University Of Belgrade Faculty Of Economics

There Will Always Be Bread, But Not Smarts

Even during the times of the harshest sanctions imposed during the 1990s, enough food products were still available in Serbia. Temporary shortages of such products can only occur as a consequence of mistaken economic policies

In the case of the introduction of sanctions, we can be quite certain that would result in the worsening of relations between the Serbian and Russian political leadership. I estimate it as being unlikely that Russia would apply harsher measures against Serbia, such as halting gas supplies and the like, because in the long run that would lead to the loss of its stronghold among the Serbian people. The Russian leadership would probably try to attribute the possible imposing of sanctions to Serbia’s “unpopular pro-Western leadership”, but it would try to maintain its close affinity with the Serbian people, while seeking out new partners on the Serbian political scene. I think the economic cost of imposing sanctions against Russia would be an increase in gas prices for Serbia, probably combined with the suspending or annulling of the free trade agreement with Russia. The rise in the price of gas would have a negative impact on the entire economy and the citizens of Serbia in a certain period, while the suspension of the FTA would hit the parts of the economy that had significant exports to Russia, such as producers of fruit and vegetables.

In the case of the European Union, some form of punishment for Serbia should be expected to take the form of a suspension of EU accession talks and the withdrawing or reducing of financial assistance to Serbia. The harshest possible measure that one could expect, but which I don’t think is very likely, would be some kind of recommendation not to invest in Serbia for companies from the EU, or from key EU countries like Germany, Austria and Italy.

I estimate it as unlikely that Russia would apply harsher measures against Serbia, such as halting gas supplies and the like, because in the long run that would lead to the loss of its stronghold among the Serbian people

I don’t think the EU would go further than that, and imposing harsher measures would only serve, in the long run, to distance Serbia from the EU and push it towards Russia and China. Any significant reduction in EU investments would hit the Serbian economy hard, because it would cause a slowdown in economic growth and the stagnation of employment and standards, while problems would also arise in terms of financing the balance of payments and servicing external debts. That would all lead to increased pressure on the weakening dinar, and could also result in rising inflation.

When it comes to supplying basic foodstuffs, none of these scenarios threaten Serbia because it is a major producer and exporter of such products. Even during the times of the harshest sanctions imposed during the 1990s, enough food products were still available in Serbia. Temporary shortages of such products can only occur as a consequence of mistaken economic policies, such as controlling prices administratively etc.

Comment By Zoran Panovic

Consolidating Power

Vucic’s campaign (despite the elections not being presidential) is being conducted like crisis management. The aim is to convince his supporters, and even more...

Aleksandar Baucal Ph.D, full professor at the Faculty of Philosophy in Belgrade

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Ana Stijiljkovic, Political Communication Consultant, Media and Communication Researcher, Loughborough University

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Bogdan Živkovic, historian

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Serbia and Italy Sign Innovation Cooperation Agreements at Forum

At the Italy-Serbia Innovation Forum "Creating Business through Innovation," three agreements and a memorandum were signed, as announced by...

Minister Dačić Received the Ambassador of the Sovereign Order of Malta in a Farewell Visit

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CorD Magazine Celebrates 20 Years

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Serbia Acquires Historic WWII Directive Ordering Attack on Yugoslavia

The Government of the Republic of Serbia announced that, following its recent acquisition of a piece by Paja Jovanović...

Serbia and Italy Sign Innovation Cooperation Agreements at Forum

At the Italy-Serbia Innovation Forum "Creating Business through Innovation," three agreements and a memorandum were signed, as announced by...

Minister Dačić Received the Ambassador of the Sovereign Order of Malta in a Farewell Visit

The First Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Serbia, Ivica Dačić, received in...

CorD Magazine Celebrates 20 Years

alliance international media (AIM doo), the publisher of CorD Magazine, organized a celebration at the Aeroclub, marking the 20th anniversary of...

NALED: One of the First Open Innovation Projects in Serbia to Commence Soon

One of Serbia's first 'open innovation' projects is set to commence soon, offering scientific and research organizations a unique...

Serbia Acquires Historic WWII Directive Ordering Attack on Yugoslavia

The Government of the Republic of Serbia announced that, following its recent acquisition of a piece by Paja Jovanović...

Serbia and Italy Sign Innovation Cooperation Agreements at Forum

At the Italy-Serbia Innovation Forum "Creating Business through Innovation," three agreements and a memorandum were signed, as announced by...

Minister Dačić Received the Ambassador of the Sovereign Order of Malta in a Farewell Visit

The First Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Serbia, Ivica Dačić, received in...

CorD Magazine Celebrates 20 Years

alliance international media (AIM doo), the publisher of CorD Magazine, organized a celebration at the Aeroclub, marking the 20th anniversary of...

NALED: One of the First Open Innovation Projects in Serbia to Commence Soon

One of Serbia's first 'open innovation' projects is set to commence soon, offering scientific and research organizations a unique...

Serbia Acquires Historic WWII Directive Ordering Attack on Yugoslavia

The Government of the Republic of Serbia announced that, following its recent acquisition of a piece by Paja Jovanović...
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