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Jelena Puzović, Ph.D., Head of the JVP Srbijavode Public Relations and International Cooperation Sector

Serbia Must Ensure the Conservation of the Precious Resource That is Water

Public Water Management Company Srbijavode engages in numerous activities aimed at overcoming the challenges brought by climate change – implementing projects to develop and...

Uroš Đorđević, Account Executive, Dell Technologies

Pioneer in the New Era of Digital Tech

Dell Technologies is a corporation that’s oriented towards technological innovation and keeps pace with technological trends in every sense, which includes AI Speaking in this...

Ana Toskić Cvetinović, Executive Director, Partners for Democratic Change Serbia

The Rule of Law is Vital Ana

Partners Serbia is an organisation that’s dedicated to advancing the rule of law and developing civil society and institutions in Serbia and around the...

Ioanna Batsialou Ph.D., Director and Owner of the Ioanna Regen Polyclinic

Passion is Key to this Job

Ioanna Batsialou Ph.D. is the director and owner of the Ioanna Regen Polyclinic, which specialises in physical medicine, rehabilitation, mesotherapy, aesthetics and anti-aging treatments Our...

Maja Marić, Country Manager Operations, CPI Property Group

Retail Parks Remain Fashionable

A key part of the company culture at CPI Property Group Serbia, which forms part of a family firm that was founded in the...

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.

Slađana Prica, retired ambassador, member of the Forum for International Relations and honorary president of the UNA of Serbia

Diplomatic Response Overdue

The issue of the so-called ‘self-proclaimed’ Kosovo joining Europe’s oldest political organisation has long been an open question. Attempts have been made and lobbying...

Slobodan G. Markovich, Institute for European Studies and Faculty of Political Science

U.S. Elections More Critical for EU Future than EP Elections

While the EU’s right-wing parties are expected to make gains, these gains shouldn’t be expected to substantially alter the composition of the Parliament or...

Ivana Radić Milosavljević, Assistant Professor in European Studies at the University of Belgrade - Faculty of Political Sciences

Not all Right-Wing Parties are Likeminded

The outcome of the European Parliament election is unlikely to cause a dramatic shift in EU policy, particularly foreign policy, but it could hamper...

Rajko Petrović, Research Associate at the Institute of European Studies

The EU Idea is Stronger than the Outcome of Less Important Elections

The electorate’s shift to the right won’t change the nature and essence of the idea of the European Union, and thus neither will it...

DM Celebrates 20 Years of Business in Serbia

On the occasion of its significant anniversary, two decades of successful operations in Serbia, dm drogerie markt organised a...

New Joint Venture Forms to Revolutionize Balkan Logistics

In a strategic move to enhance logistics operations in the Western Balkans, Transfera, a leading logistics company in the...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

Serbia Ascends as Key Trade Partner for Germany

Serbia is set to become a net exporter to Germany by 2025, overtaking its imports from the economic powerhouse,...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

Montenegro’s Independence Day Celebrated

Celebrating Montenegro's Independence Day with an Exhibition on Montenegrin Cyrillic Printing from the 15th and 16th Centuries. In commemoration of...

Business Event Hosts Serbian Employment Service Presentation

In Belgrade on the 15th of May, the Slovenian Business Club, in collaboration with the National Employment Service of...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

Montenegro’s Independence Day Celebrated

Celebrating Montenegro's Independence Day with an Exhibition on Montenegrin Cyrillic Printing from the 15th and 16th Centuries. In commemoration of...

Business Event Hosts Serbian Employment Service Presentation

In Belgrade on the 15th of May, the Slovenian Business Club, in collaboration with the National Employment Service of...
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