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Milan Marković, General Manager, Smurfit Kappa Belgrade

Returning Treated Water to the Danube

Here Milan Marković, General Manager of Smurfit Kappa Belgrade, shares his insights about the company’s legacy and innovative strides in environmental protection Founded in 1921...

Bogdan Gavrilović, Managing Director, WTO Serbia

Transport and Logistics Without Borders

World Transport Overseas is one of the fastest-growing logistics companies in Eastern Europe, with branches in Bulgaria, China, Croatia, Greece, Kosovo, North Macedonia, Serbia,...

Vesna Jovanović, Director, EurologSystem

Connecting Italy and Serbia by Rail

EurologSystem, which is set to commemorate two decades of successful operations in 2025, transports an average of 500,000 tons of goods annually, primarily agricultural...

Branko Milikić, Business Development Director at Halcom Serbia

Innovations in Digital Banking

Halcom is a leader in the domain of digital banking and banking solutions. This company has spent 30 years enabling the safe and efficient...

Dragana Ašić Ratkovac, Business Manager Consulting & Tax Advisor at Unija Consulting d.o.o. Beograd

Our View of the Tax World and What’s Important

The success of companies in today’s world depends, among other things, on the ability to adapt to constant amendments to tax laws. My experience...

Nebojša Savić Ph.D., FEFA University

Investments Are Crucial To Long-Term Recovery

It is vital for Serbia to preserve the attractiveness of its business environment in order to secure further FDI inflows. It is simultaneously also necessary to open a channel to intensify domestic private investments in order for Serbia to achieve constantly high investment rates of 25% of GDP and more

The growth slowdown in Serbia, to around 2%, is the result of external circumstances related, on the one hand, to the war in Ukraine and, on the other, to the nature of the world economy’s recovery following the pandemic. In this framework, rising inflation came as a result of very complex movements in the world economy and the pumping of huge monetary infusions both during and after the pandemic. Measures aimed at curbing inflation move in the direction of slowing growth. Serbia should continue with agreed measures, both monetary and fiscal, to halt inflation. The entire world is fighting inflation, Serbia included, and inflation in Serbia now is on a downward trajectory and by year’s end should reach single digits, around 8%.

It is very important for the GDP growth rate to be maintained at 2% or more this year, because we would thereby avoid entering the zone of recession that’s confronting most of the world’s developed countries. Under such complex international geopolitical circumstances, it is crucial to devise cautious and well-balanced economic policy measures that yield results in terms of reducing inflation, on the one hand, while maintaining the economy in the zone of positive growth of 2% and more, on the other. When it comes to increasing the growth rate in the future, it would be very advantageous to improve the operations of public companies, particularly in the electricity industry, and to reduce corruption.

When it comes to increasing the growth rate in the future, it would be very advantageous to improve the operations of public companies, particularly in the electricity industry, and to reduce corruption

We should add to this the fact that it is vital for Serbia to maintain the attractiveness of the business environment in order to secure two things: firstly, the continued enticing of FDI, which is very important because it ensures the influx of new technology, but also the growth of employment rates and export performance; but it is secondly also necessary to open a channel to intensify domestic private investments in order for Serbia to achieve constantly high investment rates of 25% of GDP and more.

When it comes to future prospects, it should be stated that measures taken in Serbia in an effort to combat inflation, as in the rest of the world, serve in the direction of halting inflation. Raising benchmark interest rates, as a basic market mechanism for curbing inflation, yields its results. It is very important to be patient and steadfast when it comes to measures, because monetary policy measures have a delayed impact, usually by around 12 months. This means that this much time is needed, with anchored inflationary expectations, to curb inflation. The process that’s been initiated to reduce inflation in Serbia should return the annual inflation rate to around 8% by December of this year, while it will return to the target framework, i.e., below 4.5%, during the second half of 2024.

By Emmanuel B. Nyirinkindi, IFC's Vice President of Cross-Cutting Solutions

Public-Private Partnerships Key to Serbia’s Green Future

Five years ago, dark, polluted water with a foul smell trickled down from the Vinča landfill, sending toxic pollutants into the Danube. The landfill,...

Comment by Zoran Panovic

Growth Plan

Late April saw the European Parliament give the green light to the Growth Plan for the Western Balkans, with the Council of the European...

Dr Aleksandar Mitić, Institute for International Politics and Economy

Cooperation with China Raised to the Highest Level in Europe

Both Germany and France desire close cooperation with China, so any criticism of Serbia’s close relations with China is an example of double standards I...

Slobodan Zečević Ph.D, Institute for European Studies

Delicate Seesaw

France and Germany have contrasting views on cooperation with China, but the internal reasons for such views don’t automatically relate to their stance regarding...

Montenegro’s Investment Climate Evaluated in Latest White Book

The Montenegrin Foreign Investors Council (MFIC) has unveiled the "White Book – Investment Climate in Montenegro 2023," which marks...

Over 150 Companies Attend French-Western Balkans Forum in Belgrade

Yesterday in Belgrade, the French-Serbian Chamber of Commerce, in collaboration with the French Embassy and French Trade Advisors, launched...

Public-Private Partnerships Key to Serbia’s Green Future

Five years ago, dark, polluted water with a foul smell trickled down from the Vinča landfill, sending toxic pollutants...

Slovenia Achieves Top Ten Status in Global Peace Index for 2024

Slovenia has distinguished itself as one of the world's most peaceful nations, securing a spot in the top ten...

German Companies Seek Suppliers from the Western Balkans

In Munich, 99 suppliers from the Western Balkans, including 22 from Serbia, engaged in talks with representatives from 20...

Public-Private Partnerships Key to Serbia’s Green Future

Five years ago, dark, polluted water with a foul smell trickled down from the Vinča landfill, sending toxic pollutants...

German Voters Dominate, Malta Least Represented in Upcoming European Parliament Elections

As the 2024 European Parliament elections draw near, set to take place from 6 to 9 June, Eurostat has...

Regional Creative Network Established in Belgrade

In an initiative led by the National Platform "Serbia Creates" and the Ložionica Center, the first gathering of creative...

Chile to Install World’s Largest Astronomy Camera 

Chile is set to install the world's largest astronomy camera atop Cerro Pachón in the Coquimbo region, on the...

Montenegro Earns €17 Million from Toll Roads in Two Years

Montenegro has generated €17 million in toll revenue from the Bar-Boljare-Smokovac-Mateševo motorway in two years Since the opening of the...

Public-Private Partnerships Key to Serbia’s Green Future

Five years ago, dark, polluted water with a foul smell trickled down from the Vinča landfill, sending toxic pollutants...

German Voters Dominate, Malta Least Represented in Upcoming European Parliament Elections

As the 2024 European Parliament elections draw near, set to take place from 6 to 9 June, Eurostat has...

Regional Creative Network Established in Belgrade

In an initiative led by the National Platform "Serbia Creates" and the Ložionica Center, the first gathering of creative...

Chile to Install World’s Largest Astronomy Camera 

Chile is set to install the world's largest astronomy camera atop Cerro Pachón in the Coquimbo region, on the...

Montenegro Earns €17 Million from Toll Roads in Two Years

Montenegro has generated €17 million in toll revenue from the Bar-Boljare-Smokovac-Mateševo motorway in two years Since the opening of the...
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