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Nicolas Marquier, Regional Manager for the Western Balkans at the International Finance Corporation (IFC)

Financing the Future

IFC, the largest global development institution, has provided almost $1 billion in financing to Serbia’s private sector over the past six years IFC, as a...

Dr Ivan Todorović, Todorović Law Firm

Dedicated Advisors and Tenacious Litigators

The Todorović Law Firm has existed for more than 30 years and throughout that time has demonstrated its unwavering dedication to continuously advancing at...

Marija Stojiljković, Founder, Royal Nanny

Children Deserve the Best Nannies

Royal Nanny offers a wide range of childcare services, primarily through mediating between professional nannies and families, providing responsible, meticulous, trained and caring individuals Starting...

Petar Miljković, CEO, 14. Oktobar d.o.o.

Employees are the Company’s Real Strength

This former Kruševac giant, which has come a long way over the course of 100 years of operations, developing from a construction machinery factory...

Ivana Bogdanović, Director of Marketing and Corporate Communications at Addiko Bank

CSR as a Longstanding Priority

In today’s world, where gaining the trust of clients is the most important aspect of a company’s business, CSR, or socially responsible operations, represents...

Obrad Kesić, Political Analyst

Transition To An Unknown Destination

Around the world, even in the most developed societies, we are seeing growing tendencies towards the introduction of autocracy, while in contrast democracy is experiencing growing distrust, not only among the elites, but also among the broader masses. We are moving towards changes, but we can’t anticipate the possible outcome of those changes.

A transition is currently happening, not only in Serbia, but rather across the entire world, and we don’t know which political system will prove dominant, firstly in the West, and then in other areas and regions. Autocratic systems have shown that they have some advantages during the coronavirus pandemic, and they have survived and handled themselves better than democracies.

This is firstly because it was necessary to build a political consensus, and we see that this has not been achieved in the U.S. and many European countries, especially when it comes to consensus between the government and a certain section of society, where we see protests held against emergency measures, the shutting down of economies etc. So, that is much more difficult to achieve in democracies, because both political and social consensus must be built. Meanwhile, semi-autocratic and autocratic regimes don’t have to worry about that. They have other problems, but they’re at an advantage when a crisis like this occurs, as we have seen.

Another thing we’ve seen is that the EU would be better prepared to respond to any crisis if it were integrated better, and more, and politically. Unfortunately, the opposite happened. It turned out that solidarity doesn’t exist in the EU during crisis situations. Virtually every country fights to secure its own citizens and its own interests. And that’s another weakness that’s been shown by democracies and represents one of the bigger challenges confronting us as we advance towards a new political organisation and a new system that needs to be formed.

The west is experiencing a serious crisis, perhaps the most serious in the last 100 years, and that is manifesting in distrust towards its own political and economic systems, which has repercussions for everyone else

We also see, if we observe the trends, that Western countries are trending towards becoming greater autocracies and the political elites having greater control over the masses. As such, in America we see a debate about shifting the entire electoral system to the level of the federal government, where the Democrats would have the upper hand. In some way, this would enable them to create rules of the game that suit them, and would guarantee that they will preserve their power and maintain it over a longer period. Republicans are struggling to move towards decentralisation, where the authority of each state resides. They are also currently adopting new election laws that, when implemented, would guarantee their political and electoral interests. So, in the West there are also increasing tendencies in which we see some measures restricting freedom of speech, and during the coronavirus crisis we’ve also seen the implementing of measures that restrict the right to political assembly.

There are no guarantees, as there are in the U.S. Constitution, that if the state decides more than 10 people are not allowed to gather, that can also be used in a political context. Thus, we’ve passed through a phase that leads us to a period of transition. We don’t know what awaits us at the end of the road, but we do know that freedom of speech is currently also under threat in the West, that the freedom to express political views is being stifled, that censorship is being introduced, particularly through the medium of social networks, even to the extent that the American president himself can find himself censored. The tendencies around the world are very bad, as these tendencies are towards autocracy, while democracy is experiencing growing distrust, not only among the elites, but also among the broader masses.

Comment by Zoran Panović

Diplomatic Twine

German politician Markus Söder promised to support Serbia on its EU journey. According to the German media, Söder is making “diplomatic twine” in his...

Branka Anđelković, Co-founder and Programme Director of the Public Policy Research Centre

An Even Bigger Grey Market?

In the case of workers of the platform employed in food production and passenger transport, the Open Balkan initiative might not contribute to the...

Čedanka Andrić, President of Trade Union Confederation NEZAVISNOST

Increased Competition Between Low-Paid Workers

Considering educational qualification and unemployment structures in Serbia, my opinion is that this measure could only increase the pressure on workers in Serbia to...

Jelena Jevtović, Serbian Association of Employers

Employers Will More Quickly Find Workers

The employing of citizens of these two countries in Serbia could ease the labour shortage problem, but fundamentally resolving it requires education system reform It...

ESG Adria Summit Launches in Montenegro

The second annual ESG Adria Summit kicked off today in Tivat, Montenegro, under the theme "Act now for a...

Modine Expands Serbian Operations with New Facility

Modine, a global leader in thermal management technology, has inaugurated a new 18,000-square-metre production plant in Sremska Mitrovica, Serbia,...

Novak Djokovic Wins Laureus Award for World’s Best Sportsman for Record Fifth Time

Novak Djokovic has won the Laureus award for the world's best sportsman for a record fifth time at a...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Galenika Strengthens Market Position with New Strategic Partnerships

Galenika has significantly expanded its presence in the pharmaceutical sector by securing an exclusive distribution agreement with Cantabria Labs,...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Maserati’s Balkan Expansion: New Showroom Opens in Belgrade

Delta Auto Group has unveiled an exclusive Maserati showroom in Belgrade, setting new luxury benchmarks in line with the...

Peter Pellegrini Wins Slovak Presidential Election

Peter Pellegrini, the candidate from the ruling coalition, won the second round of the presidential elections in Slovakia, securing...

Strategic Energy Partnership Established Between Serbia and France

The Serbian Government adopted a Memorandum of Understanding between the Government of Serbia and French Electric Power Company (EDF),...

Serbia-France Innovation Forum Begins: Innovate for the Planet! Play Green!

At the Serbia-France Innovation Forum titled 'Innovate for the Planet, Play Green', which commenced at the Palace Serbia, French...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Maserati’s Balkan Expansion: New Showroom Opens in Belgrade

Delta Auto Group has unveiled an exclusive Maserati showroom in Belgrade, setting new luxury benchmarks in line with the...

Peter Pellegrini Wins Slovak Presidential Election

Peter Pellegrini, the candidate from the ruling coalition, won the second round of the presidential elections in Slovakia, securing...

Strategic Energy Partnership Established Between Serbia and France

The Serbian Government adopted a Memorandum of Understanding between the Government of Serbia and French Electric Power Company (EDF),...

Serbia-France Innovation Forum Begins: Innovate for the Planet! Play Green!

At the Serbia-France Innovation Forum titled 'Innovate for the Planet, Play Green', which commenced at the Palace Serbia, French...
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