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Goran Vukobratović, PRO-ING CEO

Challenges Lead to the Best Results

PRO-ING has existed for nearly 80 years and has been setting new market standards from the very beginning, says CEO Goran Vukobratović, as well...

Unija Consulting

Guide to Financing Subsidiaries

Unija Consulting has been providing top-quality services for 20 years, thanks to its team of professionals dedicated to achieving excellence in all aspects of...

Ivana Ankić, Marketing Director, Coca-Cola HBC Serbia and Montenegro

Quality, Honesty and Authenticity Win Over Consumers

“We are among the companies that base their growth on innovation and adding extra quality to beloved brands,” says Ivana Ankić, who has built...

Božidar Aleksandrović, Owner, Vinarija Aleksandrović

Ambassadors Of Serbian Wine

The awards being won worldwide by Serbian wines are proof that insisting on top quality always pays off, and that this is the path...

SŽ-Tovorni promet

Always Putting Customers First

SŽ-Tovorni promet is a leading rail freight carrier in the region, offering a wide range of transport and logistics services. As a key element...

Vladimir Gligorov, Economist And Political Scientist

Awaiting The Assigning Of Destiny

How political changes will look following contrasting outcomes of the conflict in Ukraine within certain countries, especially Serbia, will depend primarily on political decisions that will be made. Serbian politics is traditionally indecisive, so this time around it will again probably wait for the decisions to be made by others, and the public will complain about the injustice of the world, the western world of course.

The idea of a new world order provides strategic motivation for Russian aggression against Ukraine. The question, of course, is whether the means lead to the end.

What is the end goal? Viewed politically, the Russian authorities are striving for a balance of power that could be called a world council, i.e., the best formal agreement between the great powers regarding the division of spheres of influence and the procedure by which they would agree about governing the world. And how to govern Europe, especially when it comes to Russia and America.

The economic aspect of this strategy is unclear. That’s because it could be the very opposite of trade and investment globalisation, and would be replaced by some kind of regionalism, or economic cooperation within economic blocs. The problem with this is that it’s uncertain whether it would suit China. And alliance with China is certainly an essential condition to even discuss the idea of establishing a new world order.

The aggression against Ukraine was intended to demonstrate that Russian interests must be respected, because it will be seen that the world cannot ignore its military power and importance to the world economy, primarily as a supplier of energy and raw materials, and to some extent also food. The success reflected in the accepting of the establishing of a new world order that would recognise Russia’s global role, and above all its European role, would require (i) the political will of the Russian people, (ii) a swift military victory in Ukraine, and (iii) economic disruption, primarily in Europe, as a result of rising prices of Russian imports.

It isn’t certain whether the new world order that will emerge will be the one that the Russian authorities are striving for or some other. If the second option occurs, a new world order with reduced Russian influence will emerge. When it comes to the Balkan countries, the importance of the European union will increase, as will the damage to those countries that have remained outside it, for one reason or another

As things currently stand, none of these three conditions have been met by the military aggression launched against Ukraine. The occupation of Ukraine is persisting, there is a fear that political support could be lost among the Russian people and the elite, while the economic consequences of very strict, comprehensive and unanimous sanctions are proving tougher for the Russian economy than for Europe’s, not to mention the American economy.

It isn’t certain whether the new world order that will emerge will be the one that the Russian authorities are striving for or some other. If a convincing victory doesn’t come in the war in Ukraine, and the political outcome is detrimental to Russian military goals, coupled with the economic problems that Russia will face, the order that will be established following Russia’s relative failure in demonstrating its might will be detrimental to Russia’s influence in Europe and around the world. This will be partly due, and probably most importantly, to increased unity in the European Union and NATO. China’s influence will increase, particularly if it remains committed to preserving the global economic system, because it has a great interest in exporting and investing in foreign countries. Thus a new world order will be created with diminished Russian influence, which must have consequences for the Russian economy and political scene.

It isn’t difficult to see what the consequences will be for the Balkan countries. The importance of the European Union will increase, as will the damage to those countries that have remained outside it, for one reason or another. How political changes will look like in certain countries, especially in Serbia, will depend primarily on the political decisions that will be made. Serbian politics is traditionally indecisive, so this time it will probably wait for others to make decisions, and the public will complain about the injustice of the world, the West of course.

By Dr Slobodan Zečević, Ph.D., Director of the Institute of European Studies

Writing the European Future

The most recent official visit of Emmanuel Macron to Serbia took place in late August. This successful visit built on Serbia’s already vibrant diplomatic...

Zoran Stojiljković Ph.D., Faculty of Political Science, University of Belgrade

Protests Require a Clear Political Strategy

Reactive protests only yield real change if they develop into a coordinated and proactive movement for change that unifies social and political demands With regard...

Dragan Popović, Director of the Centre for Practical Politics

Disaffection Doesn’t Always Bring Change

Determination regarding major social issues, regardless of how important they are to the people, doesn’t automatically lead to changes in voter preferences The mass disaffection...

Bojan Klačar, CeSID Executive Director

Deciding on Lithium isn’t a 100-Metre Sprint

Estimates that the government will fall on the issue of lithium are more the fruit of emotions than something that can be concluded rationally As...

Europe House opened in Belgrade – The place we meet

The Europe House in Belgrade was opened today in the presence of state officials, representatives of diplomatic corps and...

Spain Gets First Female President of the Supreme Court

Spanish Supreme Court Judge Isabel Perelló will become the first woman to preside over Spain's Supreme Court and the...

Serbia’s Chamber of Commerce to Open New Office in Skopje to Boost Economic Cooperation

The Chamber of Commerce of Serbia (PKS) is set to open a new office in Skopje to further strengthen...

BRICS Considers Turkey’s Request for Full Membership

Turkey, a NATO member, has submitted a request for full membership in BRICS, announced Yuri Ushakov, an aide to...

Belgrade to Host 2026 World Congress of Economists, Welcoming Nobel Laureates and Top Global Minds

Belgrade has been selected as the host city for the prestigious XXI World Congress of Economists, to be held...

Spain Gets First Female President of the Supreme Court

Spanish Supreme Court Judge Isabel Perelló will become the first woman to preside over Spain's Supreme Court and the...

BRICS Considers Turkey’s Request for Full Membership

Turkey, a NATO member, has submitted a request for full membership in BRICS, announced Yuri Ushakov, an aide to...

Dubrovnik Tops List for Most Tourists Per Capita

Croatia and Montenegro have emerged as the top countries in Europe for tourists per capita, with Dubrovnik ranking as...

President Vučić and Ambassador Cochard Finalize Preparations for Emmanuel Macron’s Official Visit

Serbian President Aleksandar Vučić met with French Ambassador Pierre Cochard to finalize preparations for the official visit of President...

Belgrade Among Finalists to Host the World Congress of the International Economic Association

The Serbian Association of Economists submitted an official bid in late May this year to host the 21st World...

Spain Gets First Female President of the Supreme Court

Spanish Supreme Court Judge Isabel Perelló will become the first woman to preside over Spain's Supreme Court and the...

BRICS Considers Turkey’s Request for Full Membership

Turkey, a NATO member, has submitted a request for full membership in BRICS, announced Yuri Ushakov, an aide to...

Dubrovnik Tops List for Most Tourists Per Capita

Croatia and Montenegro have emerged as the top countries in Europe for tourists per capita, with Dubrovnik ranking as...

President Vučić and Ambassador Cochard Finalize Preparations for Emmanuel Macron’s Official Visit

Serbian President Aleksandar Vučić met with French Ambassador Pierre Cochard to finalize preparations for the official visit of President...

Belgrade Among Finalists to Host the World Congress of the International Economic Association

The Serbian Association of Economists submitted an official bid in late May this year to host the 21st World...
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