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Iosif Vangelatos, Inos Balkan General Manager

Need For Raw Materials On The Rise

The Serbian secondary raw materials industry has undergone a series of transformations over the course of the past 20 years. As the country is...

OTP Banka

Proud Of Generator Zero Project

OTP banka awards two million dinars to Fragment Panels, the New Winning Solution of the 2023 Generator ZERO Competition. Some of the solutions that...

Sanja Pešić, Alma Quattro CEO

Leaders For A Full Three Decades

Next year will be marked by the 30th anniversary of the founding of company Alma Quattro, which enriches its network of advertising media and...

Maja Marić, Owner And Director, Finexpertiza d.o.o.

Always Several Steps Ahead

FinExpertiza, which forms part of one of the world’s leading auditing companies, recently celebrated eight years of successful operations. Alongside auditing, accounting support, legal...

Danilo Savić, CEO, Data Cloud Technology

Reliable Partner To Giants

The state data centre in Kragujevac isn’t the only such centre in the region, but it is among the most modern. It has much...

Jelena Bulatović, Executive Director Of The Serbian Association Of Managers, SAM

We Must Decide What Kind Of Migration We Want

Automation will increasingly be on the rise, not only as part of progress and advancement, but rather as a result of the need to resolve the shortages in some occupations. It is thus no exaggeration to say that we will have robots in the fields in the near future.

The Serbian labour market is suffering from the consequences of global trends. The brain drain is a global phenomenon that’s being faced by most countries around the world. From this region, young people want to go to the EU; from some European countries, young people want to go to the U.S. etc. Moreover, Serbia has unfavourable demographic trends, and demography impacts on the labour market and the economy, and vice versa. We have a low birth rate, high mortality and a high level of emigration, all of which impact negatively on the labour market.

We already have occupations that are in short supply, not only when it comes to highly qualified personnel in the field of IT, such as data scientists and data analysts, but also when it comes to jobs like traders, warehousemen, forklift drivers, as well as workers for various occupations in construction and agriculture. The cost of labour for these occupations is on the rise on the market, while the economy is turning to some other solutions when it comes to staff shortages, such as automation and the importing of labour, which are already evident on the market.

Switzerland tops the list of countries when it comes to innovation and global competitiveness, representing an excellent example of actively dealing with the brain drain topic

We are witnessing, for example, that we already have foreign workers in the construction sector, while automation will also increasingly be on the rise, not only as part of progress and advancement, but rather as a result of the need to resolve the shortages in some occupations. It is not a complete hyperbole to suggest that, for instance, if we don’t have enough workers for some jobs, say in agriculture, that we will have robots working in the fields in the near future.

Serbia must choose as a society the direction it wants to go when it comes to circular migrations. And that direction will determine whether we will import cheap labour or high-quality workers and digital nomads. We already have initiatives that encourage and ease the return of our diaspora to the country, and as a country we shouldn’t prevent young people who want to go abroad to study. Instead of that, we should create such a society that compels them, after a certain period of time there, to want to return to the country.

I’ve always found the example of Switzerland interesting, where they identified the brain drain problem 20 years ago and worked intensively to reverse the trend. Their model has shown that investing in innovative professions leads to faster economic development, the growth of competitiveness and improved living standards, and this ensures that the country has become more attractive for young and old to stay in or return to the country, while attracting other, high-quality workers from other countries. Switzerland tops the list of countries when it comes to innovation and global competitiveness, and I think it represents an excellent example of actively dealing with the brain drain topic. I would like us, as a country, to head in that direction and feel the positive effects of circular migrations.

By Zoran Panović

Serbia Divided

Vučić’s calls for “unity” actually represent a call for his supporters to unify. Serbia is a deeply divided society – and two massacres (in...

H.E. Christopher Hill, U.S. Ambassador To Serbia

Mutual Understanding Is The Bedrock Of Community Resilience

Crises remind us to listen and be kind to one another, transcending divisions like politics and embracing our shared humanity Any crisis is a reminder...

H.E. Annika Ben David, Swedish Ambassador To Serbia

Freedom And Inclusion Strength Societies

Culture empowers the dynamic interplay of diversity, human rights and both social and economic cohesion, driven by the creative and cultural industries as drivers...

H.E. Raúl Bartolomé Molina, Spanish Ambassador To Serbia

Cultural Connections Foster Long-term Relationships

Cultural diplomacy operates on the basis of the belief that shared understanding can be nurtured through the promotion of cultural exchange and dialogue, thereby...

Of The Seven Members Of EPS New Supervisory Board Three Are From Norway

The Minister of Energy, Dubravka Đedović, presented to the Government of Serbia the new members of the Supervisory Board...

The President Of India Draupadi Murmu Visits Serbia

The President of India, Draupadi Murmu, has arrived on an official visit to Serbia, where she will stay for...

Slovenia To Take Up Seat Of UNSC Non-permanent Member For 2024-2025

Slovenia, not Belarus, will take up the seat of a non-permanent member of the UN Security Council for 2024-2025...

Čadež: The Western Balkans Is The Region Of Potential And Not Problems

Europe should accept, as soon as possible, the fact that the Western Balkans (WB) is not the region of...

Serbia To Celebrate The EU Green Week

Serbia is celebrating the EU Green Week again this year, with a set of events that brings together hundreds...

Of The Seven Members Of EPS New Supervisory Board Three Are From Norway

The Minister of Energy, Dubravka Đedović, presented to the Government of Serbia the new members of the Supervisory Board...

The President Of India Draupadi Murmu Visits Serbia

The President of India, Draupadi Murmu, has arrived on an official visit to Serbia, where she will stay for...

Slovenia To Take Up Seat Of UNSC Non-permanent Member For 2024-2025

Slovenia, not Belarus, will take up the seat of a non-permanent member of the UN Security Council for 2024-2025...

Serbia To Celebrate The EU Green Week

Serbia is celebrating the EU Green Week again this year, with a set of events that brings together hundreds...

Elon Musk Reclaims Title Of World’s Richest Person

Elon Musk is once again the world’s richest person after leapfrogging French billionaire Bernard Arnault, after a slump in the...

Of The Seven Members Of EPS New Supervisory Board Three Are From Norway

The Minister of Energy, Dubravka Đedović, presented to the Government of Serbia the new members of the Supervisory Board...

The President Of India Draupadi Murmu Visits Serbia

The President of India, Draupadi Murmu, has arrived on an official visit to Serbia, where she will stay for...

Slovenia To Take Up Seat Of UNSC Non-permanent Member For 2024-2025

Slovenia, not Belarus, will take up the seat of a non-permanent member of the UN Security Council for 2024-2025...

Serbia To Celebrate The EU Green Week

Serbia is celebrating the EU Green Week again this year, with a set of events that brings together hundreds...

Elon Musk Reclaims Title Of World’s Richest Person

Elon Musk is once again the world’s richest person after leapfrogging French billionaire Bernard Arnault, after a slump in the...
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