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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...

H.E. Demetrios Theophylactou, Ambassador Of Cyprus

Optimism For War To End In 2023

The optimistic outlook is that most countries – particularly in the EU – have become much better at managing global challenges. The not-so-optimistic outlook is that geopolitics is characterised by increased volatility. Subsequently, geopolitics has major negative consequences for the global economy ~ Demetrios Theophylactou

This brief assessment concerning optimism, or luck thereof, as we enter 2023, taking into account the war in Ukraine, as well as ongoing conflicts in the Western Balkans, the Middle East and Eastern Mediterranean, focuses on the impact of the complex global situation on economies. The first part concerns the economy of Cyprus, while the second looks more broadly at global economic trends. The Cypriot economy grew by more than 6% of GDP by the end of 2022, surpassing the EU average. The annual growth rate was substantially higher than the EU average of 2.4% GDP and the eurozone’s 2.1%. Despite the serious challenges posed by the Russian invasion of Ukraine, the Cypriot economy proved resilient when other EU economies faced the risk of recession. Still, this optimistic outlook by no means ignores high inflation and rising energy prices. However, the negative effects of the ongoing war in Ukraine on economic activity appear to be unfolding slowly, inevitably impacting the outlook for 2023.

Real GDP growth in 2023 is forecast at 2.4%, driven by several factors, including the deterioration of EU economic sentiment and weakening of business confidence. When we look at the global picture, higher energy prices and interest rates will cause growth to slow across most of Europe, and other parts of the world, with some countries falling into recession. The energy shock will impact countries differently, with some hit quite hard and some continuing to perform relatively well. In conclusion, the optimistic outlook is that most countries – particularly in the EU – have become much better at managing global challenges, such as the pandemic. The not-so-optimistic outlook is that geopolitics is characterised by increased volatility. Subsequently, geopolitics has major negative consequences on the global economy. Assuming that the war in Ukraine ends in 2023, a most optimistic scenario will prevail in respect to economic performance. Let us hope that this will be the case, for the benefit of the world.

Conference “Thinking Green & Living Clean” Held

On Wednesday, 15 May, the "Thinking Green & Living Clean" conference took place at the Sava Center, marking the release of the tenth edition...

Serbia and Albania Witness Significant Trade Surge, Reaching 311.4 Million Euros in 2023

Serbia and Albania saw a notable boost in trade exchange, hitting 311.4 million euros in 2023, an 8% increase from the previous year. Exports...

EU Commissioner Várhelyi Visits Serbia to Discuss Deepening Integration and Regional Stability Efforts

In a pivotal meeting in Belgrade, Serbian President Aleksandar Vučić and EU Commissioner for Neighbourhood Policy and Enlargement Olivér Várhelyi discussed key steps towards...

Serbia and Ukraine Strengthen Ties During High-Level Visits

During a significant visit by Olena Zelenska, the wife of Ukrainian President Volodymyr Zelenskiy, and Ukrainian Foreign Minister Dmytro Kuleba, Serbia has pledged its...

Zoran Andjelković Ascends to Directorship of Serbian Post

Zoran Andjelković has been appointed as the new acting director of Pošta Srbije (Serbian Post), as announced in the...

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...

Golubac Marks Milestone with Inauguration of Eastern Serbia’s First Wind Farm

In a significant development for Serbia's renewable energy sector, Golubac celebrated the grand opening of the "Krivača" wind farm,...

Conference “Thinking Green & Living Clean” Held

On Wednesday, 15 May, the "Thinking Green & Living Clean" conference took place at the Sava Center, marking the...

Serbia and Albania Witness Significant Trade Surge, Reaching 311.4 Million Euros in 2023

Serbia and Albania saw a notable boost in trade exchange, hitting 311.4 million euros in 2023, an 8% increase...

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...

Launch of the Council of European Business Associations and Chambers in Serbia

European business associations and bilateral chambers have established the Council of European Business Associations and Chambers in Serbia (CEBAC),...

EU Commissioner Várhelyi Visits Serbia to Discuss Deepening Integration and Regional Stability Efforts

In a pivotal meeting in Belgrade, Serbian President Aleksandar Vučić and EU Commissioner for Neighbourhood Policy and Enlargement Olivér...

Ukraine’s First Lady Visits Serbia in Historic Diplomatic Move

Ukraine's First Lady, Olena Zelenska, arrived in Belgrade on Sunday, marking a historic visit as the first top Ukrainian...

Opposition Claims Resounding Victory in North Macedonia Elections

The conservative opposition VMRO-DPMNE coalition in North Macedonia has declared a sweeping victory in both presidential and parliamentary elections....

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...

Launch of the Council of European Business Associations and Chambers in Serbia

European business associations and bilateral chambers have established the Council of European Business Associations and Chambers in Serbia (CEBAC),...

EU Commissioner Várhelyi Visits Serbia to Discuss Deepening Integration and Regional Stability Efforts

In a pivotal meeting in Belgrade, Serbian President Aleksandar Vučić and EU Commissioner for Neighbourhood Policy and Enlargement Olivér...

Ukraine’s First Lady Visits Serbia in Historic Diplomatic Move

Ukraine's First Lady, Olena Zelenska, arrived in Belgrade on Sunday, marking a historic visit as the first top Ukrainian...

Opposition Claims Resounding Victory in North Macedonia Elections

The conservative opposition VMRO-DPMNE coalition in North Macedonia has declared a sweeping victory in both presidential and parliamentary elections....
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