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Emil Sovilj CEO, Energotehna d.o.o.

Building the Energy of the Future

“I believe that by consolidating the capital of domestic, smaller yet reputable companies, we could once again establish a strong reputation as reliable builders,...

Stanislava Petković, General Director of Vista Rica

A Pioneer in Opening New Investment Opportunities for the Economy

The investment market in Serbia is undergoing a transformation, with alternative investment funds attracting increasing attention from domestic investors In this interview for CorD, Stanislava...

Miloš Jauković, CEO, Dr. Max Serbia

Making Healthcare Accessible to All

Dr. Max Group and Dr. Max Serbia are leaders in providing comprehensive and timely services to patients, with highly ambitious plans for the company’s...

Milorad Stojanović and Darko Šehović, Data Cloud Technology (DCT)

Comprehensive Solutions for Digital Transformation

In today’s dynamic digital landscape, companies face increasing challenges related to IT infrastructure, data security, and business continuity. Data Cloud Technology (DCT) has positioned...

Goran Medić, Director, INOVA-Geoinformatika

INNOVAtion is a Key Part of Our Identity

The advanced and innovative solutions of INOVA, best known for its TeleCAD-GIS and INOVA GIS platform, are applied not only in telecommunications but also...

Ivan Vejvoda, political scientist

Institutions and Their Would-be Destroyers and Defenders

The malevolent nature of Trump’s intentions isn’t disputed; the question is whether American democracy has strong enough safeguards to contain those intentions

Donald Trump’s more than convincing victory in the U.S. presidential election of 5th November marks a significant turning point for the world. It is necessary to couch this victory in the broader context of the growth of the political right and the extreme right; parties with conservative worldviews in European countries like the Netherlands, Italy, Germany, Slovakia, Austria, or even, for instance, in India.

The U.S., as the country that remains the world’s strongest, with the largest economy, certainly has a greater influence over world trends than others. Agreement exists that unpredictability represents Trump’s key characteristic. It is also true, however, that he is much more prepared this time around to take on his second term as the 47th president of the U.S. He has noted that one of his primary goals on the domestic front will be to take revenge for all the actions that he claims have been taken against him by both individuals and institutions of the state. The malevolent nature of his intentions isn’t disputed, but what remains unknown is his ability to implement his intentions and, in accordance with that, the question of how resilient U.S. democratic institutions will prove in resisting those moves – in colloquial terms, whether there are strong enough safeguards to prevent his intentions.

American society is divided. He was victorious and now controls almost all key branches of government, both executive and legislative, and will attempt to subordinate the judiciary (we will see if he can really succeed in that).

In this constellation, the Western Balkans – including Serbia – aren’t a high priority for the incoming U.S. administration… The EU is their home port and anchor

On the economic front, protectionism will be at the foundation of his policies. He has stated that “tariff” (customs barriers, excise duties) is his favourite word. Europe and China will be the first in the firing line, but many economists warn that this could have very detrimental consequences for the U.S. economy and entrepreneurs. We also shouldn’t forget the example of China, which holds approximately nine hundred billion dollars of U.S. debt.

This all means that geopolitical circumstances will be complicated, to say the least. When it comes to transatlantic relations, it is difficult to predict at present whether he will seek the U.S.’s withdrawal from NATO or “merely” a cooling of relations, i.e., a reduction in the U.S. contribution to Europe’s defence and security. He has stated that he would resolve the Russo-Ukrainian War in 24 hours (with typical Trumpian arrogance). Ukraine should certainly prepare to receive significantly less support, if not the complete suspension of American aid. Europe and the EU are already preparing to take on the biggest burden and to help Ukraine by themselves. The war in the Middle East is the second major challenge and support for Israel will certainly be as high as it’s been to date, or even higher, leading to even greater uncertainty over the end of this conflict.

Trump’s first term was marked by his opposition to multipolar institutions and prioritising of transactional, direct relations with other countries – all of which yielded mixed results.

In this constellation, the Western Balkans – including Serbia – aren’t a high priority for the incoming U.S. administration. The region represents part of Europe geographically and geopolitically, and its countries aspire to join the EU, which is their home port and anchor, but they should certainly also strive to find their interests in relations with the new administration in Washington.

Comment By Zoran Panović

Students & Vučić

The largest mass gathering in the history of Belgrade demystified the myth of the so-called critical mass, because it doesn’t have to mean anything...

Aleksandar Vlahović, President of the Serbian Association of Economists

A Lack of Quality Institutions Reaches Boiling Point

The resignation of Prime Minister Vučević represents a precedent in Serbia’s political life, marking the consequences of a deep political crisis, the resolution of...

Goran Radosavljević, Ph.D. Vice-Dean for Research and Director of the FEFA Institute

Bad and Good News

Although the political crisis threatens the economy over the short term, meeting protestors’ demands for stronger institutions and the fight against corruption could stimulate...

Pavle Petrović, economist, former president of the Fiscal Council and a member of the Serbian Academy of Sciences and Arts (SANU)

Time for a U-turn in Serbia?

The prime minister’s resignation, prompted by mass protests, may open a window for Serbia to shift from state-led cronyism to an entrepreneurial model grounded...

Serbia’s Living Pavilion Blooms in Osaka

At the official opening of Serbia’s pavilion at EXPO 2025 Osaka, Commissioner Žarko Malinović stated that Serbia was proud...

Automation, Migration and Labour Shortages – A European Perspective

As Europe grapples with persistent labour shortages across key sectors, new research underscores how both automation and migration have...

Croatia and Serbia’s RETFOR Project

In a bold step towards tackling climate change through cross-border cooperation, the RETFOR project was launched as part of...

China Responds to New US Tariffs with 25% Levy on American Goods

Beijing has announced a 25% tariff on certain imports from the United States, following Washington's decision to impose new...

ProCredit Bank Clients Secure More Than Half of All Grant Funds from the Support Program for small enterprises

ProCredit Bank Serbia is one of eight banks and three leasing companies participating in the Support Program for small...

Serbia’s Living Pavilion Blooms in Osaka

At the official opening of Serbia’s pavilion at EXPO 2025 Osaka, Commissioner Žarko Malinović stated that Serbia was proud...

Automation, Migration and Labour Shortages – A European Perspective

As Europe grapples with persistent labour shortages across key sectors, new research underscores how both automation and migration have...

Croatia and Serbia’s RETFOR Project

In a bold step towards tackling climate change through cross-border cooperation, the RETFOR project was launched as part of...

China Responds to New US Tariffs with 25% Levy on American Goods

Beijing has announced a 25% tariff on certain imports from the United States, following Washington's decision to impose new...

EU launches Call for private investment in the Western Balkans to drive economic growth and boost EU integration

At the ADRIA Summit 2025 in Montenegro, today the European Union announced a Call for Expressions of Interest to...

Serbia’s Living Pavilion Blooms in Osaka

At the official opening of Serbia’s pavilion at EXPO 2025 Osaka, Commissioner Žarko Malinović stated that Serbia was proud...

Automation, Migration and Labour Shortages – A European Perspective

As Europe grapples with persistent labour shortages across key sectors, new research underscores how both automation and migration have...

Croatia and Serbia’s RETFOR Project

In a bold step towards tackling climate change through cross-border cooperation, the RETFOR project was launched as part of...

China Responds to New US Tariffs with 25% Levy on American Goods

Beijing has announced a 25% tariff on certain imports from the United States, following Washington's decision to impose new...

EU launches Call for private investment in the Western Balkans to drive economic growth and boost EU integration

At the ADRIA Summit 2025 in Montenegro, today the European Union announced a Call for Expressions of Interest to...
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