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Nikola Pejović, Umka Cardboard Mill General Manager

Sustainability and Quality as Foundations of Trust

The Umka Cardboard Mill boasts a rich tradition dating all the way back to 1939, when it was first established to produce paper and...

Miodrag Kostić Endowment

Palace of Science Welcomes Visitors

Thanks to Miodrag Kostić’s gift to the Serbian society that’s worth over 25 million euros, an area of 5,500m² in one of Belgrade’s most...

dm drogerie

CSR Marks Milestone Year for dm

Retail chain dm drogerie markt, a leader in corporate social responsibility in Serbia, concluded its anniversary year with numerous humanitarian activities and monetary and...

Kathrine Decorzant, general manager, JTI Adriatica

Benchmark for Success

JTI represents one of the largest Japanese investments in Serbia and the country’s leading tobacco company, which has been recognised as a Top Employer...

Aleksandar Momčilović, sales and service manager at Daikin Serbia (Heating & Cooling expert)

Trust Built on Expertise

Daikin has introduced many global “firsts” and patented technologies that have become indispensable in modern air conditioners and heat pumps ~ says Diakin Serbia’s...

Nebojša Savić Ph.D., FEFA University

Investments Are Crucial To Long-Term Recovery

It is vital for Serbia to preserve the attractiveness of its business environment in order to secure further FDI inflows. It is simultaneously also necessary to open a channel to intensify domestic private investments in order for Serbia to achieve constantly high investment rates of 25% of GDP and more

The growth slowdown in Serbia, to around 2%, is the result of external circumstances related, on the one hand, to the war in Ukraine and, on the other, to the nature of the world economy’s recovery following the pandemic. In this framework, rising inflation came as a result of very complex movements in the world economy and the pumping of huge monetary infusions both during and after the pandemic. Measures aimed at curbing inflation move in the direction of slowing growth. Serbia should continue with agreed measures, both monetary and fiscal, to halt inflation. The entire world is fighting inflation, Serbia included, and inflation in Serbia now is on a downward trajectory and by year’s end should reach single digits, around 8%.

It is very important for the GDP growth rate to be maintained at 2% or more this year, because we would thereby avoid entering the zone of recession that’s confronting most of the world’s developed countries. Under such complex international geopolitical circumstances, it is crucial to devise cautious and well-balanced economic policy measures that yield results in terms of reducing inflation, on the one hand, while maintaining the economy in the zone of positive growth of 2% and more, on the other. When it comes to increasing the growth rate in the future, it would be very advantageous to improve the operations of public companies, particularly in the electricity industry, and to reduce corruption.

When it comes to increasing the growth rate in the future, it would be very advantageous to improve the operations of public companies, particularly in the electricity industry, and to reduce corruption

We should add to this the fact that it is vital for Serbia to maintain the attractiveness of the business environment in order to secure two things: firstly, the continued enticing of FDI, which is very important because it ensures the influx of new technology, but also the growth of employment rates and export performance; but it is secondly also necessary to open a channel to intensify domestic private investments in order for Serbia to achieve constantly high investment rates of 25% of GDP and more.

When it comes to future prospects, it should be stated that measures taken in Serbia in an effort to combat inflation, as in the rest of the world, serve in the direction of halting inflation. Raising benchmark interest rates, as a basic market mechanism for curbing inflation, yields its results. It is very important to be patient and steadfast when it comes to measures, because monetary policy measures have a delayed impact, usually by around 12 months. This means that this much time is needed, with anchored inflationary expectations, to curb inflation. The process that’s been initiated to reduce inflation in Serbia should return the annual inflation rate to around 8% by December of this year, while it will return to the target framework, i.e., below 4.5%, during the second half of 2024.

Comment by Zoran Panović

The Absurdity of Reality

Amid the unfolding upheaval surrounding Trump’s return to the White House, mass Student-led protests have erupted in Serbia. The trigger was a tragedy at...

Florian Bieber, Professor for Southeast European History and Politics at the University of Graz and director of the Centre for Southeast European Studies

Autocratic Regimes Spark Mass Protests

Protests in Slovakia, Georgia and Serbia stem from different causes, but reflect broader political frustration and often inspire one another There have been large protest...

Vladan Marjanović, journalist of weekly news magazine Radar

Violence Threatens from Above and Below

With Trump’s return to the White House, the world has entered a period in which the power of state repression, based on the violating...

Slobodan G. Markovich, Faculty of Political Science of the University of Belgrade

The Mutiny of Zoomers and the Belgrade Student Protests

Gen Z in the West and Serbia seeks security and respect, expecting institutions – and not politicians – to deliver. Using likes, dislikes and...

Neoplanta Celebrates New Life with Generous Gesture

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The Hermitage Days are Being Held Again in Belgrade in 2025

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AgroBelgrade 2025 – A Hub for Innovation and Trade in Agriculture and Horticulture

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Djokovic into Australian Open Semifinals After Victory Over Alcaraz

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UK Surges to Second in Global Investment Rankings, Offering Hope Amid Economic Uncertainty

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The Hermitage Days are Being Held Again in Belgrade in 2025

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Djokovic into Australian Open Semifinals After Victory Over Alcaraz

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The Hermitage Days are Being Held Again in Belgrade in 2025

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Djokovic into Australian Open Semifinals After Victory Over Alcaraz

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Nigeria Joins BRICS as a Partner Country

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