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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...

Vladimir Obradović, full professor and Head of the Department for Interdisciplinary Research in Management at Belgrade University’s Faculty of Organizational Sciences

Benefitting Investors and Sabotaging Safety

A lack of adequate regulation and public control provides fertile ground for corruption, which inevitably results in higher costs and lower quality, to the detriment of Serbia’s citizens

Imagine you’re baking a cake. You don’t follow a recipe, don’t use proven ingredients and entrust the making of the cake to someone who’s never previously baked anything. Moreover, the cake costs as much as the most expensive speciality from Vienna, Paris, New York or Tokyo. And voila, that’s the state of public projects in Serbia.

The absence of adequate regulations and public oversight of works creates fertile ground for corruption, and corruption inevitably leads to higher costs and/or lower quality, and all to the detriment of Serbia’s citizens.

Public projects in Serbia don’t respect technical, financial or management practices to a great extent. The current government has been deregulating constantly for more than a decade, reducing requirements for expertise in all areas – construction, transport, education etc. The interests of investors are prioritised, often at the expense of safety. The works at the railway station in Novi Sad were entrusted to companies that lacked adequate previous experience of working on similar projects, which directly increased project risks in terms of deadlines, costs and the quality of results delivered, and thus also safety.

For projects like EXPO, where a public justification study is lacking, we receive information exclusively from the president, which is unacceptable and unconstitutional

The new raft of laws proposed in the National Assembly by the departing government extends to the extent of being absurd in envisaging the commissioning of facilities within the scope of the EXPO project without a usage permit, and enabling the launch of construction works without a project first being subjected to environmental and immovable cultural assets impact assessments. This all testifies to us every day moving further away from a system that we could say has been astructured in accordance with the needs of citizens.

A lack of transparency and the absence of the public in works also represent major problems of the public sector in Serbia. Under a veil of contract secrecy, citizens don’t have adequate insight into what’s being done, why it’s being done, how much it will cost, how long it will take and what benefits it will bring to society. We don’t know whether public projects have formal managers and who they are if they do, what their competencies are, how they were selected. Such information should be available to the public.

The government defends some public projects with police cordons because the public doesn’t want them, as is the case, for example, with the project to remove the Sava bridge. For some projects that will require the spending of billions of euros of public money, such as EXPO, we don’t have a justification study that’s publicly available. This is unacceptable. We can only hear about and see these projects at the press conferences of the President of the Republic of Serbia, and his jurisdiction in this area is in no way in accordance with the Constitution of Serbia.

Uncompromising application of the law, followed by the urgent improvement of regulations and strengthening the role of the profession, represent the only way to heal all spheres of society, including future infrastructure projects.

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...

EC Welcomes Serbia’s New Government, Emphasizes Commitment to EU Path

The European Commission has welcomed the appointment of Serbia's new government under Prime Minister Đuro Macut, highlighting the importance...

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...

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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