Monday, October 15, 2018
Ana Brnabić, Prime Minister of the Republic of Serbia

Ana Brnabić, Prime Minister of the Republic of Serbia

New Industrial Policy Leads to New Growth Model

Dr Ronald Seeliger, President of AHK Serbia, CEO of Hemofarm

Dr Ronald Seeliger, President of AHK Serbia, CEO of Hemofarm

Profound Reforms Cannot Be Swift But Well Considered

H.E. Sem Fabrici, Ambassador and Head of the Delegation of the European Union to the Republic of Serbia

H.E. Sem Fabrizi, Ambassador and Head of the Delegation of the European Union to the Republic of Serbia

EU Access Remains Merit-Based

H.E. Thomas Schieb, German Ambassador to Serbia

Scepticism Regarding Border Changes

Sebastian Sosa, Resident Representative, IMF

Sebastian Sosa, Resident Representative, IMF

Remaining Challenges Must Be Addressed With Great Vigour

Dubravka Negre, Head of EIB Regional Representation for the Western Balkans

Dubravka Negre, Head of EIB Regional Representation for the Western Balkans

We’re Bringing Europe to the Balkans

Yana Mikhailova, President of the Foreign Investors Council and CEO of Nestlé South East Market

Yana Mikhailova, President of the FIC and CEO of Nestlé

Window of Opportunity for Strong Growth

Current Issues

cargo-partner celebrates opening of iLogistics Center near Vienna Airport

After more than three months of successful operations, international transport and info-logistics provider celebrated the official opening of its iLogistics Center in innovative timber construction at the company headquarters in Fischamend with a colorful event.

Relaxing The Tax Burden On Enterprises: For Whom And How, If At All?

Big Questions For Small Percentage Points

The Ministry of Finance’s announcement that it could consider lowering the tax burden on businesses could have multiple effects on the economy and on employees, depending on how it is tailored. The context of such a measure is not only fiscal, rather any potentially larger intervention in this sphere would also require the reform of pension and health insurance

Martin Knapp, Executive Member Of The AHK Serbien Board Of Directors

Re-industrialisation Key to Growth and Well-being

For Serbia, re-industrialisation is the only chance to catch up with the Central European economies and in order to do that huge investments in modern technologies are needed. It isn't important whether these investments are made by foreigners or local companies, the main thing is that something happens in that direction

Milan Krstić, Business Consultant, AHK

Faster Development With Expert German Assistance

The aim of German experts engaged through the Senior Expert Service is to help and advance the organisation of the operations of small and medium-sized enterprises, public institutions, associations and educational institutions, both in Serbia and other developing countries

Stevo Todorčević, Mathematician

Live For The Spark Of Discovery

Stevo Todorčević (born Mrkonjić Grad, 1955) is reputed to be one of the world’s greatest authorities in some areas of mathematics. He graduated in mathematics at the University of Belgrade back in 1977, earning his master’s degree in 1978 and his doctorate in 1979. He became a member of the Serbian Academy of Science and the Arts in 1991, and a member of the Royal Society of Canada in 2016. He has led themed mathematics programmes at the Mittag-Leffler Institute in Stockholm (2000), Toronto’s Fields Institute (2002 and 2012) and the Centre de Recerca Matematica in Barcelona (2003-2004), as well as leading scientific projects in the United States, Canada and France

Opinion

Europe Struggles With New Balkan Headache

This one is not on the scale of the predicament the EU faced in the 1990s, when leaders argued and agonized over how to respond to the wars that tore Yugoslavia apart, including whether to intervene militarily

Nada Popović Perišić, Founder And Professor Of The Faculty Of Media And Communication

Education Is Inheritance For The Future

However it may sound today, I’m still an irreparable leftist. However, I don’t see that which I believe in on today’s political scene

Marko Čadež, President of the Chamber of Commerce & Industry of Serbia

German Investments Contribute Significantly to Serbia’s Economic Development

Serbian-German economic cooperation shouldn't only be measured according to the volume of the trade exchange, which has respectable dimensions of scale. Links between companies from the two countries have increased significantly over the last few years, which is testified to - among other things - by the decisions of German companies to reinvest in Serbia, open research centres and include Serbian companies in their production and distribution chains

Zorana Mihajlović, Serbian DPM and Minister of Construction, Transport and Infrastructure

We are Quickly Connecting With Europe

With a new investment cycle that has an estimated value of five billion euros, the sectors of construction and infrastructure will continue to provide a strong contribution to GDP growth and to support Serbia's ambitions to continue expanding its exports and to become the focal point of connectivity between Europe and growing eastern markets

Siniša Mali, Serbian Minister of Finance

Economic Relief Stimulates Economic Growth

The goals of the Ministry of Finance are to further maintain fiscal stability and eliminate systemic obstacles to economic growth. In the process of creating measures that will ease the operations of companies, the Ministry is particularly reliant on useful suggestions from the economy and the business community

Branislav Nedimović, Serbian Minister of Agriculture, Forestry And Water Management

We’ve Created Prerequisites For Agriculture’s Sustainable Development

Thanks to the progress achieved in creating institutional preconditions for the development of agriculture and the food industry, the Ministry received praise from the EU, while Serbia became ready to welcome the upcoming opening of negotiation chapters

Dimitrije Knjeginjić, Vice President of the FIC and Ceo of Lafarge Serbia

Time To Speed Up Reforms

A lot has been done over recent years, but results are lacking in some of the key areas: in the reform of public enterprises and public administration, and in the modernisation of education, pension and health systems. But let’s give the Government time to show whether it’s ready to seriously tackle these areas

Imran Khan Niazi, Pakistan’s Prime Minister

From International Athlete To Prime Minister

Imran Khan Niazi, born in 1952, in Lahore, Pakistan into a welloff Pashtun family to Ikramullah Khan Niazi and Shaukat Khanam, graduated in philosophy, politics and economics from Keble College, University of Oxford. Hailing from a cricketing family, he played the game as a teenager in Pakistan and continued in England

Nicolas Berggruen

Homeless Billionaire

Nicolas Berggruen (54) was born in Paris, went to boarding school in Switzerland, attended university in New York, and began his investing career in London. What followed was a legendary career in finance and a life spent primarily in hotel suites and aeroplanes around the world

What Compels German Companies To Reinvest In Serbia And The Region?

Complex Effort Worth Trying

There are all sorts of barriers preventing foreign investors from enjoying economies of scale while investing in the Western Balkans, though the region does still deliver a solid return on investment. A good-quality workforce, coupled with national and local efforts in Serbia to improve the business climate, result in German companies being eager to expand and reinvest

Jean Pierre Mesić, Managing Director Of Renault Nissan Adriatic

Record Year

We’re extremely satisfied with our results in the Adriatic region, for which I am responsible: in the first six months, private vehicle sales across the entire region increased by 11% and light commercial vehicle sales were up 15% compared to the same period last year, highlights Renault Nissan Adriatic Managing Director Jean Pierre Mesić

Andreja Pavlović, Executive Director Of The Nordic Business Alliance

Good News Ahead

We have high expectations regarding the Nordic Month and the Nordic Business Forum, which we expect to involve the visit of the largest Nordic trade and commerce delegation in recorded history

Hom Parviz, General Manager, Hyatt

Hyatt Is More Optimistic Than Ever About The Future

True to the origins of the brand, innovating through architecture and interior design, from the way the space is used, to the “one stop experience” philosophy

Jorgovanka Tabaković, Governor of The National Bank Of Serbia

Preserving Stability – Supporting Economic Growth

Over the past six years, the National Bank of Serbia [NBS – Serbia’s central bank], has succeeded in securing and preserving price and financial stability, which has provided a significant contribution to the creation of a more favourable business environment, reduced borrowing costs and the more sustainable acceleration of economic growth. And over the next six years we will continue working to ensure that our results are in the interest of all equally, with the long-term goal of ensuring a better life for citizens

David Lahl, Project Leader, Public Finance Reform

Sound Finances Key To SDG Implementation

The objective of the German Development Cooperation is to support the Serbian government in its efforts to improve good financial governance in the context of the 2030 Agenda. Adequate capacities to plan and execute budgets, as well as transparency, accountability and participation in budget processes, are crucial to the efficient implementation of the Sustainable Development Goals

Mihailo Jovanović, Director of the Serbian Gov Office for IT and eGovernance

We are Advancing By Seven-Mile Steps

The effective adoption of regulations, swift implementation of new electronic services and continued growth of the ICT sector in Serbia, which has exceeded a five per cent share of GDP, has led to Serbia quickly being recognised in the region, but also in global terms, as a country transformed 'overnight' by digitalisation

Ana Tozzi, FIC Executive Director

Our Members Needs Oblige Us To Improve Constantly

We are proud of everything we’ve done over the last 15 years on the eliminating of obstacles to doing business not only for our members, but for domestic companies. However, there is no resting on our laurels! Since 2002, when the FIC was established, the business climate has improved significantly, but our mission has not been completed

Stephen Ndegwa, World Bank Country Manager for Serbia

Reforms Are Paying Off

Serbia has demonstrated an ability to make tough reform decisions and has benefited immensely from those reforms. However, it needs to continuously renew to perform even better. If all the pro-market reforms are designed, implemented and sustained, the result will be faster growth

H.E. Subrata Bhattacharjee, Indian Ambassador to Serbia

New Heights For An Old Friendship

Through two high-level visits in two consecutive years, and particularly in the year of the 70th anniversary of bilateral diplomatic relations, India and Serbia have made a major political statement underlining the depth of their relationship

H.E. Carlo Lo Cascio, Italian Ambassador to Serbia

Glass Half Full

Serbia needs to adopt and implement good reforms to guarantee a better future for the entire country. We are here to support Serbia in its commitment on reforms, especially in the rule of law area, and to cooperate with Belgrade for a more stable and interconnected region. It’s a joint effort and, as always, it takes two to tango, but we are confident in the progress that has been made-Carlo Lo Cascio

Comment

Good Opportunity To Accelerate Reforms

Since the 2000s, when the transition process began, Serbia probably hasn’t had a better chance than this one – to conclude structural reforms and open the way to strengthening the new economy that has grown out of the ruins of the old system.

Dragan Penezić, President of the Anti-Illicit Trade Committee of the FIC

Improve The Inspection Oversight System

A key problem in combatting the grey economy is the treatment of misconduct and criminal charges in the area of illicit trade by the prosecution and the courts, i.e. ineffective processing and excessively mild punishment policies

Dragana Stikić, Food & Agriculture Committee of the FIC

Harmonising Regulations For Greater Competitiveness

Amendments to the Law on Food Safety should remove barriers to foreign trade and ease exports to the European market, thereby increasing the food sector’s competitiveness

Dušan Lalić, President of the Leasing & Insurance Committee of the FIC

Continue Harmonisation With European Regulations

The stance of Serbia’s central bank regarding its consideration of reducing the capital required to conduct real estate leasing activities is encouraging and will enable financial leasing to become a driver of the real estate sector’s development

Milena Jakšić Papac, President of the HR Committee of the FIC (Karanović & Nikolić)

Continuing Reforms Is A Prerequisite For Creating New Jobs

Serbia has huge potential in the field of human resources, but it lacks the legal framework that would support this exceptional chance and contribute to fully utilising the potential of this market

Đorđe Popović, President of the Infrastructure & Industrialisation Committee of the FIC (Petrikić and Partneri a.o.d)

With The Right Partner To Increased Competitiveness

The public sector often lacks the expertise required to independently prepare and implement projects, which can be compensated for via the further encouraging of the development of public-private partnerships

Mihajlo Živković, President of the Legal Committee of the FIC (Societe Generale Banka Srbija)

Achieving Good Regulations In Dialogue With The Economy

The proponents of new laws and regulatory amendments should listen to the ideas, proposals and demands of the market, as that is the only way to achieve a proper overview of the best solutions and ensure good practical application

Ivan Gazdić, President of The Real-estate Committee of The FIC (Bojović, Drašković, Popović & Partners)

Cadastre In Focus

The FIC Real-Estate committee will continue to deal with the reform of the cadastre and its digitisation

Dragan Drača, President of the Taxation Committee of the FIC, (Pricewaterhouse Coopers)

Through Dialogue To More Efficient Tax Solutions

The Taxation Committee of the Foreign Investors Council has identified five priority tax problems in the previous period that are important for the entire business community and which, if resolved, could quickly yield visible results

Marko Jović, President Of The Telecommunications & IT Committee of The FIC

Liberalising Access To Fixed Infrastructure Is Key To Economic Growth

We expect the state to provide clear guidelines for the joint use of existing fixed telecommunication infrastructure, thereby freeing up this sector’s enormous development potential

Jelena Galic, AIK Bank CEO

Digitisation Is Obligatory For Successful Banks

With an awareness that there can be no market survival without the use of modern technology, AIK Bank adapted its digitisation strategy to the local market and the needs of users, primarily retail clients and small enterprises

Dell EMC Networking Solution

Dell EMC’s vision builds on our earlier success as a pioneer in disaggregating computing hardware and software, offering an open network ecosystem in which organisations can pick and choose from a selection of innovative, industry-standard network applications, network operating systems and network hardware

Goran Pekez, Corporate Affairs and Communications Director, JTI

Joint Efforts To Curb The Grey Economy

By investing in a new production line, we continue to invest in Serbia, which clearly shows our determination to continue with growth, development and employment. We encourage the efforts of the state to curb the grey economy and to raise citizens' awareness of the importance of paying taxes

Dejan Vukotić, Director of the Serbian Export Credit and Insurance Agency, AOFI

Competition Has Strengthened Us

The AOFI's goal is to increase the value of exports of domestic companies, increase the number of exporters, improve the quality of export products, advance the structure of Serbian exports and strengthen the position of companies on existing markets, but also entry to new markets. The result of everything should be a reduced foreign trade deficit, a strengthening of the balance of payments and the creation of conditions for the continuous growth and development of the Serbian economy

Marinko Ukropina, Managing Director at SGS Belgrade, Adriatic, Slovenia & BiH

No Respect For Standards – No Access To Global Chains

SGS, as a global leader, has increasing demands for the implementation of checks sought by major global companies at the locations of their potential or existing suppliers. It is very important for our companies to understand this trend, and to prepare for these checks on time. We can help them do that

Ivana Maraš, Solicitor, Aleksić & Associates

We Strive To Instantly Accommodate Our Clients’ Needs

Aleksić & Associates is one of the fastest-growing law firms in Serbia. Its clients range from financial institutions, commercial banks and insurance companies to major corporate and institutional clients. With over 197 legal and economic professionals, the company provides 24/7 services to its clients operating in SEE

Jelena Knežević, Certified Auditor, Managing Director, Leitner Leitner

IFRS 16 – Leases

Implementation of the new leasing standard IFRS 16 Leases will have a fundamental impact on lessees accounting records, while most aspects of lessor accounting will remain the same

National Day of Spain

Spanish Ambassador to Belgrade H.E. Miguel Fuertes Suárez hosted a reception marking the national day of this country and stressed that relations between Spain and Serbia are excellent. Read more

Donation of the Order of Malta

The donation ceremony was held in the largest library for the blind in the Balkans, where the Ambassador of the Order of Malta Alberto di Luca and the Ambassador of Taipei Representative office in Budapest, Andrew Chang, were introduced to the conditions in which the Union of Blind Serbia works. Read more

Presentation of the Ordre des Palmes Académiques

The Ordre des Palmes Académiques for the academics and cultural and educational figures of Serbia, who contribute to the strengthening of the relations between Serbia and France, were awarded... Read more

Beijing Design Week pays ‘homage to life’

The 2018 Beijing Design Week gets underway on September 29, with its opening ceremony set to take place at the China Millennium Monument. This year,...

Food attraction planned for Netherlands in 2021

A new attraction marketing itself as a “food experience” will open in 2021 in the Netherlands. The World Food Centre is being created to bring...

Old art in a digital era

Oracle-bone inscriptions

Germany to spend billions to stop China buying up vital tech firms

Senior German officials are working on changes to foreign trade regulations to ensure that key technologies remain in German hands. These would include government...

Rolls-Royce’ of whisky fetches record $1 million at auction

A rare bottle of single malt Scotch whisky has been sold for a record-breaking $1 million. With a label designed by a Beatles album artist the bottle is seen as a work of art — but that may not keep it from being drunk.

Japan drives forward with plans for flying cars

Electric drones booked through smartphones pick people up from office rooftops, shortening travel time by hours, reducing the need for parking and clearing smog...

Art

Contemporary Art Of Mongolia

Mongolia has a rich cultural and artistic tradition, which has been evolving from ancient times until today’s era of globalisation. Mongolian art is as rich and colourful as its nature, and as complex as its history

Fashion

Something In Between

The autumnal fashion of October is always “something in between”. Sometimes just in a sweater or jacket, sometimes in an overcoat, and often with a hat or cap on the head. Be prepared for beautiful autumn days, but don't let a little wind or rain spoil one of the most beautiful seasons for you

34th Belgrade Jazz Festival

25-29 Oct 2018

Berlin

The Most Enchanting Spots To Watch The Sunset

Berlin has lots to offer by day and by night, but the moments of sunset might be the most breathtaking. Berlin is not Barcelona, Miami or Rio. Most of the year the weather is poor. Berlinians don´t have beaches to hang out and they have to pack all their outdoor activities into some short weeks a year

How To Choose The Wine That Suits You Best

In Vino Veritas

Often, many of us are caught in a situation where we are looking at a wine list, wanting to order a particular kind of wine, but without knowing what to look for. But to learn the basic knowledge necessary to order wine, it is enough to be familiar with just nine wine styles
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