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Zentiva Srbija – Recipient Of The Global Acknowledgement Great Place To Work®

Behind the Zentiva Serbia team stands a unique development story, whose excellence is a reflection of trust, respect and support. This has now been...

Doinita Mihai, Vice President Of Public Affairs, Eastern Europe South, TOMRA

Developing Deposit-Return Systems

Topics like climate change, land and marine pollution, and dependence on fossil fuels amid increasing demand for resources from a growing population all represent...

AstraZeneca

AstraZeneca And Urban Beekeeping

As a socially responsible company, AstraZeneca has joined the urban beekeeping project in Belgrade that is being implemented in cooperation with the Nordic Business...

Vladimir Mitić, CEO, Visa Prom d.o.o. (Ltd.)

Respecting Nature, Nurturing Quality

Visa-Prom, one of the largest primary wood processors in the Republic of Serbia, which has been operating successfully since 1992, this year marks the...

Lindström

Why Buy When You Can Rent?

Finnish company Lindstrom has been present on the Serbian market for the last eight years and provides rental services for workwear and uniforms, as...

Iosif Vangelatos, General Manager, INOS Balkan

Steady Growth Despite Pandemic

We feel that there is positive momentum for the metal recycling market. Yet, more efforts are needed when it comes to application of the rule of law, transportation infrastructure, the free movement of goods and the regulating of financial services.

The broad scope and complexity of waste management makes it difficult to identify one unique recycling market. When assessing the recycling industry, one must always consider its diversified segments, as well as the different markets that those segments represent, notes INOS BALKAN General Manager Iosif Vangelatos.

“Our strategic placement is definitely the metal recycling sector. Despite the COVID-19 Pandemic, we are witnessing steady growth in terms of the size of the market, which is corresponding to the growth of the country’s GDP. More than 600,000 MT of metallic secondary raw materials are being collected and recycled in Serbia, while a huge increase in capital investments is leading the sector’s capacity building efforts. On the other hand, the increased prices of metal commodities are creating higher needs for working capital in an anyhow capital-intensive market. Many firms are already facing liquidity problems and we expect this factor to determine the industry’s competitive landscape for the coming period,” explains our interlocutor.

Do you consider the institutional framework regarding the environmental protection and circular economy as enabling for the development of the sector?

The harmonisation of Serbia’s legislative framework governing environmental protection and the circular economy with the EU acquis is particularly challenging, but the road is well mapped and required financing is already available. Moreover, the Serbian government is gaining momentum when it comes to strategy formation and strategy deployment, and is rapidly making up for the delays of previous years. The very issue of implementing regulations and implementation control remains a major challenge. The Serbian authorities must establish simplified administrative procedures to facilitate new investments, while at the same time to address all industry players with the message that a rigorous inspection system has been enabled in order to ensure environmental protection and fair competition.

The Serbian authorities must establish simplified administrative procedures to facilitate new investments, while at the same time addressing all industry players with the message that a rigorous inspection system has been enabled in order to ensure environmental protection and fair competition

How does your company contribute to the work of the FIC and in which areas do you seek FIC support?

The FIC is a voice of the business community in the country. Since the early years of the operations of our Group in the country, we realised the importance of such an organisation when it comes to achieving a predictable and sustainable business environment, where there is a level playing field for all stakeholders. Our firm seeks FIC support in all cases where the basic principles of free trade are violated and competition is not free. We participate actively in the infrastructure and real estate committee, as well as in the preparing of the environmental chapter of the annual FIC White Book.

What do you see as key preconditions to ensure that your company continues to thrive in Serbia?

Our engagement on the Serbian market is of strategic importance to our group. We have been active in the country since 2004, while the acquisition of Inos Balkan occurred in 2006. Since then, we have witnessed the efforts of the country to achieve political stability and sustainable financial development. The challenges ahead of us are huge, but we feel that the momentum is positive. Certain attention must be paid to applying the rule of law, transportation infrastructure, the free movement of goods and the regulating of financial services. Finally, but importantly, demographic changes and the corresponding lack of skilful employees could potentially burden the further development of our organisation.

Zentiva Srbija – Recipient Of The Global Acknowledgement Great Place To Work®

Behind the Zentiva Serbia team stands a unique development story, whose excellence is a reflection of trust, respect and support. This has now been...

Doinita Mihai, Vice President Of Public Affairs, Eastern Europe South, TOMRA

Developing Deposit-Return Systems

Topics like climate change, land and marine pollution, and dependence on fossil fuels amid increasing demand for resources from a growing population all represent...

AstraZeneca

AstraZeneca And Urban Beekeeping

As a socially responsible company, AstraZeneca has joined the urban beekeeping project in Belgrade that is being implemented in cooperation with the Nordic Business...

Vladimir Mitić, CEO, Visa Prom d.o.o. (Ltd.)

Respecting Nature, Nurturing Quality

Visa-Prom, one of the largest primary wood processors in the Republic of Serbia, which has been operating successfully since 1992, this year marks the...

German Ambassador Konrad Visits The City Of Pirot

The Ambassador of the SR of Germany in Serbia, Anke Konrad, visited the city of Pirot, where, in addition...

Uzice To Become The Cultural Capital Of Serbia In 2024

The working group for the preparation and implementation of the "Cultural Capital of Serbia" program has chosen the city...

Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU

Kosovo and Serbia reached a deal on Wednesday to end a nearly two-year dispute over car licence plates in...

Foreign Investors Council Presented The White Book 2022

In the year when the Foreign Investors Council (FIC) marks the 20th anniversary of its establishment and operation, the...

Address By Josep Borell After The Meeting With Vučić And Kurti

EU High Representative for Foreign and Security Policy Josep Borell addressed the public after a meeting with Serbian President...

German Ambassador Konrad Visits The City Of Pirot

The Ambassador of the SR of Germany in Serbia, Anke Konrad, visited the city of Pirot, where, in addition...

Uzice To Become The Cultural Capital Of Serbia In 2024

The working group for the preparation and implementation of the "Cultural Capital of Serbia" program has chosen the city...

Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU

Kosovo and Serbia reached a deal on Wednesday to end a nearly two-year dispute over car licence plates in...

Foreign Investors Council Presented The White Book 2022

In the year when the Foreign Investors Council (FIC) marks the 20th anniversary of its establishment and operation, the...

Address By Josep Borell After The Meeting With Vučić And Kurti

EU High Representative for Foreign and Security Policy Josep Borell addressed the public after a meeting with Serbian President...

German Ambassador Konrad Visits The City Of Pirot

The Ambassador of the SR of Germany in Serbia, Anke Konrad, visited the city of Pirot, where, in addition...

Uzice To Become The Cultural Capital Of Serbia In 2024

The working group for the preparation and implementation of the "Cultural Capital of Serbia" program has chosen the city...

Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU

Kosovo and Serbia reached a deal on Wednesday to end a nearly two-year dispute over car licence plates in...

Foreign Investors Council Presented The White Book 2022

In the year when the Foreign Investors Council (FIC) marks the 20th anniversary of its establishment and operation, the...

Address By Josep Borell After The Meeting With Vučić And Kurti

EU High Representative for Foreign and Security Policy Josep Borell addressed the public after a meeting with Serbian President...
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