Economy – Serbia Monthly

EU agrees to EUR 165 mln to help vulnerable Serbian households and businesses

by Editor
2023-02-15

Maybe it’s a stick and carrot game, but Serbia did receive a significant carrot Wednesday, Feb. 15, with grants from the European Union (EU) in the form of an energy package valued at EUR 165 mln, which will primarily be geared toward households and small-medium businesses. “[…] I witnessed today [Serbia Minister of European Integration] […]

Business Economy

Serbian core inflation hits 15 percent year-on-year; projected to peak in Q1 2023, says National Bank

by Editor
2023-01-02

Average Serbian inflation currently stands at 4 percent, up from the pre-COVID levels of 2 percent, according to an end-of-the-year report released by the National Bank of Serbia, although core inflation has hit the 9 percent average, with November hitting the 15.1 percent mark. “In November inflation stood at 15.1 percent year-on-year,” the report states, […]

Business Economy

Air Serbia announces a second U.S. route, will fly to Chicago as of May 17, 2023

by serbia
2022-11-17

Air Serbia will launch direct flights between Belgrade and Chicago (O’Hare International Airport – ORD) starting on May 2023, thus restarting the route after a 30-year hiatus while also continuing to expand its operations in the United States market. “After more than three decades, the JU 506/507 flight will mark the return of the national […]

Business Economy

Slovakian electric vehicle battery producer Inobat gets Serbian grants for local production facility

by serbia
2022-11-14

Slovak Electric vehicle battery producer and “pioneer” InoBat Auto is furthering its plans to push production in Serbia, according to a press releases and media, with this appearing to follow in the footsteps of long-planned investment in the sector by global mining group Rio Tinto. Back in July of 2021 global mining group Rio Tinto […]

Business Economy

Air Serbia sets records for charter flights in 2022

by serbia
2022-11-09

Air Serbia boasted the “best charter season since 2013,” noting that since the beginning of 2022 the Serbian national airline has operated a total of 2,646 charter flights and has transported a total of more than 300,000 passengers, which is also be best result since the company began operating under the name of Air Serbia. […]

Business Economy

GlobalGlass to expand production through Serbian acqusition

by serbia
2022-10-25

Swiss-based GlobalGlass, the parent company of Slovenian Steklarna Hrastnik glass works will be soon acquiring Serbian glass producer SFS Paraćin, according to the Slovenian news website www.sta.si, “The takeover is yet to be approved by regulators and should be completed by the end of the first quarter of 2023,” the site said. Although the acquisition […]

Economy

Serbia still benefiting from FDI, GDP growth

by serbia
2022-10-21

Serbia continues to benefit from rapid economic growth, leading the Balkans with predicted GDP growth of between 3.5 and 4 percent, which is roughly on part with current EU members—although 2023 remains a serious question for all. The growth rate is an under-the-radar success story, riding in part on the back of continued investment in […]

Economy

German IGB to open new plant in Lajkovac, will employ 200

by serbia
2022-10-19

German car parts manufacturer IGB Automotive will launch production in Serbia’s Lajkovac through its subsidiary, IGB Automotive Serbia, in early November, stated Serbian officials on Wednesday, Oct. 19, according to various local news outlets. This is the third such production line, with IGB having opened first a plant in Indija in the Vojodina province, according […]

Economy

German aero engine manufacturer MTU opens new maintenance center in Nova Pazova; will employ 400

by serbia
2022-10-12

German aero engine manufacturer opened a the new MTU Maintenance Serbia in Nova Pazova near Belgrade in early October, drawing both the attention and the attendance of Serbian President Aleksandar Vucic, who labelled the opening as one of the most “significant investments in our country.” “When a giant such as MTU decides to expand its […]

Economy Politics

Serbia shocked by Orban revelation; oil sanctions–and then there is Dodik

by serbia
2022-10-10

The ups and downs of Serbian international relations were on show over the October 8-9 weekend, with head-butting evident between Serbia and Croatia; potential head-butting with the US over revelations that the Bill Clinton administration wanted Hungary to at one time invade Serbia and then the unknown wild card of Milorad Dodik, who is vying […]

EU agrees to EUR 165 mln to help vulnerable Serbian households and businesses

Serbian core inflation hits 15 percent year-on-year; projected to peak in Q1 2023, says National Bank

Air Serbia announces a second U.S. route, will fly to Chicago as of May 17, 2023

Slovakian electric vehicle battery producer Inobat gets Serbian grants for local production facility

Air Serbia sets records for charter flights in 2022

GlobalGlass to expand production through Serbian acqusition

Serbia still benefiting from FDI, GDP growth

German IGB to open new plant in Lajkovac, will employ 200

German aero engine manufacturer MTU opens new maintenance center in Nova Pazova; will employ 400

Serbia shocked by Orban revelation; oil sanctions–and then there is Dodik

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Craig Smith

Daryl Fidelak