Business Ecology Economy

Serbian government signs MoU with Chinese Zijin Mining; USD 3.8 bln in investment promised

Chinese mining group Zijin Mining signed a memorandum of understanding (MoU) with the Serbian government that will see it follow up on previous copper mining investments with plans to invest a total of up to USD 3.8 bln in Serbia. The group will continue to invest in copper mining, but it also will invest in

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Economy

Serbia to keep Hungary supplied with gas if Ukrainian-Russian transit deal ends

The next couple of winters may be cold, and natural gas may be scarce in Western Europe should Ukraine terminate a gas transit deal with Russia when it expires in 2024. And while it may seem bizarre to consider that a natural gas transit agreement indeed is still honored between two countries bitterly at war,

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Business Economy Politics

Serbian government expecting more than EUR 12 bln in investment projects for EXPO27

Serbia is counting on dramatic attendance during the planned EXPO27, with the government projecting more than EUR 12 bln in investment projects and Finance Minster Sinisa Mali harping back to former US President Franklin Roosevelt’s New Deal. “Like when Roosevelt launched the New Deal, we are planning to invest between EUR 12 bln and EUR

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Economy

US State Department notes positives in Serbian investment climate statement

The US State Department released its 2023 investment climate statement on Serbia, and positive takeaways includes the Serbian government making foreign direct investment a priority, low labor costs and high standards of English. “U.S. investors are generally positive about doing business in Serbia due to the country’s strategic location, well-educated and English-speaking labor force, competitive

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Ecology Economy

Solar investment still ramping up in Serbia with new farms on the way

Serbia appears to still be going all-in on Solar, with more solar farms in the start-up phase or destined to come on line, such as a farm in Kovin and a possible investment in Leskovac. This week Leskovac Mayor Goran Cvetanovic highlighted meetings with Danish Europoean Energy, which is discussing the potential of building a

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Economy Politics

Serbian Prez Vucic up for buying Montenegrin LNG to aid in energy diversification

Serbia and Montenegro appear to be on track to better relations, with Serbian President Aleksandar Vucic noting that differences can now be discussed in “civilized” fashion, but at the heart of discussions may be further energy independence, with local media noting Serbia’s plans to buy Montenegrin LNG. Following meetings in Belgrade Monday, July 10, Vucic

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Economy

Serbia bucking trends; IMF noting economic gains, FDI inflows

With other countries facing contractions due in part to the war in Ukraine, Serbia appears to still be bucking expectations, with the International Monetary Fund (IMF) noting “impressive gains” in an overview released July 5. “Serbia has made impressive economic gains over much of the past decade: living standards improved, inflation fell, public finances were

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Business Economy

Delays at Nikola Tesla airport to be rectified through the addition of more employees, says Serbian gov

Responding to a large number of delays at the Belgrade Nikola Tesla Airport, Minister of Infrastructure Goran Vesic stated that 30 more employees have been hired and that they will begin work on Saturday, July 7. The statement comes, following complaints by Air Serbia, whose officials have stated that the primary reason for delays has

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Economy Politics

Serbia gets boost from the EU in the form of EUR 200 mln

Serbia will receive yet another shot in the arm in the form a a EUR 200 in financial aid, with much of this coming from an EU grant of 162 mln, with funds designated primarily for waste-water treatment and new sewer construction. Serbian Minister of EU Integration Tanja Miscevic signed the agreement June 22 with

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Economy

Serbian budget deficit less than expected over first four months of the year; region to see dip in GDP growth

Political turmoil may have been the norm in May, but the Serbian government apparently has kept its eye on the ball with regard to the economy, as unlike many countries in the region, Serbia saw its state budget deficit come in lower than expected over the first four months of the year. To be sure,

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