The Belgrade Stock Exchange appointed Ivan Leposavic as its new CEO, replacing Sinisia Krneta, who left the position last month after an eight-year tenure. Leposavic previously worked at International Finance Corporation (IFC), as EKI Investment Group. The Serbian Stock Exchange noted Leposavic’s experience and that he was a “seasoned professional,” and he assumed his role
Serbian rail development made yet another step forward with the European Investment Bank (EIB) having now signed off on the second tranche within a larger EUR 2.2. bln program to build a fast rail from Belgrade to Nis. EIB Vice-President Lilyana Pavlova noted the speed of the financing for the fast rail program. “As of
The Serbian government faced prodding by the International Monetary Fund (IMF) Monday, Nov. 2, to induce more stringent monetary and fiscal policy in the wake of slowing GDP growth—but this coming with the likelihood of a EUR 2.4 bln financing boost. Despite being a regional winner with a still-growing economy, Serbia is likely to come
The Serbian alternative energy manufacturing market is heating up with a new, EUR 6.5 mln biomass plant commencing operations in Novi Pazar this month, as well as with the announcement of the country’s first solar panel production plant to be put into operation by startup Domi Eko, reportedly. The biomass plant has come through a
Serbians were buffeted by tough economic news Thursday (Oct. 6) with reports that the Central Bank would likely set interest rates to a five-year high in order to slow inflation when only one day earlier Serbian President Aleksandar Vucic warned that Serbian has only three months in terms of gas reserves—indicating that the energy crisis
Serbia has now gone all in—or almost all in—when it comes to Air Serbia, with the government having raised its stake to 83.58 percent last month through a purchase of 1,818,820 shares for a value of USD 15.2 mln. The Serbian government now holds USD 110 mln in shares, as cited by simplyflying.com, with Etihad
Serbs may need to be wary re market shocks—especially where mortgages are concerned—as the European Central Bank (ECB) has at least two interest rate increases planned by the end of 2022, according to officials from the ECB and regional bank officials. The topic was broached during a summit of Balkan finance ministers, bank heads and
Despite tumultuous world events, investment in Serbia has showed no signs of slowing with logistics centers, real estate investments and manufacturing going full speed head. Simultaneous with news that thousands of Russians—many of them IT specialists—are fleeing Russia in the wake of a new mobilization for the war in Ukraine, the Serbian economy has continued
The surreal reality of business in wartime with an aspiring-EU member-yet-somehow neutral border state was made evident over the weekend with worries over an eventual “total” cut off of Russian gas, accusations that the EU is threatening to scupper business in Serbia, but still more announcements from production plants eager to move to Serbia no
Early September has seen a plethora of new business deals, with Serbia increasingly seen to be an attractive investment target for investors from the EU and beyond. New investment meals include that of Greiner Packaging acquiring Serbian ALWAG, supermarket chain Lidl having invested in a new logistics center and also government moves to strengthen cooperation
