Business Finance

Ivan Leposavic takes over as CEO of Belgrade Stock Exchange

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

Read More
Business Economy Finance

Serbian Belgrade-to-Nis fast rail gets a second cash injection of EUR 175 mln from the EIB

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

Read More
Finance

IMF set to provide Serbia with EUR 2.4 bln in financing

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

Read More
Ecology Finance

Serbian alternative energy investments heating up

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

Read More
Economy Finance

Serbia facing interest rate hikes, inflation and a gas crisis; US in talks on strategic investment

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

Read More
Business Finance

Air Serbia posed to post a profit in 2022 off Russian travel

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

Read More
Finance

Balkan interest rates increases likely to hit twice by end-2022

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

Read More
Finance

Serbian investments booming, Russians arrive in wake of Putin draft

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

Read More
Economy Finance

Investment in Serbia sets records, despite EU resistance

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

Read More
Economy Finance

Investment in Serbia rolls forward in early September

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

Read More