Finance – Serbia Monthly

Finance

IMF set to provide Serbia with EUR 2.4 bln in financing

by serbia
2022-11-03

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 […]

Ecology Finance

Serbian alternative energy investments heating up

by serbia
2022-10-20

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 […]

Economy Finance

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

by serbia
2022-10-06

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 […]

Business Finance

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

by serbia
2022-10-05

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 […]

Finance

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

by serbia
2022-10-04

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 […]

Finance

Serbian investments booming, Russians arrive in wake of Putin draft

by serbia
2022-09-22

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 […]

Economy Finance

Investment in Serbia sets records, despite EU resistance

by serbia
2022-09-19

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 […]

Economy Finance

Investment in Serbia rolls forward in early September

by serbia
2022-09-13

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 […]

Finance

Serbian Raiffeisen bank merger with Credit Agricole and CA Leasig on track

by serbia
2022-09-05

The takeover of Serbia’s Credit Agricole and CA Leasing by Raiffeisen Bank is well under way, with the merger scheduled to be complete by mid-2023. The bank stated originally on Aug. 6, 2022 that its Serbian subsidiary, Raiffeisen banka a.d. Beograd, signed an agreement to acquire 100 per cent of the shares of Crédit Agricole […]

Finance

OTP banka Srbija enables contactless payment via Google Pay

by serbia
2022-08-24

The service is available for OTP banka´s Mastercard users starting August 23 on Android mobile phones and smart watches that support NFC technology.Users will be able to store debit cards for Google Pay within Google Wallet, a digital wallet that is also launching in Serbia today. All that is required for installation is to add […]

IMF set to provide Serbia with EUR 2.4 bln in financing

Serbian alternative energy investments heating up

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

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

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

Serbian investments booming, Russians arrive in wake of Putin draft

Investment in Serbia sets records, despite EU resistance

Investment in Serbia rolls forward in early September

Serbian Raiffeisen bank merger with Credit Agricole and CA Leasig on track

OTP banka Srbija enables contactless payment via Google Pay

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Craig Smith

Daryl Fidelak