Production, exports and investments of the most important economic branches are reduced

Both production and export of the most important economic branches in Serbia were reduced in 2022, and this trend continued this year as well.
The increasingly noticeable decline in domestic private investments, which were reduced to around seven percent of the national GDP in 2022, is the most worrisome trend.
According to the Biznis Top 2022/23 edition, the state policy, which is constantly (directed) at foreign investors, causing long-term damage to the most competitive part of the Serbian economy, is the biggest reason for this.
An increase by slightly less than a fifth annually, to 17,285.6 billion dinars, was shown by the domestic economy’s business income in 2022.
The total profit reached 864.2 billion dinars (increase by 25%). The Biznis Top edition published by the business monthly Biznis i Finansije (Business and Finance) reports that the total loss amounted to 3,906.5 billion dinars at the end of 2022 (4 percent up).
A list of the 150 largest companies in Serbia in 2022, according to generated profit and income, based on data from the Agency for Business Registers (APR), is published by Biznis Top.
5,172 billion dinars of revenue were generated by the leading one hundred companies, with only five companies that generated more than 20 percent of this amount.
A slight decline (0.3-0.4 percent) of total investments, an increase by more than 20 percent of foreign direct investments and a stagnation of public investments in real terms were recorded in 2022.
The analysis of the National Convention on the European Union demonstrated a fall of domestic private investments to around 7 percent of the national GDP.
Although companies are blamed by the government for fueling inflation with excessive price increases, companies in Serbia submitted an analysis of financial reports that shows that they can attribute only 1/10 of inflation growth to business income growing faster than expenses.
The National Convention on the EU reports that the retail sector, which managed to transfer the entire burden of growing inflation onto suppliers and shoppers, is an exception to this rule. That might indicate potential violations of the Law on the Protection of Competition in that sector.
The Petroleum Industry of Serbia (NIS) generated the highest earnings and operating income last year and became the absolute ‘winner’. The profit of NIS was increased by more than four times, to 93.5 billion dinars, and revenues by over 77 percent, to almost 500 billion dinars.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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