NEWS

According to 57.4 percent of companies in the trade sector, the business climate in the first quarter of 2025 has worsened compared to the previous quarter. 37.3 percent assess it as unchanged.

As he Serbian Chamber of Commerce survey on the business activity of the domestic economy shows, 18.1 percent of companies expect business climate to worsen in the second quarter. Nearly 47 percent expect it to remain unchanged.

Also, turnover of 54.2 percent of trade companies dropped in in the first quarter of 2025 compared to the previous quarter, while business turnover of 29.3 percent was unchanged. Turnover of 16.5 percent of respondents even increased compared to the previous quarter. 51.3 percent have high expectations concerning the level of turnover in the second quarter.

As the Statistical Office of the Republic of Serbia reports, there were totally 370,285 employees in retail and wholesale trade and real estate activities in the fourth quarter of 2024 (an increase of 0.1 percent compared to the same quarter of 2023, 15.9 percent of total employment in Serbia).

Retail trade (211,123) and wholesale trade, excluding motor vehicles and motorcycles (117,528) have most employees. Real estate activities have least employees (9,201), with the highest year-on-year percentage increase in employment (0.5 percent).

Employment levels have remained unchanged for nearly 74 percent of companies in the trade sector in the first quarter of 2025.

Also, wholesale trade, excluding motor vehicles and motorcycles, offers the highest average salary (3.9 percent higher than the national average) with a real growth of 8.2 percent.

Notably, real estate activities offer salaries 4.5 percent lower than the national average, wholesale and retail trade and vehicle repair offer salaries 21.9 percent lower. Only retail salaries exceeded the national average by 29.7 percent.

Also, a net inflow of foreign direct investment (FDI) of 117 million euros from resident investments was recorded in wholesale and retail trade and real estate activities in the fourth quarter of 2024. Particularly wholesale trade demonstrated the highest level of non-resident investment activity (54.3 million euros), then followed and retail trade, excluding motor vehicles and motorcycles (35.9 million euros). Opposingly, real estate activities showed the lowest net FDI inflow (9.2 million euros).

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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The exports of Georgia (excluding non-declared exports) attained USD 3 845.1 million in January-July 2025 (9.0 percent higher year-on-year). The domestic exports had the share of 45.3 percent in the total exports and reached USD 1 742.8 million (2.7 percent higher to the same period of 2024).

The first place in the list of top domestic export items in the reporting period belonged to precious metal ores and concentrates (USD 202.9 million, or 11.6 percent of total domestic exports). 8.3 percent of the total domestic exports was accounted for wine of fresh grapes (USD 144.8 million). The third place was taken by the domestic exports of spirituous beverages (USD 122.3 million, 7.0 percent of the total domestic exports).

The top ten trading partners by domestic exports in the reporting period had the share of 70.8 percent in the total domestic exports of Georgia. They were Russia (USD 385.6 million), Türkiye (USD 175.2 million) and China (USD 168.8 million).

They will revise the preliminary data according to the Geostat’s revision policy (based on the regular revision principle) and adjust it by respondents/administrative sources.

Exports of goods produced in the country, as well as imported from abroad, the value of which has significantly changed as a result of domestic processing, are included into domestic exports.

NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.

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According to the Office for Information Technologies and eGovernment, Serbia’s information and communication technologies (ICT) exports increased by 14% on the year in January – June 2025 and reached 2.217 billion euro ($2.592 billion).

As the office said in a press release on Thursday, only in June ICT exports grew up by an annual 17% to 381 million euro.

In the first six months of 2025, the trade surplus in ICT services reached 1.750 billion euro, as per the statement.

In the previous year, Serbia’s revenue from ICT exports attained a record 4.13 billion euro, up by 20% from the prior year.

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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The aim of the fourth meeting of the Kazakh-Serbian Intergovernmental Commission (IGC), held in Almaty on August 8 Kazakhstan and Serbia was to strengthen cooperation in agriculture, tourism, and transport following between the two countries.
Kazakhstan’s Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, and Serbia’s Deputy Prime Minister and Minister of Internal Affairs Ivica Dacic co-chaired the meeting.
Key areas for expanding bilateral ties Zhumangarin were trade, transport, agriculture, healthcare, tourism, science, biotechnology, education, and culture.
In January- June 2025, turnover of agricultural products reached $4mn (1.5 times increase), especially exports of grain and legumes, vegetable oils, fish, meat, and dairy products to Serbia.
As Vice Minister of Agriculture Yermek Kenzhekhanuly noted, there are 20 Kazakh enterprises supplying pike perch fillet and other fish products in the EU register now, and four major producers are ready to begin honey exports to Europe.
Aquaculture products and horse meat are also waiting for EU approval.
Joint investment projects in processing livestock and plant products, as well as research cooperation in seed production, field testing of various crops, development of joint hybrids, and production of biopesticides are proposed by Kazakhstan.
Another major focus was tourism cooperation. According to Vice Minister of Tourism and Sports Yerzhan Yerkinbayev, there is a project of a multifunctional hotel complex in Belgrade.
As Yerkinbayev said, academic partnerships between the International University of Tourism and Hospitality in Turkestan and Singidunum University in Belgrade would include student and faculty exchange programs, joint research, and participation in the Kazakhstan International Tourism and Travel Exhibition in April 2026.
The sides also discussed transport connectivity, particularly the extension of the Trans-Caspian International Transport Route to Serbia. SCAT Airlines are planning to launch direct flights between Astana and Belgrade this year, with potential onward routes to Morocco, Tunisia, Barcelona, and Larnaca.
Another agreement was to hold a trade and economic mission to Serbia and the first Kazakh-Serbian business council later this year.
In conclusion of the meeting they signed a protocol formalizing the agreements reached. The sides will meet again in Serbia in 2026.
The only Serbian institution with UNWTO’s TEDQUAL certification and is ranked among the top 600 European universities by the QS Europe University Rankings 2025 is Singidunum University. One of its functions is the UNWTO’s regional reference library for tourism, housing one of the largest tourism literature collections in the Balkans.
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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