Serbian logistics services provider Transfera said it has signed an agreement with the local subsidiary of Austria’s OBB Rail Cargo Group (RCG) to establish a joint company in Serbia. The new company, to be based in Belgrade, will primarily focus on the development of intermodal logistics solutions, Transfera said in a press release on Thursday. … Read more
Serbia is set to become a net exporter to Germany by 2025, overtaking its imports from the economic powerhouse, according to a recent study by the German-Serbian Chamber of Commerce (AHK Serbia). Conducted throughout February and March, the research underscores Serbia’s emergence as one of Germany’s top 50 most significant trading partners, a testament to … Read more
Serbia and Albania saw a notable boost in trade exchange, hitting 311.4 million euros in 2023, an 8% increase from the previous year. Exports from Serbia to Albania surged to 239.5 million euros, up by 11.6%, while imports slightly decreased to 71.8 million euros, resulting in a surplus of 167.7 million euros. This uptick underscores … Read more
Presidents Xi Jinping and Aleksandar Vucic shake hands in a signing ceremony in Belgrade. Photo: Reuters President Xi Jinping said on Wednesday that a free trade agreement between China and Serbia will take effect on July 1. It is one of six measures announced by the president to support the building of a China-Serbia community … Read more
The overall external trade in the Republic of Serbia for the period January-March 2024 amounted to: – USD 17715.6 million – which was a decrease of 1.2% compared to the same period last year; – EUR 16306.3 million – which was a decrease of 2.6% compared to the same period last year. The value of … Read more
Serbia’s IT exports increased by 22% year-on-year in the first two months of 2024, the telecommunications ministry said. The country’s ICT exports amounted to 609 million euro ($649.4 million) in the first two months of the year, the ministry said in a LinkedIn post during the weekend. The ICT sector is one of Serbia’s fastest … Read more
Egyptian President Abdel Fattah Al-Sisi and his Serbian counterpart Aleksandar Vucic on Wednesday reaffirmed their strong historical ties and commitment to further strengthening bilateral relations. The two leaders spoke by phone, discussing a range of issues including regional developments, particularly the ongoing situation in the Middle East. Al-Sisi emphasized the urgency of an immediate ceasefire … Read more
The Minister of Trade of Serbia, Tomislav Momirović, said that in the period from 2014 to 2023, direct foreign investments from China in Serbia amounted to about 5.5 billion dollars, which places China on the list of the 10 largest investors in the Serbian economy, and individually, it finds is in another place. After the … Read more
The overall external trade in the Republic of Serbia for the period January-February 2024 amounted to: – USD 11459.2 million – which was an increase of 1.7% compared to the same period last year; – EUR 10550.3 million – which was an increase of 0.6% compared to the same period last year. The value of … Read more
A new international freight train route linking Shijiazhuang, capital of north China’s Hebei Province, with Belgrade, Serbia’s capital city, began operations on Thursday. The cargo train will travel approximately 10,200 km over roughly 20 days, starting at the Shijiazhuang International Land Port and passing through the Alashankou Port in northwest China’s Xinjiang Uygur Autonomous Region … Read more