Serbia’s current account deficit narrowed to 1.81 billion euro ($1.95 billion) last year, from 4.16 billion euro in 2022, reflecting an improved energy balance and robust growth in manufacturing and services exports, the central bank, NBS, said on Wednesday. The deficit shrank to 2.6% of GDP thanks to enhanced export capabilities, guaranteed energy security, and … Read more
About 2,400 companies from Serbia exported so-called CBAM (Carbon Border Adjustment Mechanism) goods to the European Union last year and 1,400 of them did so in the last quarter of 2023. These figures do not include only producers, but also traders or users of these goods, stated the Serbian Chamber of Commerce. The Serbian Chamber … Read more
The overall external trade in the Republic of Serbia for the period January- December 2023 amounted to: – USD 70772.5 million – which was an increase of 0.8% compared to the same period last year; – EUR 65491.3 million – which was a decrease of 1.7% compared to the same period last year. The value … Read more
Serbia’s current account deficit decreased to 1.12 billion euro ($1.22 billion) in the first eleven months of 2023, from 3.67 billion euro in the like period of 2022, the central bank said. The deficit in trade of goods fell 33% on the year to 5.68 billion euro in January-November, while the surplus in trade of … Read more
Serbia and North Macedonia have inked a Protocol for the implementation of a Memorandum on measures to enhance the movement of people and goods, significantly facilitating and accelerating traffic across their shared national border. The Protocol, signed in Niš, aims to speed up customs procedures conducted by the customs authorities at the joint Preševo-Tabanovce crossing, … Read more
Serbia has assumed one-year presidency over the Central European Free Trade Agreement (CEFTA). In the next year, it will focus, among other things, on the consolidation and boosting of the implementation of the agreement, the facilitation of the trade of goods and services between the parties to the agreement and digitization. For the Serbian economy, … Read more
The overall external trade in the Republic of Serbia for the period January- November 2023 amounted to: – USD 64785.4 million – which was an increase of 0.9% compared to the same period last year; – EUR 60004.6 million – which was a decrease of 1.6% compared to the same period last year. The value … Read more
According to the data collated by the Serbian Statistics Office (RZS), in the first nine months of this year, 59.5% of Serbia’s external trade was with the European Union – Demostat reports. As of October, the Serbian economy, despite the complex circumstances, managed to increase the export of goods by 7.2%, while at the same … Read more
Austrian investments in Serbia amount to EUR 3.6 billion, and 800 branch offices of companies from Austria operate in Serbia, securing 23,000 jobs, it was said at the Embassy of Austria in Belgrade, where the results of the survey carried out among the Austrian companies about the business climate in Serbia were presented. The trade … Read more
Serbia’s central bank said on Monday it signed a memorandum of understanding (MoU) with China’s central bank to establish yuan clearing arrangements in Serbia. “The MoU regulates intensive cooperation between the two central banks in the execution of transactions in Chinese yuan by banks in Serbia,” the central bank, NBS, said in a statement. The … Read more