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
Truck traffic is intensive at some of the border check points with Romania, Greece and Serbia, the Directorate General for Border Police have announced on their website. On the border with Romania traffic is heavy at the border check points at Vidin, Oryahovo, Nikopol and Kardam, at the exist for trucks. On the border with … Read more
The overall external trade in the Republic of Serbia for the period January 2024 amounted to: – USD 5266.1 million – which was a decrease of 3.3% compared to the same period last year; – EUR 4817.3 million – which was a decrease of 4.9% compared to the same period last year. The value of … Read more
The recent meeting between Azerbaijan’s Minister of Labor and Social Protection of Population and Co-Chair of the Intergovernmental Commission on Trade and Economic Cooperation, Sahil Babayev, and Serbia’s Ambassador to Azerbaijan, Dragan Vladisavljević, highlights the growing momentum in bilateral relations between the two nations. Against a backdrop of shared strategic interests and mutual respect, Azerbaijan … Read more
Serbia’s biggest exporters in 2023 were three companies owned by Chinese companies – Zijin Mining, Zijin Copper and the HBIS Group, said the Serbian Ministry of Finance. Goods and services worth seven billion euros were exported by the 15 biggest exporters in Serbia. The exports of Zijin Mining from Brestovac amounted to 1.15 billion, of … Read more
Serbia attracted 4.2 billion euro ($4.5 billion) in net foreign direct investment (FDI) last year, slightly less than the 4.33 billion euro it absorbed a year earlier, the country’s central bank said. Net FDI fully covered the current account deficit for a ninth year in a row, the central bank said in a statement last … Read more
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