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
The overall external trade in the Republic of Serbia for the period January-October 2023 amounted to: – USD 58781.3 million – which was an increase of 0.5% compared to the same period last year; – EUR 54411.1 million – which was a decrease of 1.6% compared to the same period last year. The value of … Read more
In 2022, most of the most important economic branches in Serbia reduced both production and export, and this trend continued this year as well. The most worrisome trend is the increasingly noticeable decline in domestic private investments, which in 2022, were reduced to around seven percent of the national GDP. “The biggest reason for this … Read more
The Serbian Finance Ministry said on Wednesday that three Chinese-owned companies are the country’s biggest exporters. It named Zijin Mining (957.1 million Euro worth of exports), Zijin Copper (633.5 million Euro) and the HBIS Group which owns the Smederevo steel plant (458.9 million Euro) as the biggest exporters. The Finance Ministry said that the 15 … Read more
Radio Free Europe said on Wednesday that a number of Serbian companies have been earning millions by exporting goods to Russia, bypassing Western sanctions. RFE said that it had access to data on more than 14,000 shipments of various goods to Russia after its invasion of Ukraine which showed that millions of Dollars worth of … Read more
(Photo: Gerd Altmann/ Pixabay) The estimates are that, at the end of this year, the exports of the sector of information-communications technologies of Serbia will amount to close to EUR 3.8 billion, stated the minister of information and telecommunications of Serbia, Mihailo Jovanovic. At the opening of the tenth BIZIT conference, Jovanovic emphasized that the … Read more