Serbia recorded a current account deficit of 2.624 billion euro ($2.587 billion) in the first seven months of 2022, versus a 900 million euro deficit in the like period of last year, the central bank said. Trade in goods was in deficit of 5.302 billion euro in January-July, while trade in services recorded a surplus … Read more
The local company Transfera has officially opened one of the biggest logistics centers in the region, in the industrial zone in Novi Banovci, near Belgrade. This is an investment worth EUR 14 million and a facility with an area of 30,000 m2, which was completed in a record nine months. The plans of the company, … Read more
The Government of Serbia has adopted the Decision on the permit to export wood briquettes, as announced on the government’s official website. In the past years, the majority of the briquette production has been exported to the EU market, considering that the demand in the local market is low. Let us remind that, at the … Read more
Serbia’s President Aleksandar Vucic said the country’s finances were resilient enough to secure alternatives to Russian energy to tackle supply shortages expected over coming months, Reuters reported. Vucic said Serbia was seeking fuel supplies wherever it could. “We have to pay the price of the war on European soil,” he said, but added the people … Read more
Serbia will need EUR 3 billion to secure enough energy for the coming winter, said Zorana Mihajlović, Serbian Deputy Prime Minister and Minister of Mining and Energy. The import of natural gas and electricity cost Serbia EUR 1.65 billion last winter. According to Zorana Mihajlović, the state is doing everything to ensure sufficient amounts of … Read more
(Photo: branislavpudar/shutterstock.com ) The Government of Serbia today lifted the ban on all types of oil, as announced by the Ministry of Agriculture. The decision was made after a full insight into the state of the stock, but also the record areas covered by sunflower plantations, the announcement says. It is added that the competent … Read more
The value of the trade exchange between the two countries is constantly rising The Saudi Food and Drug Authority has approved import of beef, milk and dairy products from Serbia, the Ministry of Agriculture, Forestry and Water Management has confirmed. At a recent meeting with representatives of this authority, Serbian Minister of Agriculture Branislav Nedimovic … Read more
(Photo: wrangler/shutterstock.com) Serbia’s foreign trade in goods in the first half of this year amounted to around EUR 32 billion, 38.3% more when compared to the same period in 2021, the Statistical Office of the Republic of Serbia announced today. Goods have been exported in the value of EUR 13 billion, which marks a growth … Read more
Egypt and Serbia on Wednesday agreed to expand political, economic and other cooperation as the two countries seek ways to deal with the global consequences of the situation around Ukraine, AP reported. Egyptian President Abdel-Fattah el-Sisi was in Serbia for a three-day visit this week. This is the first visit by an Egyptian president in … Read more
A Belgrade-based economic bulleting reported on Monday that Serbia’s external trade deficit stood at more than a billion Euro in May 2022, the highest ever recorded. “Serbia had the highest every monthly external trade deficit of 1.141 billion Euro in May … with exports to import ratio standing at 73 percent compared to the average … Read more