The Serbian economy is projected to expand by 3.4 percent this year and by 3.8 percent in 2023, compaed to the strong rebound of 7.4 percent in 2021, the European Commission said on Monday in its Spring 2022 Economic Forecast. “Growth is expected to be mainly driven by private consumption and investment, but dampened by … Read more
The Serbian government decided on Wednesday to allow the free export of flour, lifting its export ban introduced over the Ukraine crisis. A government statement said the market was well supplied with flour and wheat, adding that exports can’t jeopardize supplies. It said that the exports will free storage space for the new harvest and … Read more
Serbia’s foreign trade deficit widened by 115% on the year in the first three months of 2022, reaching $3.058 billion (2.892 billion euro), the country’s statistical office said on Friday. The country’s exports increased by 20% year-on-year to $6.986 billion in the January-March period, while imports went up by 38% to $10.044 billion, the statistical … Read more
The prime minister of Serbia, Ana Brnabic, said that, in January and February 2022, exports of information and communications technology services amounted to EUR 347 million. – Great news: in January and February this year, exports of ICT services of EUR 347 million were recorded (42.7% more than in the same period last year) – … Read more
The Serbian government decided on Wednesday to allow limited exports of grain, flour and cooking oil. A press release said that the government decided to introduce quantitative restrictions on the export of wheat, wheat flour, corn, groat and sunflower oil on a monthly basis and for a specific period of time. “The Government of Serbia … Read more
Serbia will will resume exports of maize and wheat to North Macedonia, the Serbian government said, partially relieving its ban on exports of basic foodstuffs caused by the war in Ukraine. Serbian wheat and maize exporters that have contracts with companies in North Macedonia will be allowed to fulfil their contractual obligations, the government said … Read more
Serbia’s export totaled 3.7 billion Euro in the first two months of 2022, the Republic Statistics Office (RZS) said on Thursday. It said that exports were 26.8 percent higher than in the same period a year earlier and added that imports rose by 51.7 percent to stand at 5.5 billion Euro. Serbia’s total foreign trade … Read more
The goods from Serbia to Russia continue to flow despite a decrease in total exports amid difficulties caused by Western sanctions, Bojan Stanic, assistant director of the Serbian Chamber of Commerce, told Sputnik, the latter reported. “Despite the existing difficulties, the delivery of products to Russia and payments are functioning. Many companies with predominant EU … Read more
The delegation of the mission of the International Monetary Fund (IMF), which is visiting Serbia, led by Jan Kees Martijn, has talked to representatives of the Chamber of Commerce of Serbia (CCIS) about macroeconomic and financial stability, investment environment and the challenges which lie ahead of the Serbian economy due to the Ukrainian crisis and … Read more
The European Commission has adopted the new Decree which redistributes the quotas for the import of steel to the EU which were previously meant for Russia and Belarus. The quotas for the export of certain kinds of steel have been increased for Serbia. – We believe that this change in the EU regulations will be … Read more