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
The overall external trade in the Republic of Serbia for the period January- September 2023 amounted to: – USD 52753.4 million – which was an increase of 0.2% compared to the same period last year; – EUR 48704.8 million – which was a decrease of 1.3% compared to the same period last year. The value … Read more
The minister of trade of Serbia, Tomislav Momirovic, stated on Saturday that, if the Free Trade Agreement with China is ratified in the National Assembly of Serbia in the next seven days, the conditions will meet for it to come into effect at the beginning of March 2024. – Of course, China is supposed to … Read more
Serbia and China have signed a free trade agreement that includes 10,412 Serbian products and 8,930 Chinese products, Serbia’s government said. Furthermore, the countries signed other agreements, including one about economic development policies, another to boost industrial and investment cooperation between Serbia and China, and a medium-term plan for jointly participating in the “Belt and … Read more
This month, Serbia will sign the long-announced Free Trade Agreement with China. The news that Serbia will finally sign the Free Trade Agreement with China this month (under the auspices of the Third Forum for International Cooperation of the Belt and Road initiative) was confirmed by the cabinet of the Prime Minister Ana Brnabić, who … Read more
The overall external trade in the Republic of Serbia for the period January- August 2023 amounted to: – USD 46945.6 million – which was an increase of 0.3% compared to the same period last year; – EUR 43288.7 million – which was a decrease of 0.4% compared to the same period last year. The value … Read more
Serbia has increased the export of flour to the European Union, whereby two new markets have opened for the local mills. – The new economic year began well for the mill industry, as 33,000 tons of exported flour was sold in July and August, which is 30% above the average foreign trade results in the … Read more