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
After the corn harvest, Serbia will have a surplus of around 2.5 million tons this year, the same amount of wheat and around 100,000 tons of sunflower, and the export is now seriously hampered by logistics problems, the lack of means of transportation and transportation costs, said the director of the “Serbian Grains” Association, Suncica … Read more
In July, the total volume of goods exports (adjusted for number of working days) fell by 0.9 percent year on year, as reported by Statistics Netherlands (CBS). The contraction was virtually the same as in the previous month. The decrease in July was mainly seen in exports of metal and chemical products. Exports of machinery … Read more
In a strategic move to foster international economic ties, the Chamber of Commerce of Serbia (PKS) and the Ohio Development Department (ODD) have inked a Memorandum of Understanding centred on economic development, as announced by the PKS. This groundbreaking economic agreement marks the first such collaboration between the PKS and a US state-level association, aiming … Read more
The overall external trade in the Republic of Serbia for the period January- July 2023 amounted to: – USD 41513.6 million – which was an increase of 0.2% compared to the same period last year; – EUR 38314.3 million – which was an increase of 0.3% compared to the same period last year. The value … Read more
On October 1 this year, the Carbon Border Adjustment Mechanism (EU CBAM) regulation will start applying, introducing the world’s first carbon border tax. The CBAM monitoring obligation begins on October 1, and the first detailed CBAM report is due in January 2024. The report includes data on embedded CO2 emissions in imported products. CBAM affects … Read more
Serbia will have sufficient quantities of wheat for local needs this year, and the exporters expect a solid income as well. There were around 700,000 hectares under wheat, as many as in the past years, and the harvest amounted to close to 3.2 million tons. Of these quantities, around 1.5 million tons are sufficient for … Read more
Even after the reactions from the European Union, the United States of America, business associations and the alarming data about the damage done, the goods originating in Central Serbia have not been able to cross into Kosovo and Metohija through the administrative crossings for two months now. On June 14, Pristina banned the entry of … Read more