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
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