SERBIA

Serbia, China agree to lift air traffic restrictions

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Serbia and China have signed a memorandum to remove air traffic restrictions between the two countries, the Serbian government said. This agreement will enable the free operation of air transport between China and Serbia, without the restrictions that existed until now for both Chinese and Serbian air carriers, infrastructure minister Goran Vesic said in a … Read more

FX Reserves of National Bank of Serbia Cover Almost 6 Months’ Worth of Import of Goods and Services

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Increasing by EUR 176.2 million from a month earlier, gross NBS FX reserves reached EUR 21 billion and 556.8 million euros at end-April, their highest end-of-month level on record (since 2000), the National Bank of Serbia (NBS) announced. – They covered 176% of money supply M1 and 5.7 months’ worth of the country’s imports of … Read more

S. Korea, Serbia reach tentative deal on bilateral investment treaty

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South Korea and Serbia have reached a tentative deal to sign a bilateral investment treaty aimed at promoting mutual investments between the two countries, according to Seoul’s foreign ministry Thursday. The treaty is expected to provide a legal framework for the protection of South Korean investments in Serbia from non-commercial risks, and promote mutual investments … Read more

Rwanda Interested in Importing Large Quantities of Grains from Serbia

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Illustration (Photo: Fotokostic/shutterstock.com) Serbia and Rwanda traditionally have very good political relations, the minister of domestic and foreign trade of Serbia, Tomislav Momirovic, said during his visit to Rwanda. At a meeting with the prime minister of the Republic of Rwanda, Eduard Ngirente, he pointed out that “it is time for the economic cooperation between … Read more

China, Serbia announce official launch of FTA negotiations: MOFCOM

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China’s Minister of Commerce Wang Wentao met with Serbia’s Minister of Domestic and Foreign Trade Tomislav Momirovic on Wednesday, jointly signing a memorandum of understanding to start negotiations on a free trade agreement (FTA) between the two countries, which will inject more momentum into deepening the comprehensive strategic partnership between the two countries. The announcement … Read more

Serbia’s exports rise, statistics office says

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The Republic Statistics Office (RZS) said on Friday that Serbia’s exports totaled 2.344 billion Euro in February 2023, or 14.9 percent more than the same month a year earlier. Imports stood at 3.057 billion Euro, a drop of 5.4 percent. Trade stood at 10.472 billion Euro in January and February, an increase of 8.7 percent … Read more

External trade, for January 2023

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The overall external trade in the Republic of Serbia for the period January 2023 amounted to: – USD 5430.2 million – which was an increase of 9.7% compared to the same period last year; – EUR 5055.5 million – which was an increase of 16.0% compared to the same period last year. The value of … Read more