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Clear, data-driven news and analysis on Serbia’s business and policy landscape — connecting local developments with global relevance.

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Markets

Serbia’s Goods Exports Rise 8.8% as Trade Deficit Narrows

Serbia’s merchandise exports increased 8.8% year on year to €21.09 billion in January-July 2026, outpacing import growth and contributing to a substantial reduction in the country’s trade deficit. Imports rose…

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Industry

Serbia’s Construction Output Rebounds as Building Activity Outpaces Infrastructure

Companies

Waberer’s Expands Serbian Logistics Operations with New Belgrade Capacity

Economy

Serbia’s Consumer Spending Strengthens as Real Wages and Retail Sales Rise

Economy

Serbia’s GDP Growth Reaches 3.8% as Household Spending and Investment Strengthen

Economy

Serbia’s GDP Growth Reaches 3.8% as Household Spending and Investment Strengthen

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Serbia’s Industrial Strategy Shifts Toward Engineering, Compliance and High-Value Technical Niches

Industry

Serbian Exporters Build MRV Systems for EU Carbon Border Compliance

Markets

Serbia’s Kragujevac data centre and AI buildout hinge on power contracts

Energy

CBAM rules reshape Serbia electricity contracts for EU-bound industrial exports

Industry

Serbia’s Evolving Industrial Landscape and the Role of Public Relations

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Serbia’s Regional Wage Gap Remains Wide Despite Faster Growth Outside Belgrade

Wages increased across all Serbian regions in the first half of 2026, but substantial differences in average pay continued to…

Serbia’s Tourism Overnight Stays Rise 3.8% as Foreign Demand Nears Half of Total

Serbia recorded 3.3 million tourist overnight stays in the second quarter of 2026, marking a return to growth after a…

Business Services Account for Nearly 600,000 Jobs in Serbia

Business services employed close to 600,000 people in Serbia in the second quarter, making transport, ICT, technical services, hospitality, real…

Serbia’s Inflation Averages 2.9% as Energy and Utilities Drive Price Pressures

Serbia’s consumer-price growth remained moderate during the first half of 2026, although electricity, utilities and several regulated services accounted for…

Serbia’s Average Net Wage Reaches €1,026 as Real Earnings Gain 9.4%

Serbia’s average monthly net wage reached RSD 120,401 (€1,026) in June, with earnings continuing to increase significantly faster than inflation.…

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Serbia Begins €115 Million Bajina Bašta Grid Upgrade

Serbia has begun upgrading the Bajina Bašta substation from 220 kV to 400 kV as part of the approximately €115 million third section of the Trans-Balkan Electricity Corridor. The project…

Serbia’s Renewable Power Exports Face Stricter CBAM Documentation Requirements

Serbia’s renewable electricity producers can continue exporting power to the European Union…

Serbia Plans Faster Renewable Permitting as Developers Face Stricter Project Requirements

Serbia is preparing changes to renewable-energy permitting rules as the country’s expanding…

Serbia’s 11 GW Renewable Pipeline Puts Grid Connections and Storage in Focus

Serbia has around 11 GW of wind and solar projects in the…

Serbia Grid Changes Put 1.15 GW Renewable Pipeline Under Pressure

Serbia’s renewable-energy sector has warned that recent grid regulations could delay a…

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EBRD Raises Serbia’s 2026 Growth Forecast to 3.1%

The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Serbia’s economic growth in 2026 to 3.1% from 2.8%, while maintaining its 2027 projection at 3.8%. The…

EIB and Erste Launch €22 Million Green and Digital Financing Facility in Serbia

Serbian companies will have access to €22 million in EU-backed financing under…

EIB and UniCredit Provide €56.5 Million Financing Package for Serbian Companies

Serbian small and medium-sized enterprises and mid-cap companies will have access to…

Serbian Banks Maintain Strong Profitability as Net Interest Margins Continue to Narrow

Serbian banks generated around €863 million in pre-tax profit during the first…

Serbian Banks Expand Lending as Non-Performing Loans Fall to 1.98%

Serbia’s banking sector is recording faster credit growth while maintaining historically low…

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Impol Seval Loss Widens as Rising Costs Pressure Serbian Aluminium Exports

Impol Seval recorded a substantially larger loss in the first half of 2026 despite higher sales and production, as rising material, fuel and energy costs outpaced revenue growth at the…

EPS Renewable Acquisitions Put Focus on Pricing and Selection Transparency

Serbia’s state-owned power utility EPS is seeking to acquire or jointly develop…

Fortis and İnelso Invest €25.5 Million in Serbian Solar-Storage Project

Fortis Energy and İnelso Energy Systems have agreed to invest €25.5 million…

STADA Approves Further €20 Million Investment in Hemofarm Production

German pharmaceutical group STADA has approved an additional €20 million investment in…

Serbian Corporate Lending Expands as Investment Loans Grow 16.5%

Serbian companies increased their use of bank financing in July 2026, with…

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Serbia’s Unemployment Falls as Employment and Labour Participation Weaken

Serbia’s unemployment rate declined to 7.2% in the second quarter of 2026, but the fall coincided with fewer employed people…

Serbia’s Economic Sentiment Declines as Second-Quarter Growth Accelerates

Serbia recorded 3.8% GDP growth in the second quarter, one of its strongest quarterly performances since 2024, while economic confidence…

Serbia’s Capital Goods Exports Gain Share as Goods Shipments Increase

Serbia recorded stronger goods export growth in the first half of 2026, led by capital and intermediate products and a…

Serbia’s Household Spending Strengthens as Wages and Retail Sales Accelerate

Household demand became a stronger contributor to Serbia’s economic expansion in the first half of 2026, supported by rising real…

Serbia’s Investment Environment Improves as Focus Shifts to Operating Conditions

Serbia has strengthened its performance in international assessments of business conditions, with high rankings for starting businesses, regulatory framework and…

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Serbia Growth Accelerates as Industrial Output Remains Nearly Flat

Serbia’s economy strengthened during the first half of 2026, but the expansion has been uneven across sectors, with construction and services advancing while overall industrial output remained almost unchanged. Gross…

Serbia’s Exports and Retail Demand Strengthen as Industrial Growth Remains Limited

Serbia’s latest statistical projections point to continued growth in exports and household…

Serbia’s Transport and Storage Turnover Rises as Freight Volumes Diverge

Serbia’s transport and logistics sector recorded higher turnover in the first half…

Serbia’s Real-Estate Services Turnover Rises 13.2% in Second Quarter

Serbia’s real-estate services sector recorded a sharp increase in activity during the…

Serbia’s Professional Services Turnover Rises 21.8% on Engineering and Consulting Growth

Serbia’s professional, scientific, innovation and technical services recorded strong expansion in the…

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Serbia turns to net power imports as renewable output slumps

27 Sep 2026

Serbia starts design work for €2.6 billion Đerdap 3 pumped storage

25 Sep 2026

Windey targets equity stake in Fintel’s 854 MW Serbian wind portfolio

25 Sep 2026

Serbia taps diesel reserves as NIS seeks new U.S. licence

25 Sep 2026

Serbia: EPS prepares €65 million overhaul of 104 MW Bistrica hydropower plant

25 Sep 2026
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Markets

Serbia’s Gross FDI Falls 26% as Foreign Financing Shifts Toward Portfolio Investment

Companies

Windey and Fintel Expand Serbian Renewable Partnership With 854 MW Wind Project

Economy

Serbia’s SME Lending Expands as Financing Gap With Large Companies Widens

Industry

Serbia’s Steel Exports Face Dual EU Pressure From CBAM and Trade Safeguards

Industry

Serbia’s Aluminium Exports Face Wider CBAM Exposure Through Upstream Supply Chains

Finance

Serbia Approves €54.2 Million Infrastructure Package for EXPO 2027 Site

Industry

Serbia’s Mining Exports Reach €1.3 Billion Despite Slight Production Decline

Industry

Serbia’s Automotive Sector Drives Manufacturing and Export Growth in 2026

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