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Latest Business News from Serbia

serbian-pm-s-pensions-salaries-increase-promise-rebuffed
30 Apr 15

Watchdog Queries Serbian PM’s Pension Pledge

An independent fiscal watchdog has disputed the Serbian Prime Minister's assertion that the economy is strong enough for the government to raise pensions and public sector salaries.

eu-helps-create-balkan-transport-network
22 Apr 15

EU Hails Balkan Transport Network Deal

Leaders of six Western Balkans countries meeting on Tuesday in Brussels agreed on plans for a regional transport network, to which the EU has pledged 130 million euros.

french-company-signs-490-mn-investment-deal-for-brezovica-ski-resort
14 Apr 15

Kosovo Signs French Deal for Brezovica Ski Resort

Kosovo signed a 409 million euro investment deal with a French consortium for its largest ski centre amid worries in the Serb community that local workers will be pushed out.

unfair-competition-from-informal-sector-and-corruption-haunts-business-leaders-in-the-balkans
13 Apr 15

Graft and Grey Economy Hindering Balkan Business, EBRD

A new survey from the European Bank for Reconstruction and Development, EBRD, shows that corruption, competition with the informal sector, complex taxes and lack of access to bank loans are the chief complaints of business leaders in the Balkans.

serbian-govt-to-choose-steel-mill-s-management-amid-controversy
17 Mar 15

Serbia to Reveal Smederevo Steel's New Boss

Serbia on Tuesday will announce who has won the bid to manage the state-owned loss-maker Smederevo Steel - which the country has been trying without success to sell off.

law-for-belgrade-waterfront-in-regular-procedure-after-criticism
13 Mar 15

Serbia Backs Down in Row Over Belgrade Waterfront

The Serbian government has decided against using emergency procedures to push through development of the Belgrade Waterfront project, following criticism from a number of groups.

western-balkans-lag-in-structural-reforms-imf-says
11 Mar 15

Balkan Economies Falling Behind, IMF Warns

The Western Balkan are lagging behind other former Communist transitional countries and need to complete the transformation process that began two decades ago, an IMF report says.  

serbia-s-largest-business-forum-kicks-off
03 Mar 15

PM Vucic Opens Business Forum in Serbia

The future of Serbia's troubled state enterprises is likely to top the agenda at the Kopaonik Business Forum, which opened on Tuesday and brings together businessmen, economists, politicians and ambassadors.

serbian-central-bank-helps-swiss-franc-borrowers
25 Feb 15

Serbian Bank Eases Plight Over Franc Loans

The National Bank of Serbia has told commercial banks they must let clients with loans in Swiss francs repay housing loans on easier terms.

serbia-montenegro-earns-millions-for-allowing-overflights
09 Feb 15

Serbia and Montenegro Profit From Ukraine Flight Detours

The joint Serbian and Montenegrin air traffic agency expects higher revenues from overflight fees in 2015 as many airlines avoid Ukrainian airspace.

world-bank-cuts-croatian-gdp-growth-predictions
14 Jan 15

World Bank Revises Croatia's GDP Growth Down

In more bad news for the struggling centre-left government, the World Bank has altered its earlier forecast of Croatia’s GDP growth in 2015, cutting it from 1.2 to 0.5 per cent.

us-esmark-set-to-privatise-serbian-steel-mill
09 Jan 15

Esmark to Buy Troubled Serbian Steel Mill

A US-based company, Esmark, is to become the owner of 80 per cent of Steel Mill in Smederevo, after being the only company to submit a valid bid.

serbia-s-vucic-pledges-stable-economy-in-2015
30 Dec 14

Serbia PM Says Painful Reform Delivering Results

In a year-end interview, Serbia’s Prime Minister, Aleksandar Vucic, praised the government’s oft-criticised economic reforms, saying the results would be clear for all to see in a few years' time.

serbia-to-sack-thousands-public-employees-in-2015
22 Dec 14

Serbia to Cut 27,000 Public Sector Jobs

Serbia’s parliament started discussing a draft budget for 2015 which contains plans to reduce the number of workers in state-owned companies and the public sector by five per cent.

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

Politics and Society

serbian-public-broadcaster-elects-new-director
06 May 15

Serbia's Public Broadcaster Elects New Boss

Dragan Bujosevic, the well known journalist and editor, has been elected the new head of the Serbian public broadcaster, RTS, at a difficult time for journalism in the country.