Blog
Serbia’s energy outlook turns uncertain as ownership talks and oil-price swings reshape risk
Serbia’s dominant oil and gas player, Naftna Industrija Srbije, is at the center of potential ownership change amid discussions involving MOL Group. The prospect arrives as…
Serbia’s growth momentum slows as external headwinds become more influential
After a post-pandemic rebound, Serbia is moving into a more constrained growth phase, with 2026 GDP forecasts clustering around 2.7%–2.8%. The moderation reflects weaker European industrial…
Serbia’s central bank becomes sole buyer of domestic Zijin gold as reserves surge
Serbia’s National Bank has taken a decisive step to channel domestically produced gold into reserves, buying 344 bars in 2025—about 4.3 tonnes—from the Zijin-linked Bor operation.…
Serbia tightens April 2026 rules for FX VAT reporting and e-invoicing
Serbia’s April 2026 amendments to its VAT and electronic invoicing rulebooks tighten how companies must present VAT and invoice values for transactions settled in foreign currency.…
Foreign discount and value formats eye Serbia as domestic consolidation reshapes competition
Serbia’s retail market is moving into a new phase as domestic players consolidate while international chains prepare entry plans. Potential arrivals—from Carrefour to Eurospin and Fix…
Serbia’s SEPA rollout tightens EU financial links as CEFTA integration remains incomplete
Starting May 5, 2026, Serbia will process euro payments under SEPA through 18 participating banks, cutting costs and shortening settlement times. The move deepens EU financial…
Geopolitical stress spotlights Serbia’s dependence on imported medicines
As geopolitical instability rises, Serbia’s exposure is increasingly shifting from energy-only concerns to health supply risk. The country’s pharmaceutical trade deficit—driven by limited domestic manufacturing depth—leaves…
Serbia’s new-car market accelerates in 2026, driven by consumption and fleet renewal
Serbia registered 8,120 new passenger cars and light commercial vehicles in the first quarter of 2026, up 16.42% year-on-year, extending the recovery seen in 2025. The…
Serbia commodity exchange sees second week of weak demand, price pressure spreads
Trading on Serbia’s Novi Sad commodity exchange has slipped into a second consecutive week of subdued demand, leaving buyers largely absent across major agricultural contracts and…
Montenegro turns EU accession into a financing and reform blueprint
Montenegro is repositioning its growth model around EU-aligned infrastructure, energy and environmental investment, supported by pre-accession funding and a shift toward long-term capital. The key bottleneck…