Blog
Serbia’s early-2026 current account surplus masks a shift away from FDI
Serbia posted a €418.7 million current account surplus in January, but the improvement coincided with a sharp 76.9% year-on-year fall in net FDI inflows. The gap…
Tržišta električne energije u JIE prelaze ka vrednosti vođenoj volatilnošću dok ekstremi cena u Evropi redefinišu trgovinske i investicione strategije
Prva nedelja aprila 2026. godine nije donela samo još jednu epizodu cenovne volatilnosti na evropskim tržištima električne energije. Ona je, sa neuobičajenom jasnoćom, razotkrila strukturnu tranziciju…
Serbia’s trade in 2026: deeper EU ties, a Germany-led shock channel, and rising China exposure
Early 2026 data show Serbia’s external trade is becoming more concentrated on the European Union, with Germany the dominant partner. At the same time, China’s growing…
Serbia’s trade deficit narrows in early 2026, but import contraction—not export momentum—does the heavy lifting
Serbia’s trade deficit shrank by about 24.9% to €936 million in January–February 2026 and export coverage of imports rose to roughly 85%. But the improvement largely…
Serbia’s industrial cost squeeze: refining disruptions, hydrology swings and CBAM pressure
Energy instability is again reshaping Serbia’s industrial outlook in 2026, with the Pančevo refinery disruption feeding through manufacturing supply chains while hydropower volatility limits system resilience.…
Serbia’s infrastructure convergence accelerates as battery storage links solar, data centres and fibre networks
Serbia’s planned 1 GW solar programme paired with roughly €1.9bn of state-supported BESS financing is reshaping the country’s power market by adding dispatchability to renewables. That…
Serbia’s 1.9% growth in early 2026 looks steady—but the industrial picture is deteriorating
Serbia’s economy expanded by about 1.9% year-on-year in the first two months of 2026, with inflation at 2.5% and real wages rising 7.6%. But the momentum…
Serbia’s renewables boom is being shaped less by megawatts than by who funds them
Serbia has built a bankable renewable market in South-East Europe by relying on multilaterals and a consistent project-finance template, but the shift to auctions, solar and…
Serbia’s hydropower rebound eases supply stress, but structural power risks remain
A wetter start to 2026 has lifted Serbia’s hydropower output after the severe drought-driven shortfall of 2025, reducing immediate pressure on electricity supply. But the rebound…
Serbia and the SEE mining corridor: How processing, power and data infrastructure are reshaping equity returns
In South-East Europe, mining investment is shifting from pure extraction risk toward a wider infrastructure ecosystem. In Serbia, the case is increasingly built around midstream processing,…