Blog
Serbia’s factory-gate inflation stalls as energy costs ease, but demand weakness comes into focus
Early 2026 producer price data for Serbia points to near-stabilised factory-gate costs, with energy prices turning mildly deflationary. But flat prices alongside falling manufacturing output suggests…
SEE power prices stay elevated in Week 14 as Easter demand drop meets tighter regional supply
In Week 14 (30 March–5 April), South East Europe saw a fragmented electricity pricing picture: demand fell for the Easter period, but weather-driven renewable and hydrological…
Serbia’s renewables boom is being shaped by capital structure, not just megawatts
Serbia’s renewable buildout has progressed from wind-led, multilateral-anchored project finance to auction-backed deals where commercial banks are taking on more of the risk. The next financing…
Serbia and the SEE corridor: Mining returns increasingly hinge on processing, power and data
In South-East Europe, the mining investment case is shifting from pure extraction risk toward a wider infrastructure ecosystem. In Serbia, equity investors are focusing on midstream…
SEE power markets face a volatility-driven regime as European price extremes widen spreads
Early April 2026 highlighted a structural shift in European electricity pricing: negative prices in parts of the core EU alongside spikes above €150/MWh, with weak wind…
Holcim’s Obrenovac investment tests Serbia’s industrial strategy against local consent thresholds
The planned €110–112 million Holcim cement and materials processing platform in Ratari, within the Obrenovac municipality, was conceived as a model of Serbia’s industrial transition: a project…
Serbia pledges €2.3bn in state-guaranteed energy financing, putting EPS at the center of the transition
Serbia’s revised Fiscal Strategy for 2026–2028 places energy investment at the core of its capital plan, with state-backed guarantees earmarking about €2.26bn for EPS-led projects. The…
Serbia’s Fiscal Strategy 2026–2028 bets on construction surge, services peak and a slower industrial rebound
Serbia’s revised Fiscal Strategy for 2026–2028 projects growth that is front-loaded in public investment, with construction driving the near-term expansion and services peaking in 2027 around…
European manufacturers in Serbia reposition as CBAM-ready export platforms
The introduction of the EU’s Carbon Border Adjustment Mechanism is not only reshaping the economics of Chinese exports to Europe. It is also quietly redefining the…
CBAM 2026 forces Chinese manufacturers to reprice Europe—Serbia emerges as a strategic export platform
The introduction of the EU’s Carbon Border Adjustment Mechanism (CBAM) in its definitive phase from 2026 marks a structural break in global manufacturing economics. For China-based exporters—particularly in steel,…