Blog
Montenegro banks expand, but investors face a Europe-linked risk as growth slows
Montenegro’s banking sector is expanding—driven by faster loan growth, steadier deposits and improving profitability—while the Eurozone is projected to grow only 0.9% in 2026. The divergence…
Montenegro’s trade gap is shaped by import dependence, not just export swings
Montenegro’s goods imports fell year-on-year at the start of 2026, but the country still buys heavily across machinery, food, chemicals and industrial inputs. With exports constrained…
Serbia prepares for negative power prices on SEEPEX, reshaping dispatch economics and trading risk
From May 2026, Serbia will introduce negative electricity prices on the SEEPEX exchange, with day-ahead auctions starting 5 May 2026. The move lowers the price floor…
Boron One builds a multi-asset boron roadmap in Serbia’s Raška basin
Canadian-listed Boron One Holdings is moving beyond the Piskanja deposit in Serbia’s Raška basin, evaluating additional borate occurrences as it aims to develop a potential European…
Serbia retail sales stabilise in February, with real turnover up 4.6% year-on-year
Serbia’s retail trade turnover rose 4.6% in real terms in February 2026, following a weak January. The rebound points to steadier household demand, though month-to-month results…
Europe tightens ESG disclosure rules as Serbia edges toward ESRS alignment
Europe’s CSRD is expanding ESG reporting to about 50,000 entities and moving disclosures toward standardized, audit-ready data. Serbia remains outside the EU framework, but market demand…
Air Serbia’s revenue momentum holds as profits stay near €45m
Air Serbia reported total revenues of €719.5 million in 2025 alongside pre-tax profit of €45 million, showing profitability stabilising even as operating costs rise across the…
Serbia’s early-2026 trade picture: mild contraction, but a sharper external balance
Serbia’s total foreign trade contracted slightly in the first two months of 2026, yet exports held up while imports fell faster—cutting the trade deficit by nearly…
ProCredit Bank’s 25-year agricultural lending role in Serbia is being reinforced by state-backed credit lines
Operating in Serbia for 25 years, ProCredit Bank has deepened its position as a key distributor of subsidised agricultural loans under the 2026 government framework, supporting…
Montenegro’s tourism model stays tethered to Russian arrivals—supporting growth while raising concentration risk
Russian visitors remain the largest source of foreign overnight stays in Montenegro, accounting for 34.5% in January 2026. The same demand base also links tourism to…