Economy
Serbia’s macroeconomic stability looks intact, but external shocks are rising in importance
Serbia’s fiscal discipline, conservative monetary stance and well-capitalized banking system keep the macro picture steady. But the country’s equilibrium is increasingly tied to capital inflows, export…
EU alignment pressure rises for Serbia as reform credibility comes to the fore
Serbia’s EU path is moving into a tougher, more performance-based phase, with reform progress increasingly tied to funding access. For investors, the mix of technical alignment…
Serbia’s external gap set to widen as import dependence stays structural
Projections point to Serbia’s current account deficit widening to around 5.7% of GDP in 2026, underscoring a persistent mismatch between import demand and export capacity. While…
Serbia’s inflation shows signs of re-acceleration as energy and food costs shift
Inflation in Serbia has moved up to a four-month high, pointing to the start of a new pricing cycle driven by volatile energy costs, import pricing…
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 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…
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…