Economy
Montenegro’s growth model: tourism, real estate and foreign capital power the economy—but also raise concentration risks
Montenegro’s service-led economy is being driven by tourism, luxury real estate and steady foreign investment, with tourism alone accounting for roughly 20–25% of GDP. But as…
Serbia’s shift to a carbon-priced economy: where CBAM and EU conditionality may lift returns—and where they may squeeze margins
As CBAM and EU-aligned climate rules embed carbon costs into trade and financing, Serbia’s investment map is being redrawn. Renewable power, grid upgrades and critical-minerals mining…
Montenegro’s 2026 outlook: euro stability, tourism momentum, and the financing test ahead
Montenegro is set for moderate growth in 2026, supported by euro adoption and easing inflation. But the country’s heavy reliance on tourism and persistent external deficits…
Serbia’s mining revival turns critical minerals into a clean-energy growth strategy
Serbia is repositioning its copper, gold and lithium assets as Europe’s demand for critical minerals rises, drawing major foreign investment and reshaping the country’s industrial priorities.…
Serbia’s 2026 growth plan leans on energy transition, infrastructure buildout and industrial upgrading
Serbia’s investment-led expansion in 2026 is being driven by a coordinated push across power generation, transport and logistics, and industrial modernization—supported by public spending, foreign direct…
Serbia’s nearshoring rise hinges on capital, infrastructure and EU-aligned decarbonisation
Serbia is positioning itself as a strategic nearshoring destination for European industry, supported by steady €4–5 billion annual FDI inflows, transport upgrades and regulatory convergence with…
Serbia’s 2026 outlook: Investment-led growth supported by fiscal discipline, but exposed to EU demand
Serbia expects real GDP growth of 3.5% to 4.0% in 2026, driven primarily by public investment, foreign direct inflows and industrial transformation. The outlook is underpinned…
Market News Roundup CW 15
Montenegro’s banking market holds steady as rate pressures pause amid global uncertainty 10/04/2026 Montenegro moves toward 30-year airport concession as Incheon emerges as preferred operator 10/04/2026…
Serbia’s trade deficit shrinks in early 2026, but the improvement is largely import-driven
Serbia’s trade balance improved in January–February 2026 as exports rose slightly and imports fell, narrowing the goods deficit. But the data point to stabilization through import…
Serbia’s 2026 two-speed economy: services surge while industry contracts
In early 2026, Serbia’s growth is increasingly split between expanding consumption and services—supported by wage gains, stable inflation, and a growing services surplus—and an industrial sector…