Markets
Montenegro’s path to advanced manufacturing: niche marine, energy and precision services rather than mass factories
Montenegro is unlikely to build a mass manufacturing economy, given its small domestic market and limited industrial base. But the country can still develop higher-value capabilities…
EU accession turns ESG into Montenegro’s core investment framework
Montenegro’s EU accession process is increasingly acting as an economic restructuring force, reshaping how projects are financed and assessed across energy, infrastructure, banking and tourism. By…
Montenegro’s next growth bet: building a premium Adriatic health economy around prevention and digital care
Montenegro’s biotech and digital health prospects are unlikely to hinge on large-scale drug manufacturing. Instead, the country is positioning for a high-margin ecosystem that links preventive…
Montenegro’s healthcare and pharma market shifts from tourism support to long-term private demand
Montenegro’s pharmaceutical and private healthcare sector is moving into a structural growth phase as aging demographics, higher private spending, medical tourism potential and foreign residency demand…
Montenegro’s import dependence is evolving into a logistics and premium consumption model
Montenegro still imports far more than it exports, but the mix is shifting toward construction, energy transition, tourism infrastructure and premium consumption. By the second half…
Serbia’s property market shifts from residential cycle to logistics-and-industry buildout
Serbia’s real estate and construction activity is moving beyond a residential-led cycle as industrial expansion, infrastructure megaprojects and nearshoring reshape demand. By 2026, investors are likely…
Serbia’s next growth phase hinges on industrial upgrading, not just low-cost labor
Serbia is shifting from a low-cost regional model toward a broader investment and industrial platform, with the biggest long-term prospects in agribusiness, ICT, advanced manufacturing and…
Serbia’s carbon-free fabrication push could unlock a major EU export market
Europe’s energy and infrastructure buildout is driving demand for low-carbon, CBAM-compliant industrial components—not just final “green” technologies. Serbia’s opportunity is to scale fabrication and processing of…
Serbia’s low corporate tax remains a draw, but compliance demands are rising
Serbia’s 15% flat corporate income tax—unchanged since 2013—continues to underpin its appeal for industrial, technology and near-shoring investment. But the country’s tax system is becoming more…
MOL Group Q1 2026 profit drops 61% as supply disruptions and regional fuel price controls bite
MOL Group reported first-quarter 2026 pre-tax profit of $212 million, down 61% year on year, citing crude delivery instability and government pressure on fuel margins. The…