Markets
Serbia’s credit cycle turns more selective as corporate caution rises and consumer demand holds
Serbia’s latest banking data show corporate lending contracting in March while household borrowing continues to expand, keeping overall credit broadly stable. The shift points to a…
Serbian exporters shift focus to low-carbon electricity as CBAM reshapes EU-bound competitiveness
As the EU’s Carbon Border Adjustment Mechanism moves from regulatory talk to commercial reality, Serbian exporters are starting to treat the carbon profile of electricity as…
Serbia bond market steadies, but investors price in inflation persistence and energy transition risk
Serbia’s latest five-year dinar bond reopening drew strong institutional demand, but yields reflected a shift toward tighter compensation for medium-term macro uncertainty. Investors are increasingly embedding…
CBAM and renewables are reshaping Montenegro’s power market and investment priorities
Montenegro’s electricity economics are shifting as the EU’s Carbon Border Adjustment Mechanism turns carbon intensity into a trading variable. At the same time, renewable expansion, wind…
Montenegro’s summer momentum masks a widening coastal growth divide
Montenegro is entering the 2026 summer season with strong tourism positioning and expanding air links, but CW20 market signals point to an increasingly imbalanced economy. Growth,…
CBAM playbook for green power, GOs trading and MRV for Serbian RES producers
Developed by CBAM.Clarion.Engineer | for Banks and Exporters This playbook brings insight Serbian renewable electricity as a documented low-carbon supply product, not just as physical MWh. Under CBAM, the value of…
Serbia’s electricity exports face an early CBAM reality from 2026
Electricity will enter the EU’s Carbon Border Adjustment Mechanism immediately from 1 January 2026, forcing Serbian power exporters and industrial sellers to compete on carbon documentation…
CBAM playbook for green power, GOs trading and MRV for Serbian RES producers
Developed by CBAM.Clarion.Engineer | for Banks and Exporters This playbook brings insight Serbian renewable electricity as a documented low-carbon supply product, not just as physical MWh. Under CBAM, the…
Serbia’s electricity exports face an early CBAM test starting in 2026
Electricity will be the first Serbian export line to meet the EU’s Carbon Border Adjustment Mechanism on 1 January 2026, forcing traders and industrial exporters to…
Montenegro’s CBAM shift: why renewable projects may look more bankable—and what documentation must prove
From 1 January 2026, CBAM will make EU-bound electricity trades in carbon-adjusted terms, changing how Montenegro’s exports are priced. For RES producers, that can improve bankability—provided…