Policy & State
Serbia’s early-2026 budget expansion leans on capital spending, widening the deficit
Serbia’s budget position in the first two months of 2026 deteriorated as expenditures surged faster than revenues, driven largely by a sharp rise in capital investment.…
Serbia pledges €2.3bn in state-guaranteed energy financing, putting EPS at the center of the transition
Serbia’s revised Fiscal Strategy for 2026–2028 places energy investment at the core of its capital plan, with state-backed guarantees earmarking about €2.26bn for EPS-led projects. The…
Serbia’s Fiscal Strategy 2026–2028 bets on construction surge, services peak and a slower industrial rebound
Serbia’s revised Fiscal Strategy for 2026–2028 projects growth that is front-loaded in public investment, with construction driving the near-term expansion and services peaking in 2027 around…
Serbia’s industrial push shifts from broad incentives to fiscal discipline as projects grow costlier
Serbia’s decade-long industrial expansion has relied heavily on state incentives and infrastructure support, but the economics of subsidies are changing as investment becomes more capital-intensive. The…
Foreign chambers and Serbia’s policy machinery: how an “investment operating system” is taking shape
Across Serbia, the expansion of foreign investor chambers has evolved from sector-by-sector engagement into a systemic influence that links state priorities with investment planning. The result…