Tag Archives: serbia
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’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…
Serbia’s industrial contraction in early 2026 highlights how automotive growth is masking broader structural weakness
Serbia’s industrial output fell 4.7% year-on-year in the first two months of 2026, even as motor vehicle production surged about 45%. The data point to a…
Serbia’s manufacturing divergence: automotive growth masks broader industrial weakness
In early 2026, Serbia’s industrial output is contracting overall, but automotive manufacturing is expanding sharply—driven by full-scale production at Kragujevac. The result is a more export-heavy…
Serbia’s external position holds steady as capital structure shifts beneath the surface
Serbia’s external accounts in 2025 present a picture that, at first glance, appears reassuring. Headline indicators suggest stabilization. The country’s net international investment position (IIP), while…
Serbia’s early-2026 fiscal expansion widens deficit as capital spending accelerates
Serbia’s fiscal deficit widened to about RSD 70.5 billion in the first two months of 2026 as government spending outpaced revenue growth. The surge is driven…
Serbia’s financing model shifts toward corporate trade credit as foreign capital weakens
As foreign direct investment and portfolio inflows fade, Serbia’s early-2026 financing picture is increasingly supported by corporate trade credit. In January, trade credit rose by about…
Serbia’s early-2026 current account surplus masks a shift away from FDI
Serbia posted a €418.7 million current account surplus in January, but the improvement coincided with a sharp 76.9% year-on-year fall in net FDI inflows. The gap…
Serbia’s trade in 2026: deeper EU ties, a Germany-led shock channel, and rising China exposure
Early 2026 data show Serbia’s external trade is becoming more concentrated on the European Union, with Germany the dominant partner. At the same time, China’s growing…