Tag Archives: serbia
Serbia’s electricity market shifts under CBAM: exports shrink, liquidity moves and prices localise
In Q1 2026, Serbia’s day-ahead prices stayed well below EU levels, but CBAM-linked carbon costs broke the arbitrage that previously supported exports. The result is export…
Negative power prices arrive in Serbia, underscoring the shift toward flexibility-driven electricity markets
Serbia is set to allow negative prices on the day-ahead SEEPEX market from early May, reflecting growing periods of renewable oversupply. While flexible industrial demand may…
Serbia’s debt mix tilts toward banks, raising the price of funding
Serbia’s public debt remains below key fiscal benchmarks, but its financing structure has shifted sharply. Borrowing from commercial banks has surged since 2022 while dinar bond…
Serbia’s Industrial Build Boom Puts Environmental Engineering at the Center of Construction
In Serbia’s current wave of industrial and infrastructure investment, environmental risk is shifting from paperwork to the jobsite—where construction waste, emissions, and water impacts must be…
In Serbia, environmental engineering is becoming the gatekeeper for permits and financing
Serbia’s energy, mining and infrastructure build-out is increasingly determined by whether projects can clear environmental impact assessment requirements. As lenders tighten ESG-linked conditions, environmental engineering has…
Serbia folds lithium back into its 2040 mineral strategy, but ties progress to environmental approvals
Serbia has formally re-anchored lithium—centered on the Jadar and Valjevo areas—within its long-term mineral and geological resources strategy to 2040 (with projections to 2050). The move…
Serbia’s 1Q 2026 macro shift: consumption and services rise as industry and capital inflows lag
In the first quarter of 2026, Serbia’s growth model is increasingly shaped by domestic consumption and services exports, while industrial output underperforms and capital inflows show…
Serbia’s 1Q 2026 outlook: structural external risks, energy pressures and export concentration
In the first quarter of 2026, Serbia’s economic environment is being shaped by external risks that are increasingly structural rather than cyclical—especially weakness in Germany’s industrial…
Serbia’s 1Q 2026 fiscal shift: faster spending growth widens deficits and tightens financing
In the first quarter of 2026, Serbia moved decisively toward expansionary fiscal policy as expenditures accelerated far faster than revenues. The result is a widening deficit—paired…
Serbia’s 1Q 2026 current account surplus masks a weaker capital inflow picture
Serbia posted a January and first-quarter current account improvement, but the financial account deteriorated sharply with net capital outflows and falling FDI. The result is external…